My Cart 0
SINOSTAR PEC 1Q2019 RESULT UPDATES
中星石化2019年第一季度净利润激增82%
- Revenue rose 85% Y-o-Y to RMB 979.5 million driven by maiden contributions from newly acquired subsidiary, Dongming Qianhai at end of FY2018
- 由于2018财年末新收购的子公司东明前海的贡献，
中星石化的收入同比增长85％，达到979.5百万元 - Net profit grew 82% Y-o-Y to RMB 38.8 million
- 净利润同比增长82%，达到38.8百万元
The Group’s propylene production plant at Dongming Qianhai has been in stable production since the start of FY2019, and began contributing to our group in the past quarter.
Polypropylene is the most important derivative of propylene and is calculated to form more than 70% of propylene demand. In tandem with our expanded propylene production capacity, the Group is constructing a new polypropylene plant and presently at the piling completion stage. The construction of the polypropylene production plant is estimated to complete by the third quarter of fiscal year 2020.
The Group will continue to focus on cost efficiency along with increasing frequency in cost budget review, and remain cautiously optimistic about its ability to achieve profitability in 2019.
Mr Zheng Liucheng, Chief Executive Officer and Executive Director of Sinostar PEC, commented, “We are really pleased with our 1Q2019 results. With the consolidation of Dongming Qianhai, we have beefed up our production capability and expertise to produce more value-added products such as MTBE and Isobutylene. We will continue to execute on our expansion plans while being mindful of our cash flow and gearing to maximize shareholder value”
Download Press Release (Chi) Sinostar_PR_1Q19 chi version-1
Synagie Signs New Brand Partner with Luggage Giant,
Samsonite
- Manage the online sales of Samsonite, Samsonite Red, American Tourister, Lipault and Kamiliant in Malaysia
- Marks the Group’s entry into the Travel & Lifestyle e-commerce sector
It has signed an agreement with Samsonite Malaysia Sdn Bhd (“Samsonite Malaysia”), a wholly owned subsidiary of Samsonite International SA (“Samsonite International”), the world’s largest luggage manufacturer, extending the Group’s burgeoning portfolio of over 270 brand partners, which has surged more than 45.2% since 2017.
Through this agreement, Synagie will assist in the management of the online sales of Samsonite International’s brands including Samsonite, Samsonite Red, American Tourister, Lipault and Kamiliant across leading e-commerce platforms – Lazada, Shopee and Zalora in Malaysia. The Group’s integrated platform will enable Samsonite Malaysia to engage online effectively, by managing or automating its e-commerce process. The onboarding of Samsonite Malaysia as one of its brand partners, marks the Group’s foray into the Travel & Lifestyle ecommerce sector, further diversifying the Group’s potential revenue streams from the region.
Executive Director of Synagie, Ms Olive Tai commented, “We are truly honoured to be awarded with this opportunity to work with Samsonite, the world’s largest luggage manufacturer. It is a continued testament to the trust and faith that established brands entrust in us, as well as an affirmation of our ability to help businesses shift online and meet consumers’ needs. We will continue our momentum to buttress our leadership position in the e-commerce enablement sector in Southeast Asia.”
Singapore, September 25, 2018 – Vividthree Holdings (OMK:SI), a virtual reality (“VR“), visual effects and computer-generated imagery production studio (“Vividthree“, the “Company” or the “Group“) today made its successful listing on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST“). The placement of 51,800,000 new shares (“Placement Shares”) priced is expected to raise gross proceeds of S$12.95 million.
To read more about the press release, click here.
Vividthree Productions to team up with Slightly Mad Studios (SMS), a renowned UK-based video game developer, to develop VR arcade game for use in location-based entertainment and based on the engine that powered Project CARS 2.
Project CARS 2 is a motorsport racing simulation game released in 2017, created by gamers and tested by a team of world-class racing drivers. Esports racing series featuring Project CARS 2 have been announced from New Zealand to the UK and feature partnerships from major automotive partners to racing-specific brands.
Click here to Press Release.
Vividthre Holdings Limited (SGX:OMK) had a thrilling ride this October. Earlier this month, their Train to Busan virtual reality (VR) thematic tour show debut at the Busan International Film Festival (BIFF) Asian Film Market from the 6th to 9th October 2018, giving participants an experience of “real-life” zombie action.
The Train to Busan VR tour arnered positive applause from visitors and has put Vividthree on the map as a strong VR content producer as the company plans to acquire more Intellectual Properties and build more exhibit sets.
Click here to Press Release.