• Synagie, the exclusive e-commerce solutions enabler of KOSÉ marked a recordbreaking launch of its first official flagship store on LazMall in Southeast Asia

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 pleased to announce the record-breaking launch of KOSÉ, a Japanese multinational beauty brand in Singapore, Malaysia and Thailand on Lazada.

Executive Director of Synagie, Ms Olive Tai commented, “We are heartened by the overwhelming response to KOSÉ’s inaugural launch on LazMall in Southeast Asia. As KOSÉ’s exclusive e-commerce solutions enabler, we are immensely gratified to be given the opportunity to manage its flagship stores and achieve a high volume of orders for the brand. We will continue to propel its efforts for further expansion in the region. We look forward to setting new sales record in our partnership with KOSÉ and Lazada through our integrated end-to-end commerce platform.”

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KOSÉ Corporation (TYO: 4922) (“KOSÉ”), Lazada Group (“Lazada”), and Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”) are proud to announce the grand opening of KOSÉ’s first official flagship store on LazMall in Southeast Asia.

As part of this venture, Synagie will be KOSÉ’s exclusive solutions enabler to facilitate its end-to-end online commerce process in Lazada including the management and operations of KOSÉ’s flagship stores on Lazmall to propel the brand’s effort to engage consumers across the region.

Executive Director of Synagie, Ms Olive Tai commented, “We are truly honoured to collaborate with KOSÉ and Lazada. As KOSÉ’s exclusive eCommerce enabler, we believe our technology capabilities and regional network will be a value-added edge to assist KOSÉ’s plans to expand
its regional growth.”

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  • 2Q2020 revenue increased to RM114.71 million, bolstered by higher contribution from its newly acquired Brand Connect Group
  • Prudent capital management, healthy cash position
  • Declares interim dividend of S$0.005 per share

Duty Free International Limited (SGX: 5SO) (“DFI”, the “Company”, or collectively with its subsidiaries, the “Group”), the largest multi-channel duty free and duty paid retail group in Malaysia with strategic locations across Peninsular Malaysia, today announced its financial results for its second quarter (“2Q2020”) and half year (“1H2020”) ended 31 August 2019.

Business Outlook
During the quarter, the group declared an interim dividend of S$0.005 per share. In addition to dividends return, DFI returned value to shareholders through numerous share buybacks over the last few years. During 2Q2020, DFI purchased another 3.3 million shares, showing confidence in the company’s progress and development.

With the present economic condition and variation in foreign currencies, especially the Ringgit Malaysia against the US Dollar coupled with the competitive business environment, the Group’s business performance is anticipated to remain challenging for the following 12 months. The Group will continue its efforts to enhance the range of its products and quality services, together with close monitoring of the key cost drivers. Additionally, the Group will also continue to strengthen its operational efficiency and tighten its cost control measures to remain competitive and profitable.

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● 1QFY2020 Net Profit attributable to shareholders increased 38% year-on-year to S$1.2 million
● Revenue up 27.9% year-on-year to S$4.9 million
● Heliconia invested S$5 million to augment Group’s expansion plans in ASEAN

HC Surgical Specialists Limited (SGX:1B1) (“HCSS”, or collectively with its subsidiaries and associated companies, the “Group”) today announced its financial results for the three months ended 31 August 2019 (“1QFY2020”).

Annotating on the Group’s 1QFY2020 results, Chief Executive Officer of HCSS, Dr. Heah Sieu Min said, “Our performance during the quarter is a testament to our team of dedicated doctors and staff who continue to perform well as a result of our platform strategy, which enabled them with the necessary operational support and patient referrals for growth.”

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  • Magic Micro, KOSDAQ-listed, South Korean electronic component company is the second major shareholder with 20.3% stake, after state owned enterprise, China Capital Investment (Group)
  • Raffles Infrastructure and Magic Micro to explore potential partnerships in infrastructure and Smart City Projects

Raffles Infrastructure Holdings Limited (SGX: LUY) (“Raffles Infrastructure” or the “Company”), together with its subsidiaries (the “Group”), is pleased to welcome KOSDAQ-listed Magic Micro Co., Ltd (MMC), as the Group’s new synergistic controlling shareholder with a 20.3% stake, following its acquisition of 13.8 million shares for about S$6.9 million (or S$0.50 per share) on 10 September 2019 and also to announce the signing of Memorandum of Understanding (“MOU”), to establish strategic cooperation in infrastructure investment opportunities in the global market.

Mr Eric Choo, Chief Executive Officer of Raffles Infrastructure, commented, “I couldn’t be more thrilled to welcome Magic Micro into the RI family, as the Group’s new controlling shareholder. This is the beginning of our synergistic partnership, the benefits of partnering with Magic Micro are immeasurable. Together, we will unlock wider suite of opportunities globally. We are looking to tap into Magic Micro’s technological expertise and network for future projects. This is a vote of confidence in our long-term strategy of investing in Asia’s infrastructure, and we look forward to partnering together to transform cities.”

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