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Bybit Unveils Elite Wealth Management to Elevate User’s Crypto Portfolios

Bybit Unveils Elite Wealth Management to Elevate User’s Crypto Portfolios

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 8 August 2023 – Bybit, one of CoinGecko’s top five most trusted crypto exchanges, is delighted to announce the launch of its Wealth Management product. Designed to cater to the needs of discerning investors, Bybit’s Wealth Management offers personalized solutions and attractive returns with minimized risk.

Bybit’s Wealth Management aims to deliver consistent returns through cutting-edge strategies and robust risk management, regardless of market conditions. It features tailored products, which address individual goals and risk tolerances, allowing investors to chart their unique paths to success.

Recognizing the importance of safeguarding capital, Bybit’s Wealth Management employs a low-risk approach, providing users with a secure environment for long-term growth. Launching in two phases, the Fund Pool is the first step, offering access to diversified assets managed by industry experts. Following this, Bybit will introduce Structured Products, expanding investment horizons for its users.

Bybit’s Wealth Management provides various asset growth methods, empowering investors to navigate the dynamic crypto market confidently. Wealth Management is an inclusive platform accessible to all users and also provides unparalleled benefits to high-net-worth individuals through its VIP system.

“We are thrilled to introduce Bybit’s Wealth Management, a product that embodies sophistication and prudence in the crypto investment space,” said Ben Zhou, co-founder and CEO. “With tailored options, stable returns, and low-risk strategies, our Wealth Management product offers seamless access to the exponential opportunities in the crypto market.”

Bybit’s Wealth Management also opens doors for potential collaborations with institutions, inviting industry players to explore strategic partnerships and collectively contribute to developing the crypto investment landscape.

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Tradewind Finance Provides Export Factoring Facility for Frozen Seafood Trader in Hong Kong

Tradewind Finance Provides Export Factoring Facility for Frozen Seafood Trader in Hong Kong

HONG KONG SAR – Media OutReach – 8 August 2023 – Tradewind Finance is pleased to announce it has closed a USD 700,000 export factoring facility for a frozen seafood trader in Hong Kong. The funding has been used to finance the company’s business operations and expansion plans, including their exports to buyers in the US and South America.

The Latin American frozen seafood market is estimated to continue its growth in the coming years, based on MarketDataForecast. And the main motivating factor is rising urbanization, which has stimulated the demand for convenient food products in this area.

With over 10 years of experience in the seafood business, the seafood trader generally sources products from mainland China and then exports them overseas. Though most transactions required T/T before shipment, some buyers requested open account terms with a 90-day credit period. As a result, their growth was hindered because of a lack of working capital.

In order to ease their tight cash flow, the company contacted Tradewind for the alternative finance provider’s tailor-made export finance products. The scalable non-recourse factoring solution met the exporter’s working capital demands, which had not been supported by bank financing in the past.

With the funding of USD 700,000 and credit protection, they were able to free up their cash flow, take advantage of new business opportunities, and continue to succeed in the competitive seafood market. Going forward, the trader can focus on their sales volume without worrying about having enough working capital on hand, especially when more buyers request extended payment terms.

“Though it was the first time the client used an export factoring service, they were able to get better control over their finances this way. They also plan to apply for an increase in their factoring facility after becoming more familiar with our services,” said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong, “We are committed to providing suitable and innovative financial solutions to companies looking to increase exports, accelerate cash flow and achieve their growth goals.”

Hashtag: #tradewindfinance

The issuer is solely responsible for the content of this announcement.

Tradewind Finance

Founded in 2000, maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Schneider Electric Sustainability Impact program reaches midterm milestone

Schneider Electric Sustainability Impact program reaches midterm milestone
  • Notable progress made with climate solutions, circularity initiatives and Access to Energy programs
  • Acceleration of sustainable supply chain activities expected in second half of program

HONG KONG SAR – Media Outreach – 8 August 2023 – Schneider Electric, the leader in the digital transformation of energy management and automation, today published details of its quarterly sustainability impact performance, alongside its half-year financial results.

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At the end of this quarter, the company is halfway through its Environmental, Social and Governance (ESG) program spanning 2021-2025. By measuring and disclosing progress every few months, Schneider Electric ensures a constant, enterprise-wide focus on meeting the program’s 11 global and close to 200 local targets.

The first two and a half years of the program were marked by substantial expansion of its initiatives to provide access to clean and reliable energy, notably in India. The steady growth of impact revenues and continued efforts to save and avoid customers’ CO2 emissions have also contributed to the progress made so far.

Following the structuring and deployment of tracks related to supply chain engagement, results are starting to show on sustainable packaging and materials and the reduction of top suppliers’ emissions. With the addition of its decent work initiative, Schneider Electric expects to accelerate its comprehensive sustainable value chain efforts from here on in.

Our sustainability impact initiatives are transformative, not quick wins. While some require longer to ramp up, we expect them to deliver significant results in the second half of the program,” said Gwenaelle Avice-Huet, Schneider Electric’s Chief Strategy & Sustainability Officer. “With only two and a half years left to reach our climate and social ambitions, we need to stay focused and mobilized to live up to our impact company principles: doing well to do good, and vice versa, and bringing everyone along on this journey too.”

Key second-quarter ESG highlights:

  • Received 11 iF Design Awards for our products dedicated to energy efficiency and circularity,
  • Ranked #1 on the Gartner Supply Chain Top 25 for 2023 after eight consecutive years on the list,
  • Partnering with governments and CEOs on the Versailles 10×10 action plan to double the rate of energy efficiency improvements by 2030 at the International Energy Agency’s (IEA) annual global conference,
  • 97.67% of shareholders supported Schneider Electric’s decarbonization plan in the first Say on Climate motion,
  • Recognized by the 2023 Transparency Awards, with a special prize for high-quality ESG information,
  • Certified by the Fair Wage Network for ensuring all employees are valued and compensated fairly for their work.

    At the end of the quarter, the overall Schneider Electric Sustainability Impact (SSI) score came in at 5.28, on track to reach the 2023 end-year target of 6 out of 10.

    Related resources:

    Hashtag: #ESG #Impactcompany



    The issuer is solely responsible for the content of this announcement.

    About Schneider Electric

    Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

    Our mission is to be your digital partner for Sustainability and Efficiency.

    We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

    We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

    Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on .

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

    Will Field to Rejoin Chubb as Head of Casualty, Asia

    Will Field to Rejoin Chubb as Head of Casualty, Asia

    SINGAPORE – Media OutReach – 8 August 2023 – Chubb announced today that Will Field will rejoin the company in Q1 2024 as the Head of Casualty, Asia. In this key role, Field will have responsibility for the management and performance of the company’s Casualty portfolio across Asia.

    Based in Singapore, Field will report to Chris Gough who was recently promoted to the Head of Property & Casualty, Asia.

    With almost 20 years’ experience, Field started his career as a commercial and insurance lawyer. He joined ACE in 2010 and worked with ACE and Chubb for 12 years in senior claims management roles, including Claims Manager, Casualty & Multinational, Asia Pacific and Head of Claims, Singapore. Most recently, Field was the Head of Claims in Asia Pacific for Everest.

    On announcing Field’s appointment, Gough said, “We are delighted to welcome Will back to Chubb – his technical knowhow and understanding of the legal environment across the region, coupled with his commitment to delivering superior customer service make him the ideal person to lead our growing Casualty portfolio in Asia.”

    Hashtag: #Chubb

    The issuer is solely responsible for the content of this announcement.

    About Chubb

    Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: .

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

    Toast to Lotte Duty Free’s 3rd Anniversary Deals on iShopChangi

    Toast to Lotte Duty Free's 3rd Anniversary Deals on iShopChangi

    Lotte Duty Free turns three! Join the festivities and discover incredible deals on Wines & Spirits, with up to 30% off selected products from an extensive range of over 800 duty-free alcohol options only on iShopChangi. Get more bang for your buck when you cart out with exclusive Lotte Birthday deals in Singapore and participate in the ultimate One-Day Mega Flash Sale happening on 19 August!

    SINGAPORE – Media OutReach – 8 August 2023 – From now to 30 September 2023, both non-travellers and travellers can revel in an array of special-bundle deals on Lotte Duty Free’s curation on iShopChangi. Whether you are looking to get your hands on limited-edition whiskies, cognacs, gins, beers, stouts, wines, or sake, Lotte Duty Free’s third-anniversary celebration will have something for everyone. Enjoy exclusive 2-tier gifts-with-purchase and mark your calendar for the One-Day Mega Flash Sale, happening on 19 August, to enjoy greater savings.

    lotte duty free 3rd anniversary

    A Toast to Liquor Exclusives and Deals for Travellers

    Whiskey enthusiasts are in for a treat from our wide array of distinguished brands like Macallan, Bunnahabhain, Glenmorangie, and Kavalan. Deal-seekers can look for picks such as the Jura 12 Year Old Sherry Cask to grab 15% off its original price and take a bottle home at just S$97.50. Or enjoy 25% off the Dewar’s 12 Year Old Reserve when you buy two bottles at a discounted price of S$61.96 each.

    Elevate your moments of indulgence with Cognac classics such as the Camus Borderies Special Dry, currently available at 10% off, at a reduced price of S$143.10.

    Step beyond familiar favourites like the Suntory Roku Gin and Hendricks and embark on a flavourful journey with award-winning expressions by Twenty Third Street. The bold collection of Twenty Third Street boasts an enticing range of spicy to citrus-based flavours that will invigorate your palate. Don’t miss the chance to try these acclaimed gins, now available at a fantastic 20% discount off their usual price per bottle. Add them to your personal stash at just S$62.86 when you snap up two bottles.

    For sweet libation lovers, Somrus offers a delightful array of cream liqueurs — from luscious mango to rich coffee and aromatic chai flavours — now at S$38.68, a 15% discount from its original price. Better yet, indulge in two or more bottles of selected award-winning cream liqueurs from Somrus and enjoy a fantastic 25% discount.

    Lotte Duty Free also brings in top Chinese baijiu brands such as Gujing Distillery, Shede and Wuliangye. Uncover hidden gems and timeless classics, like the Gujing Distillery Heritage Cellar. Now at S$261 with a 10% discount from its usual price, elevate your drinking experience with one of China’s most renowned white liquors.

    Looking for more liquor gems? Check out the exclusive travel-only liquor selections, specially curated to elevate your vacation experiences and make your getaway moments extra memorable. Whether you are seeking the perfect bottle to enjoy during your trip or looking for unique souvenirs to bring back home, our travel-exclusives have got you covered.

    Unearthing more liquor deals for non-travellers

    Unlock your own unique form of liquor getaways within Singapore by enjoying savings on classic wines from brands like Patriarche. Explore selections like Patriarche Meursault 2019 and Patriarche Père & Fils Cuvee Emotion Pommard 2016, now at an enticing S$166.50 and S$136.80, respectively, 10% off their usual prices. Stock up your cellar with a delightful duo of bottles and enjoy further reduced prices, thanks to a generous 15% discount.

    The captivating delights extend far beyond August as more discounts and offers continue to enthral non-travellers until the end of September. Till 30 September, sip, savour, and repeat with the Edinburgh Gin Lemon & Jasmine from Edinburgh Gin at a price tag of only S$62.90, 20% off its usual price.

    Secure Flash Vouchers for the Ultimate One-Day Mega Flash Sale & Gifts-with-Purchase

    Mark your calendar for Lotte 3rd Anniversary’s One-Day Mega Flash sale, happening on 19 August 2023. Use the code <LOTTE3BD> for 12% off*, with no minimum spend requirement (discount capped at S$100).

    In the meantime, elevate your drinking rituals with our exclusive 2-tier gifts-with-purchase offer.

    Spend a minimum of S$180 on Lotte Duty Free products to receive a free Cocktail Shaker, adding style and flair to your favourite libations. Take it to the next level by spending S$880 or more on Lotte Duty Free products online, and receive a complimentary Aerator for stylish pouring and good vibes.

    Don’t miss this opportunity to elevate your drinking experience with these exclusive gifts, available while stocks last.

    *Only applicable on selected products retailed by Lotte Duty Free. T&Cs apply.

    Party it Up with Lotte and Let Luck Be on Your Side

    Unlock a world of extraordinary opportunities alongside the birthday bash galore with Changi. By spending S$50 or more on iShopChangi using Changi Pay, you not only treat yourself to fantastic products but also quadruple your chances of becoming a Changi Millionaire, with the chance to win S$1 million or even a Porsche Macan!

    But that’s not all. As a new iShopChangi user, your journey begins with exclusive perks. Enter the code <ISCNEW20> at checkout when you spend a minimum of S$79 and slash an additional S$20 off your first purchase. Cart out with a minimum spend of S$50 using Changi Pay, and enjoy S$10 off.

    Jet-setting across the globe? Enjoy the ultimate convenience and flexibility by shopping for your favourite spirits up to 30 days in advance and as close as 12 hours before your flight. Collect your order at the various Departure and Arrival Collection Centres. Alternatively, have it conveniently delivered to a local residential address for free with a minimum spend of S$59; an S$8 delivery fee applies for orders below S$59.

    As a non-traveller, you can also shop with peace of mind at tax and duty-absorbed prices on iShopChangi. Enjoy free delivery to your Singapore residential address when you spend a minimum of S$59. Alternatively, choose to pick up selected products from the Jewel Collection Centre – no minimum spend is required.
    Hashtag: #ishopchangi


    The issuer is solely responsible for the content of this announcement.

    About iShopChangi

    iShopChangi was launched in 2013 as an extension of Changi Airport’s promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store – and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website – Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

    One Storage Advances Tech Frontier with New AI Mobile Application System

    One Storage Advances Tech Frontier with New AI Mobile Application System

    HONG KONG SAR – Media OutReach – 8 August 2023 – In tune with evolving post-pandemic market demands, One Storage Management Limited has meticulously refined its intelligent management system. The centerpiece of this evolution is the introduction of an advanced AI mobile application. This forward-thinking application elevates service quality and makes mini storage management seamless for both customers and employees. It also incorporates a big data infrastructure, enabling users to inspect warehouse locations remotely and make online payments, thus offering notable time savings.

    Reflecting One Storage’s commitment to staying abreast of market trends and consumption patterns, it has noted an increased emphasis on digital accessibility, safety, and convenience in mini storage rentals since the pandemic. In response, it introduced instant-use discount cash vouchers on its online store this year, a move that has been well-received by customers. Additionally, One Storage continues to offer a range of flexible payment options to enhance the overall user experience.

    One Storage places a high emphasis on the personal and property safety of customers. All branches’ designs and equipment refer to the latest fire regulations and have an emergency power supply system to avoid accidents due to unstable power supply in the building or area. In addition, each branch also has a 24-hour intelligent security system to increase privacy and security levels.

    One Storage leverages its professionalism and resources to contribute to society. The company currently provides low-cost or free services to several charitable organizations or their members, including Oxfam Hong Kong, People Service Centre, and Praxis (HK) Charity Limited, supporting their community service work through professional storage services, and actively participating in their charity activities. For this, One Storage has received the “Caring Company” award, acknowledging the company’s contribution to the community.

    One Storage 迷你倉 provides various discounts for customers, including new customers can enjoy online cash voucher discounts, customers can purchase and use immediately, saving time and convenience; there is also a customer referral reward program, 40% discount event, transportation fee rebate, etc., and accepts EPS, cheque, credit card, FPS, WeChat and other payment methods. It is also one of the few mini storages in Hong Kong that offers interest-free installment payments, allowing customers to pay a few hundred dollars every month to expand their living space and improve their quality of life.

    Website: https://onestorage.com.hk

    Hashtag: #storage #hongkongstorage #selfstorage #OneStorage


    The issuer is solely responsible for the content of this announcement.

    About Soundwill Group and One Storage Management Company Limited

    Soundwill Group, keen on diversifying its portfolio to balance investment risks and augment profitability, has energetically broadened its mini storage business venture – One Storage Management Limited. Established in 2018, One Storage is committed to delivering top-tier, professional storage solutions, assisting clients in managing their diverse storage requirements and reclaiming their space and joy in life. One Storage has been fervently extending its footprint, now boasting 42 branches strategically located across Hong Kong, Kowloon, and the New Territories. This wide coverage allows One Storage to offer its customers an extensive range of accessible and thoughtful services.

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

    Amari Kuala Lumpur Wins Luxury Lifestyle Award for Best Luxury City Hotel in Malaysia

    Amari Kuala Lumpur Wins Luxury Lifestyle Award for Best Luxury City Hotel in Malaysia

    KUALA LUMPUR, MALAYSIA – Media OutReach – 8 August 2023 – Amari Kuala Lumpur is delighted to announce that it has been named the winner of the Luxury Lifestyle Award for Best Luxury City Hotel in Malaysia for 2023. Operated by ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry with over five decades of management experience, Amari Kuala Lumpur is a shining example of the company’s commitment to excellence.

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    The Luxury Lifestyle Awards is a global awards programme that recognises excellence across the whole range of industry sectors. The awards are held annually and are judged by an independent panel of experts.

    Amari Kuala Lumpur was chosen as the winner of the Best Luxury City Hotel in Malaysia category for its impeccable reputation and professional performance. The hotel was praised for its luxurious facilities, excellent service, and its commitment to providing guests with a memorable experience.

    “We are honoured to be named the winner of the Luxury Lifestyle Award for Best Luxury City Hotel in Malaysia,” said General Manager of Amari Kuala Lumpur, Ms. Susan Anthony. “This award is a testament to the hard work and dedication of our team, and it is a reflection of our commitment to providing our guests with the very best in luxury hospitality.”

    Recognised as one of the most prestigious awards in the luxury hospitality industry, and Amari Kuala Lumpur is proud to be a recipient of this award. The hotel looks forward to continuing to provide guests with an exceptional level of service and to maintaining its position as one of the leading luxury hotels in Malaysia.

    Located in the heart of KL Eco City, the city’s most vibrant business and entertainment district, Amari Kuala Lumpur is just steps from The Gardens Mall and the Mid Valley Megamall, and just 45 minutes from KLIA. It is also directly connected to LRT and KTM commuter stations and is surrounded by international corporate offices including Mercu 2 and 3, Aspire Tower, The Gardens North Tower and South Tower, Centrepoint and Menara IGB.

    The hotel’s 252 guest rooms and suites are warm and bright, each one brimming with modern amenities, spacious workspaces and floor-to-ceiling windows. Any stay at one of the hotel’s Club Deluxe or Club One Bedroom Suites also includes many exclusive benefits across the hotel such as complimentary evening cocktails and meeting room use.

    For more information and reservations visit https://www.amari.com/kuala-lumpur

    Hashtag: #AmariKualaLumpur #BrightenYourWorld #AmariHotels #KualaLumpur

    The issuer is solely responsible for the content of this announcement.

    About Amari

    The Amari collection of hotels and resorts by ONYX Hospitality Group brings to life a contemporary re-imagining of Thailand’s rich cultural roots and the influence of its dynamic creativity to locations both near and far. Each property in the Amari portfolio highlights the textures and flavours of its unique setting through architecture, design, art, cuisine and service complemented by touches of contemporary Thai-ness. Amari’s network of properties spans Thailand and beyond, from scenic seaside locations to vibrant urban settings, including Bangkok, Phuket, Koh Samui, Hua Hin, Pattaya, Krabi, Buriram, Dhaka, Maldives, Vang Vieng, Penang, Johor Bahru and Kuala Lumpur. Visit

    About ONYX

    ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX also operates additional hospitality services across spa and food and beverage. With over five decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

    Abagold Auction Sets Records with 25k Investment Grade Abalone Catapulting Company to New Heights

    Abagold Auction Sets Records with 25k Investment Grade Abalone Catapulting Company to New Heights

    HONG KONG SAR – Media OutReach – 8 August 2023 – The first ever Abagold Dried Abalone Auction – Abagold 25K Investment Grade Abalone Auction Dinner took place at the home of abalone, Hong Kong, on 21 June 2023. This premier event set a new standard of excellence in the industry, demonstrating Abagold’s unparalleled expertise in the production of the world’s finest quality abalone, and making hand-selected dried abalone items available on auction to exclusive invitees. The introduction and launch of ‘Investment Grade’ abalone catapults Abagold to the forefront of this very traditional market. All 24 auction lots of ‘Investment Grade’ abalone drew immense interest from over 65 international buyers, reaching unprecedented prices in both the live and silent auctions.

    Abagold-pressRelease.jpg

    With a heritage spanning over two and a half decades, Abagold is South Africa’s largest abalone producer and exporter of premium live, canned and dried abalone to markets worldwide. Abagold strives to maintain the legacy of its farmed and ranched abalone, with their long maturation potential, in line with the company’s proud reputation for the production of this fine gourmet item.

    Sustainability lies at the core of Abagold’s operations. Celebrating 25 years of operations, the company has also adopted the ‘Six Capitals’ model, as recommended by the International Integrated Reporting Council. Abagold maintains sustainability through initiatives in renewables, conservation and environmental stewardship. These ongoing commitments resulted in Abagold winning the prestigious “Friends of the Sea Award for Aquaculture” in 2022, recognizing the company’s sustainable aquaculture practices, renewable energy programme and environmental initiatives.

    The auction featured 24 lots of ‘Investment Grade’ abalone, displayed in unique packaging formats, which will appreciate in value as they mature over the coming years. Presenting ‘Investment Grade’ abalone at the auction highlights Abagold’s commitment to cultivating the finest quality abalone through meticulous farming, precisely timed harvesting, and specialised drying and packaging methods. The top-rated selected lots showcased the exceptional calibre of Abagold’s products and expertise.

    To reflect on some of the highlights of the evening, we share some results of the auction.

    Lot 9, named ‘Zwelihle’, after the local community that borders the abalone farm in Hermanus, carried one of the top investment grade ratings of 95 and recorded the highest documented price paid for 25 catties of 25-year-old dried abalone. After some very lively competition between buyers, the successful bidder paid over HK$70,000 for this auction lot.

    Another successful item was lot 1, named ‘Perlemoen’, the common term for abalone in South Africa, and this item attracted attention amongst many collectors and with an investment grade rating of 95, the 2,5 catties of 25-year-old dried abalone were displayed in their polished shells on a one-of-a-kind wooden frame and was eventually sold for HK$32,000.

    The most uniquely packaged lot of dried abalone was lot 7, ‘Fynbos’, named after the unique floral kingdom of the Western Cape. The dried abalone in this lot were displayed in boxes in the shape of one-of-a-kind gold bars. The bidding was fierce for this lot, and it was eventually sold for HK$70,000 for 20 catties of 25-year-old, 3-head-sized abalone.

    The featured lot that got bidders so fired up that the auctioneer was obliged to restore order to the proceedings, was one of the silent auction items. In this lot 19, named ‘Langbaai’, after one of the renowned Hermanus beaches, 50 pieces of 100g-plus dried abalone, were displayed in a specially designed hatbox. This lot was sold for HK23,000 via the silent auction process at the end of the evening.

    All the abalone made available at the auction were cultivated and grown for many years under the supervision of Abagold and harvested at optimum times of the year. The dried product was preserved for more than one year after the harvest, dried using Abagold’s renowned Kipin and Monpau techniques, selected and prepared for sale.

    Tim Hedges, Managing Director of Abagold, emphasised that producing premium abalone requires specialised farming and rearing techniques. “We aspire to advance the value of abalone farming while safeguarding our sustainable farming practices. Our vision for this auction was to set the standard for potential future global platforms and auctions where farms can showcase their dried products, nurturing a new generation of aqua culturists delivering lasting investment grade abalone to the world.” He added that one of the most pleasing outcomes from the auction was that 10% of the proceeds that were donated to the Abagold Development Trust. (ADT). “The funds raised will aid the numerous invaluable developmental initiatives this charitable trust carries out in the communities of Hermanus where most of our employees reside and raise their families.”

    As Hedges finally commented: “We cannot hope to produce sustainable, iconic abalone without special attention to the farming and raising of this unique species. Abagold leads the industry in this respect, ensuring the enjoyment and future value of abalone, together with best practice in the marine farming industry.”
    Hashtag: #Abagold

    The issuer is solely responsible for the content of this announcement.

    About ABAGOLD

    ABAGOLD cultivates abalone, the world’s most desirable seafood, in close harmony with nature at the southernmost tip of Africa. Unique to South Africa’s coastline, the Haliotis Midae abalone species thrives where the pristine cool waters of the Atlantic Ocean provide the vital nutrients and environment for the production of only the highest quality abalone.

    ABAGOLD is the largest abalone producer in South Africa and exports its premium abalone under its registered Chinese trademark. The farms’ abalone is processed in a world-class ISO 22000-accredited facility and sold on a sustainable basis through established marketing and sales channels. ABAGOLD exports live, canned, frozen and dried abalone all over the world, building lasting relationships with customers and consumers.

    ABAGOLD is based in the fishing, tourist and whale watching village of Hermanus, two hours drive east of Cape Town in South Africa, and is the largest private sector employer in the region.

    In 1995, the founders, Pierre and Jane Hugo, Paul Kruger, Dykie Van Dyk, Etienne Rossouw and Johannes Hamman, invested their time and money to establish Abagold and to promote the commercial farming of abalone in Hermanus. Now over 25 years later, this unique and special auction event, so well represented by this book, provides the perfect opportunity for Abagold to celebrate this impressive milestone.

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    This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.