Fintech PR
With a focus on the automotive, agricultural and healthcare sectors, OneConnect is committed to building a supply chain finance ecosystem
“To date, OneConnect has developed supply chain finance services targeting ten industries, with a focus on the automotive, agricultural and healthcare sectors,” Fei Yiming, CEO of OneConnect’s Enterprise Financial Service Division, said at the 7th China SME Investment & Financing Expo and the China Supply Chain Finance Summit. OneConnect, a member company of Ping An Group, is a leading technology service platform spanning the entire financial industry chain. Ping An Group, the world’s largest insurance group in terms of market capitalization, is ranked 29th on the Fortune Global 500 list.
Supply chain finance refers to financial services through which banks manage the capital flows and logistics of leading small and medium-sized enterprises (SMEs) in the upstream and downstream segments of some sectors and transform the uncontrollable risks of a single enterprise into controllable risks spread across multiple firms that inhabit every link in the supply chain, minimizing risks to the lowest level through access to a wide range of information. This is achieved by allowing the financial reviewer to have access to and be able to evaluate the performance and credibility of an firm applying for trade finance from multiple viewpoints.
Leveraging cutting-edge technologies including blockchain, artificial intelligence and cloud computing, OneConnect launched the Eachlink Intelligent Supply Chain Finance Platform in 2018, as a solution to overcome the drawbacks associated with traditional supply chain finance models, including difficulties in interpreting the company information that was collected based those models as well as in tracking the transaction information and in providing financing to SMEs. Taking advantage of blockchain’s traceability, records retention and immutability, a large amount of offline transaction information which was previously difficult to verify is furnished to the blockchain, ensuring that SMEs’ information on the supply chain can be recorded, traceable and creditworthy and guaranteeing the authenticity of the furnished information. Artificial intelligence is used to achieve intelligent cross-validation of data sources for logistics, warehousing, industry, trade, taxation and other participants on the blockchain, solving the bottleneck of information asymmetry between banks and companies and the difficulty of verifying the authenticity of a trade, greatly enhancing the banks’ ability to control risks, reduce risks associated with loans and audit costs. By combining mobile networks and cloud computing, we can build a mobile cloud platform, which can bring the entire process online including credit application, certification, contract signing, loan application and invoice verification, truly offering 24×7 services and online lending in seconds. It not only reduces the financing costs for SMEs, but also meets the demand for short-term, frequent and fast-moving financing.
Mr. Fei indicated that the characteristics that define a supply chain varies across different verticals and as a result, precision-driven supply chain finance solutions are required to address a host of existing pain points associated with differentiation.
Taking the automotive industry as an example, a supply chain finance platform built with OneConnect helps automotive firms manage their funds appropriately and efficiently. Blockchain allows for full transparency on multiple levels of the credit status and worthiness of key businesses, ensuring the healthy and smooth operation of all sectors across the industry chain by enhancing the accessibility to the financing sought by firms in the chain, reducing financing costs and, generally speaking, removing all friction that could arise as a result of a lack of capital.
In the world of agriculture, rural financial services are more underdeveloped as the majority of the players involved are individual farmers who lack financial literacy and credit awareness. Consequently, OneConnect puts the control of capital flow and the trade in agricultural products in the hands of the major agricultural companies, in line with the business model of order-based agriculture and of having the individual farmers and the large agribusinesses working hand in hand, with the aim of ensuring the availability of needed credit facilities while reducing the associated risk.
As for trade financing, OneConnect, led by the Hong Kong Monetary Authority, helped build the world’s first blockchain trade financing platform supported by regulators in 2018. Serving as an “air corridor” for financial trade, the pioneering platform connects international trade hubs in the Guangdong-Hong Kong-Macao Greater Bay Area and builds a bridge that facilitates trade and the flow of capital across the Asia Pacific region and the wider world.
In April 2019, under the aegis of the General Administration of Customs, OneConnect, working with Tianjin Customs, introduced China’s first cross-border trade service network powered by blockchain technology. With the network, OneConnect aims to make multi-party information sharing a reality with blockchain, break the asymmetric information barrier and supply the government, financial institutions and foreign trade partners with a database of credible background information and credit histories of SMEs so that qualified firms can be provided with trade financing.
SOURCE OneConnect
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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