LONDON, Sept. 18, 2024 /PRNewswire/ — Polus Capital Management ("Polus"), a leading investment management firm specialising in alternative credit strategies, today announces that it has secured a capital commitment for its Special Situations strategy from a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA). Following the commitment, Polus’ Special Situations strategy has approximately $5 billion of assets under management[i].

Polus’ Special Situations strategy focuses primarily on secondary investments in bonds and loans as part of opportunistic, stressed or distressed situations arising from idiosyncratic or cyclically driven dislocations to corporate enterprise values or hard asset values. Polus’ Special Situations team has been working together for over ten years, during which time it has developed a differentiated and proven track record.

ADIA’s investment is a strong endorsement of the high quality and attractive characteristics of Polus’ Special Situations strategy and further adds to Polus’ predominantly institutional investor base which includes pension funds, insurance companies, endowments, foundations, sovereign wealth funds and family offices.

Nicholas Chalmers, Chief Executive Officer of Polus Capital Management, said, "ADIA’s capital commitment reflects the growing strength and success of Polus’ diversified alternative credit platform. We look forward to the ongoing development of our business while continuing to prioritise the delivery of compelling risk-adjusted returns as we navigate opportunities in credit markets throughout the cycle."

Robert Dafforn, Chief Investment Officer of Opportunistic Credit at Polus Capital Management, said, "We are delighted to welcome ADIA’s subsidiary as an investor and are increasingly excited about the opportunity set for our Special Situations strategy. We believe the coming years will prove especially favourable for our differentiated investment approach and rewarding for our investors."

Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, "Polus is one of the leading alternative credit managers in Europe with a large, experienced team, a differentiated strategy and a strong track record. We look forward to capitalising on a growing market opportunity through our capital commitment in Polus, which has built deep expertise in providing bespoke, innovative solutions in a range of situations."

About Polus Capital Management

Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Following the commitment, Polus has approximately $11 billion in assets under management[ii] and invests across the capital structure and liquidity spectrum, focusing on three complementary strategies: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York.

For more information: www.poluscapital.com 

About Abu Dhabi Investment Authority 

Established in 1976, ADIA is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

For more information: www.adia.ae 

Media Enquiries 

Greenbrook – Rob White / Ksenia Galouchko
[email protected]
Tel: +44 (0) 20 7952-2000  

[i] AUM refers to assets under management and advice and includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations.

[ii] AUM refers to assets under management and advice and includes CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of each other nor of Polus, but Polus established them and provides them with seconded portfolio managers and support services. AUM includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations.

Source : Polus Capital Management Secures ADIA Commitment for Special Situations Strategy

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Moomoo Singapore received the prestigious award at the SIAS Investors’ Choice Awards Recognises Moomoo Singapore’s commitment to democratise investing for all Holds added significance for Moomoo Singapore as we hit more than 1 million users

SINGAPORE, Sept. 18, 2024 /PRNewswire/ — Moomoo Financial Singapore Pte. Ltd. ("Moomoo Singapore") has been named the Best Retail Broker in Singapore by the Securities Investors Association (Singapore) ("SIAS") — for the second consecutive year. 

Mr Gavin Chia, CEO of Moomoo Singapore, received the prestigious award at the SIAS Investors’ Choice Awards Dinner on Tuesday, 17 September 2024. The event was graced by Guest-of-Honour, Mr Tharman Shanmugaratnam, President of Singapore, as well as Mr Goh Chok Tong, Emeritus Senior Minister.

"We are honoured to be recognised as the Best Retail Broker in Singapore for the second year running. This prestigious accolade recognises our unwavering commitment to be the leading broker of choice for retail investors in Singapore, and is testament to our dedication to provide an exceptional investment platform for all," Chia said.

"Our successful defence of the Best Retail Broker award this year has added meaning and significance for Moomoo Singapore, as we achieved the one million user milestone in Singapore earlier this year. With 1 in 3 Singapore residents now using our platform in pursuit of their investment goals, this award reaffirms our growing reputation as the investment platform of choice for those in Singapore," he added.

The Best Retail Broker Award caps off a strong quarter for Moomoo Singapore, and follows closely on the heels of two other accolades  — the Investment Tech of the Year Award at the Asia Fintech Awards 2024, as well as the Investment Product Innovation of the Year (Singapore), awarded as part of the Asian Banking & Finance Retail Banking Awards 2024.

"The numerous accolades we have received reflect the dedication we have invested in building and improving the moomoo platform. We remain committed to further strengthening our technology capabilities to ensure we provide our clients with the most effective tools to support their success in their investment journeys."

Slew of Achievements

Today, moomoo offers a wide range of tech features on its platform. They include:

Industry Chain: Helps investors gain an intuitive and comprehensive understanding of upstream and downstream industries by mapping the industrial chains of HK stocks, US stocks, and A-shares with its knowledge mapping algorithm. Institutional Tracker: Investors can see their favourite institutions such as Berkshire, Soros, or Ark Investment, as well as the stocks that these institutions are holding. This allows them to mimic the movements of the trading strategies of these institutions. Advanced Stock Screener: Contains more than 100 advanced stock screening indicators, making it the most comprehensive stock screener on the market with low latency and real-time calculations. Patented charting tools: With 38 drawing tools and more than 60 technical indicators, as well as real-time data, users can draw lines and shapes on charts, facilitating price movement analysis, pattern recognition, and identification of potential market opportunities from the convenience of their mobile devices — anytime and anywhere.

"While our tech capabilities have been crucial to our success over the years, our rapid growth over the years has been made possible by our deep understanding of the retail investment community in Singapore. Through our frank conversations with retail investors at roadshows and offline activities, we have gained deep insights into their investment objectives, and accordingly tailored our offerings in response to their needs. Such engagement with the retail community will continue to be at the heart of what we do, even we work towards the next significant milestone for Moomoo Singapore," Chia said.

"This is deeply aligned with the objectives of SIAS, whose unrelenting commitment to protect the rights of retail investors in Singapore has been a role model for all. We will continue to work with SIAS to ensure that the voice of retail investors is heard, and to raise the standard of investor education in Singapore. On this occasion, I would like to wish SIAS a very happy 25th anniversary," he added.

About Moomoo Singapore

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders.

In Singapore, Moomoo Financial Singapore Pte. Ltd. (www.moomoo.com/sg) offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status.  In April 2024, Moomoo Singapore reached the 1 million users milestone in Singapore.

Moomoo Private Wealth offers bespoke investment strategies for HNW and institutional clients. Backed by its cutting-edge technology platform, Moomoo Private Wealth offers a portfolio of innovative investment products that rival that of traditional private banks, and has been recognised by Asia Banking and Finance for its product excellence. Visit us at: https://www.moomoo.com/sg/private-wealth

Our achievements include the Investment Tech of the Year award at the 2024 Asia Fintech Awards and the SIAS Best Retail Broker 2024.

Source : Moomoo Singapore is Best Retail Broker in Singapore for the second year running

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BARCELONA, Spain, Sept. 18, 2024 /PRNewswire/ — The highly anticipated 2024 European Society for Medical Oncology (ESMO) Annual Congress has taken place in Barcelona, Spain. As one of the most influential annual gatherings in oncology, this congress brings together leading cancer experts and researchers from around the globe, showcasing the latest advancements in the field and providing high-quality educational and networking opportunities for oncology professionals.

Biosyngen, an innovative biotechnology company specializing in immune cell therapies, is proud to present Phase I clinical data for its pioneering CAR-T therapy targeting Epstein-Barr virus (EBV) antigens for the treatment of nasopharyngeal carcinoma (NPC).

From left to right: Ma Yuxiang, Associate chief physician in Phase I Unit in Clinical Trial Center and PhD in Oncology, Sun Yat-sen University Cancer Center; Professor Zhao Hongyun, Director in Phase I Unit in Clinical Trial Center and Deputy director in Clinical Research, Sun Yat-sen University Cancer Center; Statham Liu, Senior R&D Scientist, Biosyngen

Abstract Title

Safety and efficacy of a novel CAR-T cell therapy (BRG01) targeting the Epstein-Barr Virus envelope glycoprotein in advanced metastatic nasopharyngeal cancer (NPC) patients 

Abstract No.:

899P

The presentation highlights that the Phase I clinical trial of BRG01 has successfully completed dose-limiting toxicity (DLT) observations and efficacy evaluations in nine patients, all diagnosed with advanced NPC. Notably, 100% of participants had previously undergone platinum-based chemotherapy and failed at least one immune checkpoint inhibitor, including PD-1 antibodies, while 45% had also failed treatment with antibody-drug conjugates (ADCs).

Preliminary data indicates that BRG01 demonstrates exceptional safety and preliminary efficacy. In terms of safety, no cases of dose-limiting toxicity, neurotoxicity, grade 2 or higher cytokine release syndrome, or treatment-related death were observed. The most common grade 3 adverse events were transient leukopenia related to the lymphodepletion regimen.

In terms of efficacy, disease control and response rates exhibited a clear dose-dependent relationship. Higher doses led to more significant effects, with 75% of patients experiencing a sustained reduction in tumor burden and diminished metabolic activity, and several lesions achieving complete response (CR) with 100% tumor reduction.

75% of patients experiencing a sustained reduction in tumor burden and diminished metabolic activity, and several lesions achieving complete response (CR) with 100% tumor reduction.

Patients treated with BRG01 have shown a progression-free survival exceeding six months post-infusion, demonstrating significantly extended antitumor effects compared to the current standard treatment, checkpoint inhibitors like PD-1 antibodies.

Patients treated with BRG01 have shown a progression-free survival exceeding six months post-infusion, demonstrating significantly extended antitumor effects compared to the current standard treatment, checkpoint inhibitors like PD-1 antibodies.

Additionally, BRG01 exhibited remarkable antiviral efficacy, with a significant reduction in EBV viral load in peripheral blood to normal levels post-infusion.

BRG01 exhibited remarkable antiviral efficacy, with a significant reduction in EBV viral load in peripheral blood to normal levels post-infusion.

Professor Zhang Li, the principal investigator (PI) of this clinical trial, and Director of the Phase I Unit at Sun Yat-sen University Cancer Center, stated, "BRG01 has the potential to be a ‘first-in-class’ T cell therapy for EBV-positive tumors. Its unique mechanism and robust Phase I data instill confidence in its Phase II clinical performance. We look forward to establishing its clinical efficacy through further studies, offering new hope for more patients."

As previously reported, BRG01 has received regulatory approvals for Phase II clinical trials in July (China) and August (U.S.) with patient enrollment now underway.

These data not only underscore the potential of BRG01 in treating cancer but also highlights its dual advantages in antiviral therapy, establishing a solid foundation for future clinical applications. This is likely a key factor in the Center for Drug Evaluation, NMPA and FDA’s decision to advance BRG01 to Phase II trials.

BRG01 is an autologous T cell immunotherapy that expresses a chimeric receptor targeting EBV antigens through genetic modification. It represents Biosyngen’s global innovation in next-generation CAR-T cell therapy specifically for EBV. The therapy received clinical trial approval from the CDE in December 2022 and the FDA in February 2023. Subsequently, it was granted orphan drug designation (ODD) and fast track designation (FTD) by the FDA in June and July 2023, respectively, marking rapid simultaneous progress in both the U.S. and China.

Biosyngen’s commitment to solid tumor cell therapies extends beyond BRG01. The company is emerging as a biotech leader with a portfolio that includes CAR-T, TCR-T, and TIL therapies targeting both solid and hematologic tumors. All related product pipelines have achieved simultaneous regulatory submissions and approvals in both the U.S. and China, covering various solid tumors, including lung and liver cancer.

Regarding the initial release of BRG01’s Phase I clinical data, Dr. Michelle Chen, co-founder and CEO of Biosyngen, stated, "BRG01 is the result of years of hard work by our team and a testament to the recognition of our core technology and research capabilities. Biosyngen is committed to developing innovative drugs that address unmet clinical needs in oncology. In the future, we will continue to increase our R&D investments and expedite the clinical trial and commercialization processes for BRG01, providing more effective and accessible treatment options for patients worldwide."

With Biosyngen’s efficient execution and rapid research advancements, we have reason to be optimistic about achieving further clinical breakthroughs in solid tumor cell therapies in a shorter timeframe, bringing new hope to patients.

Source : Biosyngen's first-in-class CAR-T asset targeting solid tumors has entered pivotal phase II trial, Phase I trial data debut at ESMO 2024 Annual Congress

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80% of Global Commercial Fleet Leaders Surveyed Set Goal for 25% EVs by 2030, Latest Frost & Sullivan Insights Reveal

LONDON, Sept. 18, 2024 /PRNewswire/ — Conducted by Frost & Sullivan and commissioned by WEX (NYSE: WEX), a new report provides key insights for organisations managing mixed-energy fleets across Europe, North America, and Asia-Pacific.

The study underscores the rapid progress in fleet electrification. While EV adoption rates vary by business and fleet type, most fleet managers expect a significant increase in EVs to enter their fleets over the next five years. Almost half of those surveyed stated that 50% or more of their fleet would consist of EVs by 2030. 

The 2024 global survey, "The Commercial EV Transition: Global Insights on a Mixed-Energy Fleet Future," offers comprehensive insights to help organisations navigate and capitalise on the shift to electrification across Europe, North America, and Asia-Pacific.

The transition to a mixed-energy fleet – which integrates both EVs and internal combustion engine (ICE) vehicles – will take time, but fleet managers are working actively to accelerate the process. EV adoption rates will vary significantly depending on factors such as the region, industry, and organisational scale, making it crucial to understanding the underlying dynamics that can unlock opportunities for more sustainable and cost-efficient operations.

"The study demonstrates that there is still high ambition to integrate EVs into fleet operations, not just to meet sustainability targets but to enable more cost-effective operations, however, achieving this transition presents significant challenges," said Dr. Jose Pereira, Director in the Frost & Sullivan’s Mobility Advisory practice.

"This report’s findings demonstrate that fleet managers continue to seek guidance from trusted experts and partners to determine the best approach for their needs," he added. "A key issue is understanding how to develop an optimal EV adoption roadmap that balances the initial investments in vehicle and charging infrastructure costs with the operational savings opportunities that come from lower electric fuel costs, reduced servicing and extended vehicle service life, as well as the improved driver satisfaction and wellbeing from quieter and smoother vehicles"

As fleet managers begin to manage a mix of traditional and electric vehicles, they face new challenges such as keeping site EV infrastructure online, optimising energy costs through improved scheduling and route planning, and managing payments from various charging locations. This will necessitate adjustments to existing fleet management and payment systems to ensure smooth operations and a viable overall business case.

The report also addresses broader industry implications, identifying the top three challenges for fleet operators: fuel costs (67%), operational expenses (66%), and profit margins (59%). These challenges reflect fleet managers’ pressures to manage expenses and maintain profitability while transitioning to new technologies and sustainable practices.  

About the Fleet Study

These are the findings of a Frost & Sullivan study commissioned by WEX between February-March 2024, based on interviews with mixed-energy fleet operators about their journey towards electrification, representing over 500 organisations across seven markets: 273 respondents in Europe,110 respondents in the United States, and 120 respondents in two Asia-Pacific markets in Asia-Pacific (120 respondents).

A complimentary copy of the study is available for download here. Market-level insights can be viewed for the United Kingdom, Benelux (comprised of Belgium, the Netherlands, and Luxembourg), France, Germany, Italy, the United States, Australia, and New Zealand.  

About Frost & Sullivan

Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO and the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth initiatives. Frost & Sullivan leverages over 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices on six continents.

To engage with our growth experts for more information, click here

Contact:

Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
[email protected]
+44 (0)20 331 01228

Source : Electrified Fleet Adoption Surges Despite Slowing EV Demand in Passenger Market

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Intel 471’s CTI platform empowers organizations to navigate complex threats, improve visibility across digital assets, and proactively secure their environments against evolving cyber risks.

SAN ANTONIO, Sept. 18, 2024 /PRNewswire/ — Recently, Frost & Sullivan assessed the cyber threat intelligence (CTI) industry and, based on its findings, recognizes Intel 471 with the 2024 Global Enabling Technology Leadership Award. The company is a leading global CTI solution provider that drives growth by extending the impact of operationalized threat intelligence across various business functions. By addressing a broad spectrum of use cases, such as threat hunting, security operations, and governance, risk, and compliance (GRC), Intel 471 empowers organizations to align their security efforts with overall business operations. This comprehensive approach enables Intel 471 to strategically broaden its innovation scalability by expanding its solution portfolio to cater to both early-stage CTI maturity organizations and those requiring more sophisticated CTI solutions.

Intel 471

Intel 471’s cyber intelligence cloud platform provides customers with granular insights and finished intelligence on the latest cyber threats via a unified web portal or API integration. Intel 471’s external attack surface management (EASM) solution enables organizations to discover common vulnerabilities and exposures (CVEs), such as internet-exposed hosts, expired digital certificates, and weak encryption, while continuously monitoring trends regarding newly weaponized CVEs. With its EASM solution, organizations can set up automatic alerts relevant to specific domains, monitor third-party external attack surfaces, evaluate vendor security postures, and monitor externally exposed information such as email addresses and compromised credentials. This comprehensive approach ensures that organizations gain the much-needed visibility of their digital footprint to secure it proactively. The SaaS platform’s core intelligence domains include:

Adversary intelligence Malware intelligence Credentials intelligence Vulnerabilities intelligence Marketplace intelligence Cyber Geopolitical intelligence

Martin Naydenov, senior industry analyst at Frost & Sullivan, observed, "While many CTI vendors rely on third-party and open-source data, Intel 471 stands out for its human-intelligence-centered approach and timely, actionable reports. Leveraging a global team of skilled analysts, Intel 471 extracts insights directly from threat actors and conducts tailored research upon request, ensuring its intelligence’s relevance, timeliness, and exclusivity."

Intel 471’s Collection Management Team (CMT) offers unique insights into attackers’ intent and motivation, aiding in the swift detection and prevention of breaches. This saves investigation time and costs and prevents payments for illegitimate ransom demands. By providing timely insights and detailed leak information, Intel 471 helps organizations understand breaches and adjust strategies promptly, enhancing their security posture and mitigating risks effectively. With Intel 471, organizations can continuously map out their digital assets, monitor various intelligence sources, understand adversary motivations, and identify vulnerabilities. Additionally, Intel 471 enables organizations to rapidly deploy advanced intelligence-driven threat hunting and detection, furthering its customers’ ability to operationalize CTI and proactively hunt for stealthy threats in their environment—threats that go undetected by traditional tools but can be identified and removed before greater damage is done.

"Intel 471 has established itself as a leading global provider of CTI solutions through its human-centered intelligence approach, capturing a significant global revenue share and achieving robust growth rates. Intel 471 enables organizations beyond just technology, serving as a trusted partner and offering services such as RFIs and threat hunt packages, supported by a team of expert analysts who provide comprehensive insights and protection against sophisticated threats," added Naydenov. For its strong overall performance in the CTI industry, Intel 471 earns Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award.

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Camila Tinajero
P: +54911 6713 2748
E: [email protected]

About Intel 471

Intel 471 empowers enterprises, government agencies, and other organizations to win the cybersecurity war using the real-time insights about adversaries, their relationships, threat patterns, and imminent attacks relevant to their businesses. The company’s platform collects, interprets, structures, and validates human-led, automation-enhanced intelligence, which fuels our external attack surface and advanced behavioral threat hunting solutions. Customers utilize this operationalized intelligence to drive a proactive response to neutralize threats and mitigate risk. Organizations across the globe leverage Intel 471’s world-class intelligence, our trusted practitioner engagement and enablement and globally dispersed ground expertise as their frontline guardian against the ever-evolving landscape of cyber threats to fight the adversary — and win. Learn more at https://intel471.com/.

Your voice of reason and truth.

Contact:

Erica Stuchel
W2 Communications
E: [email protected]

Source : Intel 471 Applauded by Frost & Sullivan for Providing Granular Insights and Finished Intelligence on the Latest Cyber Threats with Its Cyber Intelligence Cloud Platform

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G-P’s 2024 World at Work Report reveals strong alignment between business and talent outlook on global employment, showing there has never been a better time to build a global workforce.

BOSTON, Sept. 18, 2024 /PRNewswire/ — REMOTE FIRST COMPANY — G-P (Globalization Partners), the recognized leader in the global employment market, today announced that more than half of workers (53%) anticipate hitting the job market in the next six months, a third of whom plan to make a move to another state or country to support their career. The launch of G-P’s second annual report on global employment trends underscores the benefits of a global business presence to help businesses and employees thrive in the new era of work.

Companies with a footprint in multiple markets not only have a competitive edge today but more resilience to navigate rapidly changing conditions and future-proof their business. Despite this ambitious outlook, executives worldwide continue to grapple with talent shortages and mounting pressure to embrace and adopt AI technologies.

"There’s never been a better time to build a global team," said Nicole Sahin, founder and CEO of G-P. "At G-P, we’re at the forefront of the intersection of global employment and AI, empowering leaders to build agile workforces and transforming how companies leverage human potential from around the world."

According to G-P’s "World at Work: The Future of Global Employment" Report, four out five executives say that finding skilled talent in their existing markets is difficult right now. The majority (72%) are ready to look to other countries to meet their talent needs – a smart move considering 80% of employees want to work for a global company.

Executives are eager for AI to be a solution, with half saying AI can help with predicting business challenges in prospective new markets. The vast majority of employees (92%) are also excited about potential uses for AI, albeit some (34%) are hesitant to use AI at work out of concern their manager would place less value on their work.

Download the G-P World at Work Report here to learn more about the opportunities of global employment and how to get ahead in this new era of work.

Methodology
The G-P survey was conducted by Wakefield Research among 2,000 Executives, (VP+ at companies of 500 or more employees) in three markets: the U.S., the U.K. and Australia; and 4,000 Employed Professionals in six markets: the U.S., the U.K., France, Germany, Singapore and Australia.

About G-P
G-P is the recognized leader in global employment, delivering everything companies of all sizes need to quickly and compliantly build and manage global teams in 180+ countries, regardless of entity status. G-P’s industry leading SaaS-based Employer of Record (EOR), Contractor and Advisor products are backed by more than a decade of experience, the largest team of in-country HR, legal, and compliance experts, and insights from its proprietary generative AI knowledge base.

G-P: Global Made PossibleTM
To learn more, please visit: g-p.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.

Source : Global or Bust: 97% of executives say a global presence is required to be competitive in today's business landscape

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HONG KONG, Sept. 18, 2024 /PRNewswire/ — CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that thanks to its mature typhoon response measures, the Typhoon "Bebinca" did not have an impact on the Company.

Recently, Typhoon "Bebinca" crossed the East China Sea, becoming the strongest typhoon to make landfall in Shanghai since 1949. Adhering to its core values of health, safety and environmental protection (HSE), namley "Safety First, Environmental Paramount, People-oriented, and Equipment Intact", CNOOC Limited work together with all the support personnel to promptly evacuate staffs working on offshore platform before the typhoon’s arrival to ensure their health and safety.

The "Typhoon Production" model of CNOOC Limited has once again withstood the challenge. During the passing of Typhoon "Bebinca", through its onshore control under typhoon mode, the Company implemented remote control production of offshore platforms to ensure continuous and stable production during the typhoon. Upon the landing of the typhoon, the Company promptly initiated recovery efforts to ensure the steady operation and production of offshore oil and gas fields.

— End —

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com. 

*** *** *** ***

This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: [email protected] 

Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: [email protected] 

Source : CNOOC Limited Successfully Withstands Typhoon "Bebinca"

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BEIJING, Sept. 18, 2024 /PRNewswire/ — We’re halfway through 2024, and for the food and beverage industry, there are bumps in the road ahead, but we’re still moving forward. The third Food & Beverage Engineering Annual Innovation Awards(FBE Awards) is back for 2024. ASIA FOOD JOURNAL-CHINA, together with the organizer of CHINA BREW 2024 & CHINA BEVERAGE 2024 (CBB) – Beijing Zhongqing Heli International Exhibition Co., Ltd. and Messe Muenchen Shanghai Co., Ltd. would like to invite all domestic and international food and beverage industry related equipment and technology providers to participate in this prestigious award!

FBE Awards 2024

ORGANIZER: ASIA FOOD JOURNAL-CHINA

           Beijing Zhongqing Heli International Exhibition Co., Ltd.

           Messe Muenchen Shanghai Co., Ltd.

Entry Deadline: Sep.27, 2024

Awards Ceremony: Oct.28, 2024

Awards Venue: W5 Hall, Shanghai New International Expo Center

Concurrent Exhibitions: CHINA BREW 2024 & CHINA BEVERAGE 2024 (CBB)

Instructions for Participation

The scope of this year’s product entry must be sold in the Chinese market. The participating products must be released before October 2024 and receive technical support in the field of food and beverage production related to the general category of products. Participating categories are divided into: pre-processing equipment, fluid processing, mold injection, filling equipment, secondary packaging, sensing and detection, electrical transmission and automation, intelligent systems, general equipment, and other 9 categories and 57 subcategories, the final award-winning products in each category up to 4, each company is limited to entry 1 product in each category. For details of the selection process, application form and contact information, please click the below link for the Awards details and download Awards Entry Form:
http://www.fbe-china.com/award/ 

About FBE Awards

Food & Beverage Engineering Annual Innovation Product Awards (FBE Awards) is an important selection activity in the food and beverage production industry, organized by ASIA FOOD JOURNAL-China, a leading and well-known B2B media brand in the industry.

Beginning in 2017, FBE Awards is mainly held through ASIA FOOD JOURNAL-China expert resources to select the annual industry innovation products, in order to recognize the domestic and foreign advanced enterprises to promote the industry’s technological innovation and continue to move forward.

From 2024, the awards will be jointly unveiled by the organizer of CBB (China Alcohol & Beverage Manufacturing Technology & Equipment Exhibition) – China Lightweight Co-exhibition Company, and the awarding ceremony will be held in a grand manner at the exhibition site.

From 2024, the FBE Awards will be organized in conjunction with the organizer of CHINA BREW 2024 & CHINA BEVERAGE 2024 (CBB) – Beijing Zhongqing Heli International Exhibition Co., Ltd. and Messe Muenchen Shanghai Co., Ltd. and the FBE Awards Ceremony will be held during CBB 2024.

Previous FBE Awards

Welcome innovative products in the field of food and beverage production to register and participate. We promise to continue to uphold the principles of fairness, impartiality, and openness, work together with industry customers and experts to select innovation products in this field over the past year, provide reference for industry customers, and pay tribute to industry innovators!

Source : 2024 Food & Beverage Engineering Innovation Awards (FBE Awards) Call for Entry

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