Fintech PR
CSpro launches issuance, distribution and investment services for security token offerings in Hong Kong and starts accepting applications from potential security token issuers
HONG KONG, Nov. 13, 2023 /PRNewswire/ — CSpro (Hong Kong) Limited (CSpro, formerly Signum Digital Limited), is proud to announce the official launch of its groundbreaking services for issuers and professional investors (as defined by Hong Kong law) of security token offerings (STOs). CSpro is licensed by the Securities and Futures Commission to carry out Type 1 (dealing in securities) regulated activities having CE registration number BSH213. As the first primary issuance and distribution platform in Hong Kong specialised exclusively in STOs, CSpro is set to redefine the landscape of regulated structured products linked to real world assets (RWAs).
With its extensive expertise and deep understanding of the digital asset markets, CSpro is set to revolutionise the way professional investors can gain exposure to the rapidly developing market of security tokens backed by RWAs. The CSpro platform will combine cutting-edge technology with strategic partnerships to bring together security token issuers and professional investors through a seamless technology-driven experience and in line with relevant regulatory requirements.
CSpro’s launch event at Cyberport on 8th November 2023, CSpro brought together industry leaders, distinguished guests and key stakeholders who are at the forefront of the digital asset markets such as Deloitte, Microsoft, FORMS HK, InvestaX, Finet and Matrixport. Attendees were able to witness the launch ceremony of the CSpro platform and gain insight into the opportunities CSpro is bringing to the Fintech environment in Hong Kong and the future of digital asset investment.
“Tokenization of real world assets has been ranked among the top opportunities in the digital asset space. Big congratulations to CSpro for achieving such great milestone for launching regulated STO services in Hong Kong,” commented King Leung, Head of Financial Services and Fintech at InvestHK.
“We are thrilled to introduce CSpro’s STO services to the market,” said Samson Lee, Founder & CEO of CSpro. “Our mission is to unlock new frontiers in the digital asset space by bringing together token issuers and professional investors through a technology-driven platform to capture the benefits of security tokens backed by RWAs. By leveraging the Coinstreet Global Alliance programme, CSpro can connect with strategic technology and business partners along the STO value chain globally. We believe CSpro is poised to become a leading player in the industry.”
Stephen Law, JP, CPPCC National Committee Member and Vice Chairman at Coinstreet Group, commented, “Hong Kong is an ideal base for digital financial services businesses because of its sound regulatory system, prosperous financial ecosystem and superior geographical location, backed by China and connected to the world. Hong Kong enjoys a reputation for financial stability, transparency and investor protection, which enhances the confidence of potential investors in buying and selling security tokens.”
“Security tokens are set to provide a valuable additional fund-raising channel for small and medium-sized enterprises,” added Martin Sabine, Chairman of Somerley Capital Holdings Limited. “STOs distributed by CSpro, backed by real assets and income streams, are in our view, a medium risk way of participating in these future opportunities.”
“Today we are very excited to witness one of our Cyberport’s community entrepreneurs, Samson Lee, and his team for bring one of their Web3 ventures to the next level”, commented Edmond Lau, Chief Financial Officer at Hong Kong Cyberport.
“CSPro’s successful launch of the first primary issuance and distribution platform in Hong Kong specialised exclusively in STOs is a key milestone of HK’s virtual asset hub journey in making finance simpler, faster, smarter and safer. We are excited to support CSPro’s STO business by the innovative, reliable and secure Web 3.0 Financial Platform empowered by Microsoft,” said Alex Chan, CEO of FORMS HK.
Kaman Heung, Director-Private Wealth at Matrixport, parent company of Cactus Custody, commented, “The safe custody of tokenised assets plays a very important role in the digital assets industry. Cactus Custody is a licensed TCSP in Hong Kong and we are excited about the partnership with CSpro to safeguard their investors’ assets through our professional security infrastructure and insurance coverage.”
Kitty Lo, Chairman of Finet and President of FINMETA said, “STO has become an eye-catching emerging investment track in Hong Kong, we are very pleased to partner with CSpro on market cultivation and investor education.”
Sean Brehm, Chairman of Node Nexus Network commented, “Hong Kong has been at the forefront of innovation in defining a regulatory framework for a new kind of asset class, paving the way in providing sound oversight, legitimacy, and transparency. Security tokens will seem normal and ordinary in the next 20 years because of the extraordinary efforts and vision of the leaders here in Hong Kong today.”
Dato’ Kin Hui, Executive Chairman of Singpoli Investment Bank noted, “CSpro is a forward-thinking leader in the digital asset market and an organization that shares our dedication to regulatory compliance. Together, we aim to drive innovation and unlock new avenues of investment into modern society.”
The CSpro platform offers a wide range of benefits, including:
1. One-stop: CSpro offers one-stop service for STO issuers, including project management, as well as managing the tokenization process, listing & distribution, token life-cycle management, investor relations, and coordination services with legal & compliance, other 3rd party professional firms and secondary trading exchanges.
2. Access to Real World Assets: Professional investors can diversify their portfolios by gaining exposure to a variety of RWAs, such as stocks, bonds, cashflows, aircrafts, real estate, arts and collectibles and other tangible assets through tokenized structured products.
3. Efficient and Transparent Transactions: The CSpro platform leverages blockchain technology to facilitate efficient and transparent transactions, enabling seamless issuance, trading, and settlement of security tokens.
4. Cost Efficiency: CSpro provides an alternative path for fundraising for businesses and brings liquidity to RWAs at a competitive cost as compared to conventional financial markets.
5. Global Strategic Partnerships: Leveraging on the Coinstreet Global Alliance partnership program which started in 2017, CSpro is forging strategic partnerships with leading industry players globally, thereby unlocking a vast network of opportunities and providing investors with access to a wide range of investment options.
CSpro is now accepting applications from potential security token issuers of STOs for providing issuance and distribution services for STOs to professional investors.
About CSpro (Hong Kong) Limited
Formerly Signum Digital Limited, CSpro is a joint venture between Coinstreet Holdings Limited, an award-winning technology financial services group focused in the digital asset sector, and Somerley Capital Holdings Limited, a leading financial services group in Hong Kong. CSpro provides issuance and distribution services for security token offerings to professional investors (as defined in the Securities and Futures Ordinance) and is licensed by the Securities and Futures Commission to carry out Type 1 (dealing in securities) regulated activities having CE registration number BSH213.
For more information, please visit https://hk.cspro.io
About Coinstreet Holdings Limited
Founded in 2017, Coinstreet is an award-winning financial services and professional consulting firm focused in the Digital Asset sector. Coinstreet offers innovative fintech services, and business and operation solutions, covering four key business segments including: Tokenization Business, Asset Management, Web3 Enterprise Solutions, and Ecosystem Development. Coinstreet is a co-organizer of TADS Awards (www.tadsawards.org) – the world’s first international award for Tokenized Assets and Digitized Securities sector, and is a co-organizer of the Digital Asset Series (www.digitalassetseries.org) – a series of seminars that provides free education for the general public about the ever-growing landscape of digital assets and facilitate mass adoption.
For more information on Coinstreet, visit https://coinstreet.group
About Somerley Capital Holdings Limited
Somerley is an integrated financial services provider licensed to conduct Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance), Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and, through its subsidiaries, is principally engaged in providing corporate finance advisory services in Hong Kong and Beijing.
For more information on Somerley, visit https://www.somerleycapital.com/en/
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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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