Vividthree Holdings Amplifies Growth with an Investment in Award-Winning Technology Pioneer XMI Group
- XMI Group Pte Ltd’s Over The Top (“OTT”) Streaming platform is an alternative for content and music with gamified elements, providing an immersive experience for users
- Gateway to introduce Vividthree’s Virtual Reality (“VR”) production via the OTT Streaming platform
- Vividthree to subscribe up to S$1.5 million Convertible Notes in XMI
Vividthree Holdings Ltd. (SGX: OMK), a virtual reality, visual effects and computer generated imagery production studio (“Vividthree”, the “Company” or the “Group”) today announced its subscription of up to S$1.5 million Convertible Notes in XMI Group Pte Ltd (“XMI”) (the “Vendor”), which can be converted into shares in the capital of XMI.
Through Vividthree’s investment into this content streaming company – XMI, it is envisioned that XMI’s OTT Streaming platform will encourage the rise of VR entertainment at home, allowing Vividthree to consolidate its long-term interest in aggregating and distributing high-quality VR content to consumers worldwide.
The investment is likely to prepare the Group for the arrival of 5G network, as it leverages on this technology breakthrough to create Nextertainment (Next Generation of Entertainment) – fresh experiences in media consumption that allow consumers real time interaction with high quality immersive media with no latency, anywhere and anytime.
Managing Director of Vividthree, Mr Charles Yeo commented, “The investment in XMI is in line with our growth plans and has strategically placed ourselves in a better position to expand our business at a faster pace and fortify our presence in the technology sector. As a regional forerunner of content creation in immersive media, we want to create Nextertainment with the arrival of the upcoming 5G network. We will continue to fuel our growth with organic and inorganic strategies as we explore further synergies with potential technology and media-related companies.”
Synagie Corp share price up 12% at 13:32am, approx 16 million of shares traded after the announcement that the Group appointed as cross-border e-commerce initiative partner for its seller adoption programme under the National eCommerce Strategic Roadmap.
Read more about CEO Mr Zhang Liu Cheng – Production boost lifts Sinostar PEC’s earnings; third plant with better product mix being built
Entertainment- Cinemas, Exhibition, Concerts… Cinemas voted as an inexpensive form of entertainment. People who love movies, like us, will tell you that watching a movie in a cinema is preferable than at home- the audio-visual impact, as well as the societal experience of watching with your friends or complete strangers as a collective group make going to a cinema unique and magical.
The plethora of viewing options at home—from streaming video to cable TV (especially the addiction of watching series like Game of Thrones and Grey’s Anatomy in your fav pyjamas)—mean that bricks and mortar cinemas are facing a battle to attract audiences?
Fundamentally the cinema business is not about selling a ticket to a movie, it’s about selling the popcorns and experience. We see cinemas being much more attentive in changes in people’s taste, from more high-end food offerings, premium beverage offerings and luxurious seats. We all need the “excuse” of a date-night with our loved ones and friends.
This year, China wrapped up the first six days of the Chinese New Year with a record-breaking 5.8 billion ($860 million) yuan box office, according to data collected by Maoyan, Alibaba’s movie ticketing service slated for an initial public offering.
Alibaba (NYSE:BABA)- the Chinese e-commerce king has taken a 7.7% ownership stake in Wanda Film Holding, the movie unit of Dalian Wanda Group. Wanda owns top U.S. movie theatre chain AMC Entertainment (NYSE:AMC) with over 1,000 theatres and 11,000 screens across the globe.
In 2018, the total number of screens in China reached 60,079, up 18% over the previous year. This meant that more than 9,000 screens were added in 2018. So far this year, the trend has continued, with the building of 511 additional cinemas boasting over 3,200 screens.
Synagie Inks Deal with China’s Largest Wechat Solutions Provider to help SMEs in Southeast Asia penetrate China’s behemoth Social e-commerce Market
- Synagie to offer first-of-its-kind, one-stop business solution to help SMEs grow their online cross-border business and fulfil cross-border orders to consumers in China
Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-commerce strategies using its cloud-based platform, is delighted to announce that it has signed an agreement with a wholly-owned subsidiary of Hong Kong Main Board listed Weimob Inc (HKG: 2013) (“Weimob”) to offer its integrated crossborder e-commerce and advertising solutions that will help SMEs in Southeast Asia (“SE Asia”) penetrate China’s behemoth social e-commerce market.
Weimob is China’s leading cloud-based commerce and marketing solutions provider and also the largest third-party service provider for SMEs in the WeChat ecosystem, which has more than 1 billion monthly active users. It offers advertising solutions that covers the entire Tencent ecosystem, Baidu and Q&A platform – Zhihu to help merchants drive traffic.
Through this agreement, Synagie will leverage on Weimob’s e-commerce enablement solutions and deep domain expertise in the China e-commerce market to offer an end-to-end solution via Synagie’s cloud commerce platform that will allow SMEs in Singapore and SE Asia to penetrate China’s social e-commerce market. Synagie’s end-to-end solution will cover the entire commerce value chain from setting up SMEs’ WeChat official account to digital store management, content translation, digital marketing and smart supply chain for fulfilling crossborder orders to consumers in China.
CEO & Executive Director of Synagie, Mr Clement Lee commented, “No more worrying about logistics, warehousing or how to engage new customers in different countries. All a SME needs is an internet browser to manage and grow their multi-channel or cross-border online business in Southeast Asia and China. We believe this is the future of commerce and one that is well suited for SMEs as no upfront investment is required. We are looking at a “new partnership model” with our customers where we will take a percentage of sales when we help them sell.”
New Endoscopy Centre by HC Surgical Specialists With the Incorporation of New Subsidiary – HC (Ming) at Camden Medical Centre
- Increase Group’s presence in Central Singapore
- Number of endoscopy centres expanded to 10
Catalist-listed HC Surgical Specialists Limited (SGX:1B1) (“HCSS”, or collectively with its subsidiaries and associated companies, the “Group” or the “Company”) today announced that it has, together with Medistar Services Pte. Ltd. (“Medistar”), incorporated a subsidiary in Singapore known as HC (Ming) Pte. Ltd. (“HC Ming”) for the provision of medical services.
HC Ming was incorporated on 6 June 2019 in the Republic of Singapore, with HCSS and Medistar holding 80.0% and 20.0% of the total issued share capital in HC Ming respectively. HC Ming will set up an endoscopy centre within The Ming Clinic, bringing the Group’s network of endoscopy centres to ten and further enhancing HCSS’s presence in central Singapore.
Chief Executive Officer of HCSS, Dr. Heah Sieu Min commented, “We are privileged to partner with Medistar, our future associated company. Our new endoscopy clinic will be strategically situated within The Ming Clinic, allowing us to tap on the clinic’s ready pool of patients. The strategic positioning of the clinic, which is located within Camden Medical Centre, a private medical centre that houses over 150 doctors, may also provide a vast consortium of patient referrals for the Group. Through our strategic incorporation of HC Ming, we look forward to providing a wider range of quality medical services with more options made available to all in the heart of Singapore.”
Read about how CEO Leslie Ong, switches focus from China to the West, develops new revenue streams
UnUsUaL reports 32% higher FY19 earnings of $13.2 mil on improved revenue & margins
27/05/19, 06:37 pm
SINGAPORE (May 27): UnUsUaL Limited has reported $13.2 million in net profit for the FY19 ended March, representing a 32% increase from FY18 net profit of $10 million due to higher revenue and improved margins.
Revenue for the full year rose 22.6% to $56.9 million compared to $46.4 million a year ago.
The topline growth was mainly attributed to higher revenue contributions from the company’s Promotion and Others segments.
In line with the higher revenue, gross profit grew by $5.1 million to $23 million for the full year, while operating expenses increased 16.6% to $6.9 million.
Gross and net profit margins grew by 1.8 and 1.6 percentage points to 40.4% and 23.2%, respectively, over FY19.
Going forward, UnUsUaL says it is looking towards a “reasonable [financial] performance”, having established promotion and production plans for “globally appealing shows” for the next 12 months in view of the competitive and challenging local & regional live entertainment industries.
Commenting on the group’s “stellar” FY19 earnings, Leslie Ong, CEO of UnUsUaL, says the latest set of financial earnings is a reflection of the company’s capabilities as one of the leading industry names in Asia.
“As we keep up our momentum and chart further growth in the forthcoming year, we will continue to improve operations and strive to strengthen our business with even more global- acclaimed live entertainment IPs that value-add and boost our target audience beyond the traditional concert goers,” says Ong.