Fintech PR
Bitazza, Lightnet and Velo to Create Next-Generation Financial Ecosystem and to Become the “Go-to” CeDeFi Bridge
Bitazza, Thailand’s leading digital asset brokerage, alongside Lightnet Group, have announced a share acquisition in Bitazza raising 6 million USD to fuel its growth expansion plans. The acquisition will seal a strategic partnership between Bitazza, Lightnet and Velo Labs to create a next-generation financial ecosystem by seamlessly connecting traditional finance to the global digital network, creating a more streamlined pathway between fiat and crypto currencies, and providing millions of Thai users with access to international markets. This collaboration aims to accelerate the mass adoption of blockchain technology in Asia, beginning in Thailand, by challenging SWIFT with a low-cost, near real time, and interoperable network, delivering more accessible and efficient financial services to Thai users.
- Bitazza, Lightnet Group and Velo Labs to elevate financial and investment solutions in Asia by expanding its network of partners in the region
- Creation of a new financial ecosystem that will enable seamless movement between fiat and crypto currency, traditional assets and digital assets, and link Thai users to international markets by utilizing licenses, such as Bitazza’s digital asset broker licenses, Lightnet Group’s MPI license under the Payment Services Act (PSA) overseen by the Monetary Authority of Singapore (MAS) and the Electronic Money Institution (EMI) license in the European Union through Bank of Lithuania.
- Velo Tokens will serve as the main bridge asset for the total ecosystem of the CeDeFi Bridge.
- BTZ Tokens will serve as the core utility token for Bitazza’s platform of products and services serving as fuel to its infrastructure and BTZ token holders will receive various discounts, rewards and benefits across the ecosystem.
This agreement between the three parties involved will contribute towards improving the financial mobility and access of millions of users in Asia. Bitazza will enable users to transition between traditional financial services, assets, and the crypto/digital assets market by leveraging their capabilities as a digital asset broker and providing users access to the most liquid and active global digital asset markets. Velo is a blockchain based financial protocol designed for borderless asset transfers as well as digital credit issuance. Lightnet is Asia’s leading cross-border remittance network provider aiming to replace SWIFT by connecting to a global network of innovative FX liquidity and cross-border payments providers to reduce transaction times and lower transfer fees for users.
Chatchaval Jiaravanon, Chairman of Velo Labs adds: “This agreement is a testament to Velo Labs’ and its partners’ continuous efforts to achieve Financial inclusion for millions in the under-served MSME lending market in Southeast Asia and illustrates our commitment towards enabling greater financial inclusion. I hope to allow Bitazza to leverage on local partnerships including True and 7-Eleven to further expand their service networks across the country.”
“We are delighted to be a part of this unique collaboration with trusted partners like Bitazza and Velo Labs. We are committed to providing customers from the MSME market in Thailand with another pathway to improve Financial wellness and access” said Tridbodi Arunanondchai, Vice Chairman and Group CEO of Lightnet Group
Kavin Phongpandecha, Chief Executive Officer of Bitazza, states that Bitazza’s plans for expansion into the Asian market, as well as the robust tokenomics underpinning the BTZ token makes Lightnet Group’s investment an intuitive partnership between the parties. This collaboration also represents an opportunity for product integration between the parties involved and extends our collective reach into the various partners throughout the new investor’s network.
Mr. Phongpandecha also goes on to say: “Our goal is to place Thailand at the forefront of the digital and crypto asset industry. Much like Wall Street and Silicon Valley have been the epicenter of Finance and Technology respectively, we hope to shift the paradigm and push Thailand, and eventually Southeast Asia as the global frontier for next-generation financial innovation.”
Kevin Heng, Chief Strategy Officer of Bitazza commented, “Not only is this an opportunity for us to work towards Lightnet’s commitment to serve the underbanked and unbanked in conjunction with Bitazza’s mass adoption plans, but it will also raise the standards of financial mobility and access throughout Asia. With this partnership, Bitazza can materialize our vision of an interconnected trade network through direct integration and easy access to local financial institutions and custodian services. By accelerating the reach and adoption of crypto technology through better infrastructure and terms, Bitazza is positioned as a crypto asset platform with a clear pathway towards connecting the masses to the crypto asset market as a whole.”
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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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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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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