Another waterspout was seen off Hong Kong waters on Tuesday morning amidst a day of heavy downpours and thunderstorms. The whirling column of air and mist was photographed in the city’s eastern waters, first off the Nine Pine Islands by a member of the public. It was also captured by the Observatory’s own cameras off Clear Water Bay, according to the official forecaster, which posted the images on its Facebook page. The natural spectacle would be the second witnessed this month. A...
Reported by S.China Morning Post 1 hour ago.
Another waterspout seen in Hong Kong, off Clear Water Bay, amid heavy rain and thunderstorms
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China Rapid Finance to Announce First Quarter 2018 Financial Results on June 14, 2018
SHANGHAI, June 12, 2018 /PRNewswire/ -- China Rapid Finance Limited ("China Rapid Finance" or the "Company") (NYSE: XRF), operator of one of China's largest consumer lending marketplaces, today announced that it plans to release its first quarter 2018 financial results on Friday, June 15, 2018 before market opens. China Rapid Finance will hold a conference call on Friday, June 15, 2018 at 8:00 am Eastern Time or 8:00 pm Beijing Time to discuss the financial results for the first quarter 2018. Listeners may access the call by dialing the following numbers:International:
+1-412-902-4272
United States Toll Free:
+1-888-346-8982
China Toll Free:
4001-201203
Hong Kong Toll Free:
800-905945
Conference ID:
China Rapid Finance call
The replay will be accessible through June 22, 2018 by dialing the following numbers:
United States:
+1-877-344-7529
International:
+1-412-317-0088
Replay Access Code:
10121011
A live and archived webcast of the conference call will also be available at the China Rapid Finance's investor relations website at http://chinarapidfinance.investorroom.com/
*About China Rapid Finance*
China Rapid Finance operates a leading online consumer finance marketplace in China, facilitating millions of loans annually. The Company deploys machine learning and proprietary decision technology to facilitate affordable digital credit for one of the world's largest untapped consumer credit markets: China's 500 million emerging mobile-active consumers. China Rapid Finance operates a pure play marketplace, and does not take credit risk. The Company utilizes its proprietary, mobile-first technology to efficiently select creditworthy consumers for its platform. China Rapid Finance facilitates smaller, shorter-term initial loans to these qualified consumers and then enables larger, longer-term loans for repeat borrowers who demonstrate positive credit behavior. This differentiated strategy positions the platform to attract and retain high quality consumers who generate significant customer lifetime value. China Rapid Finance was founded by Dr. Zane Wang, who has decades of consumer credit experience in the U.S. and China, and is governed by a global board of directors. For more information, please visit http://ChinaRapidFinance.InvestorRoom.com.
*Investor Relations Contacts:*
In China:
China Rapid Finance
Joseph Wang
Tel: +86 (21) 6032-5999
Email: IR@crfchina.comOr
The Blueshirt Group
Gary T. Dvorchak, CFA
Tel: +86 (138) 1079-1480
Email: gary@blueshirtgroup.comIn US:
The Blueshirt Group
Ralph Fong
Tel: +1 (415) 489-2195
Email: ralph@blueshirtgroup.com
View original content:http://www.prnewswire.com/news-releases/china-rapid-finance-to-announce-first-quarter-2018-financial-results-on-june-14-2018-300664965.html Reported by PR Newswire Asia 1 hour ago.
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ZTE shares to resume trading in Hong Kong after US$1.4 bln settlement with Washington
ZTE Corp said trading of its shares would resume on the Hong Kong stock exchange on Wednesday, ending a two-month suspension, after the Chinese telecommunications giant agreed to pay up to $1.4 billion in penalties to the US government and drastically overhaul its management. China’s No 2 telecommunications equipment maker was crippled when a seven-year ban was imposed on the company in April for breaking a 2017 agreement reached after it was caught illegally trading with Iran and North...
Reported by S.China Morning Post 53 minutes ago.
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JCDecaux launches VIOOH, a global independent automated planning and trading platform
*JCDecaux launches VIOOH, a global independent automated planning and trading platform *
*Paris, June 12^th, 2018 *- JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces the launch of VIOOH - a global independent automated planning and trading platform designed to accelerate growth of Out-of-Home and connect the industry to the programmatic digital ecosystem. The capital of VIOOH - pronounced View - is currently owned 93.5% by JCDecaux and 6.5% by Veltys, a data specialist and modelling company.
VIOOH's purpose is to grow Out-of-Home advertising spend globally by offering an integrated platform to provide automation and offer programmatic trading for media sellers and buyers. While Digital Out-of-Home (DOOH) is expected to be the second fastest growing medium between 2017 and 2020, the platform will strengthen JCDecaux's capacity to meet the new expectations of its clients, brands and agencies, and enlarge the Group ecosystem.
JCDecaux, as number one worldwide, is convinced that Out-of-Home can compete with digital advertising (mobile, search, display ...) by transforming its whole offering through optimised campaigns using data and technology. This is why the Group decided to create VIOOH organically on a worldwide footprint and to open it to Out-of-Home media owners.
VIOOH has developed a best-in-class planning and trading platform for the Out-of-Home industry. The platform has been in development for over 2 years, and provides a full stack for automated trading, data management, content serving and ad exchange functionality. The new business is based in London and VIOOH already employs a team of over 65 developers, coders, commercial and support staff.
VIOOH is able to incorporate many data sources and relies on machine learning algorithms to improve the targeting and the effectiveness of the advertising campaigns. Out-of-Home being by nature a "one to many" media, VIOOH is almost natively GDPR compliant and therefore will always comply strictly with personal data protection rules to safeguard citizens and users.
Starting in the UK and the USA, the platform will soon be deployed in Belgium, Spain, Italy, Hong Kong, Australia, Denmark, Finland, Germany, Singapore, Dubai, Norway and the Netherlands among other markets.
JCDecaux also announces that the new CEO of VIOOH is Jean-Christophe Conti. He brings a wealth of experience to the business, having been the Vice President Global Partnerships at Yahoo from 2010-2014 and the Vice President EMEA at AppNexus from 2014-2017. He will be responsible for the global development with a remit to develop the leading edge trading platform for Out-of-Home.
*Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux,* said: "JCDecaux is delighted to have initiated the launch of VIOOH, a best in class global automated planning and trading platform for the benefit of the whole sector. Independent, this new entity will see its shareholding structure evolve depending on discussions within the industry. The platform will provide advertisers and agencies with an enhanced value proposition for Out-of-Home allowing audience led planning and trading including the ability to plan the OOH digital screen alongside the mobile screen."
*Philippe Février, CEO of Veltys, *said: "Leveraging the best data with the best algorithms is at the heart of the VIOOH platform. Veltys is very proud to be part of this initiative to transform the Out-of-Home market and create this worldwide platform for the industry. This is a unique and very exciting project for our whole team."
*Jean-Christophe Conti, CEO of VIOOH, *said: "The opportunity to join a future facing business that is committed to the development of a global digital Out-of-Home platform was too good an offer to turn down. The VIOOH independent platform will offer existing buyers and new advertisers a frictionless and transparent experience for automated Out-of-Home and programmatic Digital Out-of-Home transactions. The future for Out-of-Home is tremendously exciting and the VIOOH platform will contribute to accelerate growth of the medium. In this context, and in order to position VIOOH as the industry preference, we welcome all media owners to join the platform."
*Key Figures for JCDecaux*
· 2017 revenue: €3,493m*
· JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
· JCDecaux is part of the FTSE4Good and Dow Jones Sustainability Europe indexes
· N°1 worldwide in street furniture (543,050 advertising panels)
· N°1 worldwide in transport advertising with more than 218 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels)
· N°1 in Europe for billboards (141,630 advertising panels)
· N°1 in outdoor advertising in Europe (672,220 advertising panels)
· N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels)
· N°1 in outdoor advertising in Latin America (77,190 advertising panels)
· N°1 in outdoor advertising in Africa (26,770 advertising panels)
· N°1 in outdoor advertising in the Middle-East (18,650 advertising panels)
· Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
· 1,074,113 advertising panels in more than 80 countries
· Present in 4,033 cities with more than 10,000 inhabitants
· 13,040 employees
* Restated from the retrospective application of IFRS 15, applicable from January 1^st, 2018
*Communications Department**:* Agathe Albertini
+33 (0) 1 30 79 34 99 - agathe.albertini@jcdecaux.com
*Investor Relations**:* Arnaud Courtial
+33 (0) 1 30 79 79 93 - arnaud.courtial@jcdecaux.com
*Attachment*
· 12-06-2018 # CP VIOOH_UK.pdf Reported by GlobeNewswire 1 hour ago.
*Paris, June 12^th, 2018 *- JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces the launch of VIOOH - a global independent automated planning and trading platform designed to accelerate growth of Out-of-Home and connect the industry to the programmatic digital ecosystem. The capital of VIOOH - pronounced View - is currently owned 93.5% by JCDecaux and 6.5% by Veltys, a data specialist and modelling company.
VIOOH's purpose is to grow Out-of-Home advertising spend globally by offering an integrated platform to provide automation and offer programmatic trading for media sellers and buyers. While Digital Out-of-Home (DOOH) is expected to be the second fastest growing medium between 2017 and 2020, the platform will strengthen JCDecaux's capacity to meet the new expectations of its clients, brands and agencies, and enlarge the Group ecosystem.
JCDecaux, as number one worldwide, is convinced that Out-of-Home can compete with digital advertising (mobile, search, display ...) by transforming its whole offering through optimised campaigns using data and technology. This is why the Group decided to create VIOOH organically on a worldwide footprint and to open it to Out-of-Home media owners.
VIOOH has developed a best-in-class planning and trading platform for the Out-of-Home industry. The platform has been in development for over 2 years, and provides a full stack for automated trading, data management, content serving and ad exchange functionality. The new business is based in London and VIOOH already employs a team of over 65 developers, coders, commercial and support staff.
VIOOH is able to incorporate many data sources and relies on machine learning algorithms to improve the targeting and the effectiveness of the advertising campaigns. Out-of-Home being by nature a "one to many" media, VIOOH is almost natively GDPR compliant and therefore will always comply strictly with personal data protection rules to safeguard citizens and users.
Starting in the UK and the USA, the platform will soon be deployed in Belgium, Spain, Italy, Hong Kong, Australia, Denmark, Finland, Germany, Singapore, Dubai, Norway and the Netherlands among other markets.
JCDecaux also announces that the new CEO of VIOOH is Jean-Christophe Conti. He brings a wealth of experience to the business, having been the Vice President Global Partnerships at Yahoo from 2010-2014 and the Vice President EMEA at AppNexus from 2014-2017. He will be responsible for the global development with a remit to develop the leading edge trading platform for Out-of-Home.
*Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux,* said: "JCDecaux is delighted to have initiated the launch of VIOOH, a best in class global automated planning and trading platform for the benefit of the whole sector. Independent, this new entity will see its shareholding structure evolve depending on discussions within the industry. The platform will provide advertisers and agencies with an enhanced value proposition for Out-of-Home allowing audience led planning and trading including the ability to plan the OOH digital screen alongside the mobile screen."
*Philippe Février, CEO of Veltys, *said: "Leveraging the best data with the best algorithms is at the heart of the VIOOH platform. Veltys is very proud to be part of this initiative to transform the Out-of-Home market and create this worldwide platform for the industry. This is a unique and very exciting project for our whole team."
*Jean-Christophe Conti, CEO of VIOOH, *said: "The opportunity to join a future facing business that is committed to the development of a global digital Out-of-Home platform was too good an offer to turn down. The VIOOH independent platform will offer existing buyers and new advertisers a frictionless and transparent experience for automated Out-of-Home and programmatic Digital Out-of-Home transactions. The future for Out-of-Home is tremendously exciting and the VIOOH platform will contribute to accelerate growth of the medium. In this context, and in order to position VIOOH as the industry preference, we welcome all media owners to join the platform."
*Key Figures for JCDecaux*
· 2017 revenue: €3,493m*
· JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
· JCDecaux is part of the FTSE4Good and Dow Jones Sustainability Europe indexes
· N°1 worldwide in street furniture (543,050 advertising panels)
· N°1 worldwide in transport advertising with more than 218 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels)
· N°1 in Europe for billboards (141,630 advertising panels)
· N°1 in outdoor advertising in Europe (672,220 advertising panels)
· N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels)
· N°1 in outdoor advertising in Latin America (77,190 advertising panels)
· N°1 in outdoor advertising in Africa (26,770 advertising panels)
· N°1 in outdoor advertising in the Middle-East (18,650 advertising panels)
· Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
· 1,074,113 advertising panels in more than 80 countries
· Present in 4,033 cities with more than 10,000 inhabitants
· 13,040 employees
* Restated from the retrospective application of IFRS 15, applicable from January 1^st, 2018
*Communications Department**:* Agathe Albertini
+33 (0) 1 30 79 34 99 - agathe.albertini@jcdecaux.com
*Investor Relations**:* Arnaud Courtial
+33 (0) 1 30 79 79 93 - arnaud.courtial@jcdecaux.com
*Attachment*
· 12-06-2018 # CP VIOOH_UK.pdf Reported by GlobeNewswire 1 hour ago.
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China's ZTE to resume trading after $1.4 bln U.S. settlement
HONG KONG (Reuters) - ZTE Corp said trading in its shares would resume on Wednesday, ending a two-month suspension, after the Chinese telecommunications giant agreed to pay up to $1.4 billion in penalties to the U.S. government and radically overhaul its management.
Reported by Reuters India 18 minutes ago.
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BMO Global Asset Management (Asia) Limited Announces BMO Asia USD Investment Grade Bond ETF Dividend
*IMPORTANT:* The Stock Exchange of Hong Kong Limited (the "*SEHK*"), Hong Kong Exchanges and Clearing Limited ("*HKEX*"), the Securities and Futures Commission (the "*SFC*") and the Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this Announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Announcement.
The Manager accepts full responsibility for the accuracy of the information contained in this Announcement as at the date of publication, and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief, there are no other facts the omission of which would make any statement misleading and opinions expressed in this Announcement have been arrived at after due and careful consideration.
SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
If you are in doubt about the contents of this Announcement, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser.
· A Hong Kong umbrella unit trust authorized under section 104 of the Securities and Futures Ordinance (Cap 571) of Hong Kong
· BMO Asia USD Investment Grade Bond ETF (stock code: 3141.HK) pays dividend
HONG KONG, June 12, 2018 /PRNewswire/ -- BMO Global Asset Management (Asia) Limited will be paying a dividend for BMO Asia USD Investment Grade Bond ETF (stock code: 3141.HK). The exact dividend amount will be announced at a later date.
The ex-dividend date is June 28, 2018, and the record date is June 29, 2018. The distribution-payable date is July 6, 2018.
For more information about BMO ETFs, please visit: www.bmo.hk/etfs.
*About BMO Global Asset Management *
BMO Global Asset Management is a global investment manager with offices in more than 25 cities in 14 countries, delivering service excellence to clients across five continents.
Our four major investment centers in Toronto, Chicago, London and Hong Kong are complemented by a network of world-class specialist managers strategically located across the globe: BMO Real Estate Partners, LGM Investments, Pyrford International Ltd. BMO Global Asset Management is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI).
BMO Global Asset Management is a part of BMO Financial Group, a highly diversified financial services provider based in North America with total assets of CDN $728 billion as of January 31, 2018, and more than 45,000 employees. BMO Wealth Management has worldwide assets under management of CDN $436 billion, as of January 31, 2018.
®"BMO (M-bar roundel)" is a registered trade-mark of Bank of Montreal, used under licence.
Media Contacts: Mary Yu, Hong Kong, mary.yu@bmo.com, +852 3716-0802; Charlotte Bilney, Hong Kong, charlotte.bilney@citigatedewerogerson.com, +852 3103-0100 Reported by PR Newswire Asia 40 minutes ago.
The Manager accepts full responsibility for the accuracy of the information contained in this Announcement as at the date of publication, and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief, there are no other facts the omission of which would make any statement misleading and opinions expressed in this Announcement have been arrived at after due and careful consideration.
SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
If you are in doubt about the contents of this Announcement, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser.
· A Hong Kong umbrella unit trust authorized under section 104 of the Securities and Futures Ordinance (Cap 571) of Hong Kong
· BMO Asia USD Investment Grade Bond ETF (stock code: 3141.HK) pays dividend
HONG KONG, June 12, 2018 /PRNewswire/ -- BMO Global Asset Management (Asia) Limited will be paying a dividend for BMO Asia USD Investment Grade Bond ETF (stock code: 3141.HK). The exact dividend amount will be announced at a later date.
The ex-dividend date is June 28, 2018, and the record date is June 29, 2018. The distribution-payable date is July 6, 2018.
For more information about BMO ETFs, please visit: www.bmo.hk/etfs.
*About BMO Global Asset Management *
BMO Global Asset Management is a global investment manager with offices in more than 25 cities in 14 countries, delivering service excellence to clients across five continents.
Our four major investment centers in Toronto, Chicago, London and Hong Kong are complemented by a network of world-class specialist managers strategically located across the globe: BMO Real Estate Partners, LGM Investments, Pyrford International Ltd. BMO Global Asset Management is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI).
BMO Global Asset Management is a part of BMO Financial Group, a highly diversified financial services provider based in North America with total assets of CDN $728 billion as of January 31, 2018, and more than 45,000 employees. BMO Wealth Management has worldwide assets under management of CDN $436 billion, as of January 31, 2018.
®"BMO (M-bar roundel)" is a registered trade-mark of Bank of Montreal, used under licence.
Media Contacts: Mary Yu, Hong Kong, mary.yu@bmo.com, +852 3716-0802; Charlotte Bilney, Hong Kong, charlotte.bilney@citigatedewerogerson.com, +852 3103-0100 Reported by PR Newswire Asia 40 minutes ago.
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Crown World Mobility Executives Attend SHRM Conference and Exposition in Chicago
Industry Leader in Mobile Workforce Solutions Sends Executive Delegates to Highly Attended Industry Event
DANBURY, Conn., June 12, 2018 (GLOBE NEWSWIRE) -- Crown World Mobility (CWM) – the provider of domestic and international end-to-end workforce mobility solutions and talent management strategies – is sending four executive delegates to this year’s Society for Human Resources Management (SHRM) Annual Conference and Exposition. Industry leaders from around the world will gather at the event held June 17-20 in Chicago.Crown World Mobility’s executive representatives understand the global conditions for placing and retaining talent both domestically and internationally and will be available to connect at CWM’s booth *#2655.*
“We’re excited to be attending this year’s conference,” says Robert Leotti, VP Business Development, North America. “Crown World Mobility is dedicated to being a top provider of workforce mobility services and this conference is a great opportunity to connect and learn with others in our industry.”
Knowing how to navigate the ins and outs of the global talent landscape and international human resources management are ever-important skills. Attendees are introduced to incredible resources, best practices and industry connections in an effort to support their success. The conference features several keynote speakers including Sheryl Sandberg of Facebook and Adam Grant, a New York Times best-selling author. Additionally, SHRM is offering close to 200 breakout sessions covering topics in business and HR strategy, HR compliance, global HR, professional development, talent management and total rewards.
*About Crown World Mobility: *Crown World Mobility (www.crownworldmobility.com) is a division of the Crown Worldwide Group, established in 1965 and headquartered in Hong Kong. Crown World Mobility helps corporations manage global talent and talented individuals perform on the global stage. Crown's approach is to work with all stakeholders to find the right solution, implementing a global mobility program that is successful for the whole organization. This often means finding a unique solution, which Crown has the experience and capability to deliver.
For more information on Crown World Mobility, visit www.crownworldmobility.com.
Media Contact:
Leslie Licano
leslie@beyondfifteen.com
(949) 733-8679 ext. 101 Reported by GlobeNewswire 11 minutes ago.
DANBURY, Conn., June 12, 2018 (GLOBE NEWSWIRE) -- Crown World Mobility (CWM) – the provider of domestic and international end-to-end workforce mobility solutions and talent management strategies – is sending four executive delegates to this year’s Society for Human Resources Management (SHRM) Annual Conference and Exposition. Industry leaders from around the world will gather at the event held June 17-20 in Chicago.Crown World Mobility’s executive representatives understand the global conditions for placing and retaining talent both domestically and internationally and will be available to connect at CWM’s booth *#2655.*
“We’re excited to be attending this year’s conference,” says Robert Leotti, VP Business Development, North America. “Crown World Mobility is dedicated to being a top provider of workforce mobility services and this conference is a great opportunity to connect and learn with others in our industry.”
Knowing how to navigate the ins and outs of the global talent landscape and international human resources management are ever-important skills. Attendees are introduced to incredible resources, best practices and industry connections in an effort to support their success. The conference features several keynote speakers including Sheryl Sandberg of Facebook and Adam Grant, a New York Times best-selling author. Additionally, SHRM is offering close to 200 breakout sessions covering topics in business and HR strategy, HR compliance, global HR, professional development, talent management and total rewards.
*About Crown World Mobility: *Crown World Mobility (www.crownworldmobility.com) is a division of the Crown Worldwide Group, established in 1965 and headquartered in Hong Kong. Crown World Mobility helps corporations manage global talent and talented individuals perform on the global stage. Crown's approach is to work with all stakeholders to find the right solution, implementing a global mobility program that is successful for the whole organization. This often means finding a unique solution, which Crown has the experience and capability to deliver.
For more information on Crown World Mobility, visit www.crownworldmobility.com.
Media Contact:
Leslie Licano
leslie@beyondfifteen.com
(949) 733-8679 ext. 101 Reported by GlobeNewswire 11 minutes ago.
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Hong Kong workers feel they are not equipped with the right skills for digital economy: Survey
More than half of Hong Kong’s workforce believe that their jobs are under threat from the rapid growth of the digital economy, while over 40 per cent feel that they do not have the right skills to compete in it, a survey has found. The survey was conducted by tech consultants IDC for Workday, a major provider of enterprise cloud applications for finance and human resources, and it polled over 1,400 employees from nine Asia-Pacific countries to assess their attitudes towards the digital...
Reported by S.China Morning Post 6 hours ago.
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Hong Kong bourse raises CEO’s annual salary to HK$9.3 million, before bonus and stock options
Hong Kong Exchanges and Clearing Limited (HKEX) has raised the salary of its chief executive by 3.5 per cent as it renews his contract for three more years, rewarding him for leading the 2017 overhaul in listing rules that could return the world’s fourth-largest equity bourse to pole position in the global race for fundraising. Charles Li Xiaojia, a former JPMorgan Chase banker, will receive HK$9.35 million (US$1.20 million) in basic salary every year until 15 October, 2021, according to...
Reported by S.China Morning Post 5 hours ago.
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Jacobson Pharma Updates on TAILORx Study
Landmark TAILORx Results, Published in The New England Journal of Medicine, Demonstrate the Oncotype DX Breast Recurrence Score Test Definitively Identifies the 70% of Women with Early-stage Breast Cancer Who Receive No Benefit from Chemotherapy, and the 30% of Women for Whom Chemotherapy Benefit Can be Life-saving
HONG KONG, Jun 13, 2018 - (ACN Newswire) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Group"; Stock Code: 2633), the Hong Kong and Macau exclusive distributor of Genomic Health, Inc. (NASDAQ: GHDX), the world's leading provider of genomic-based diagnostic tests, is pleased to share that the Trial Assigning IndividuaLized Options for Treatment (Rx), or TAILORx, successfully defined the benefit of chemotherapy in early-stage breast cancer patients with Oncotype DX Breast Recurrence Score results of 11 to 25. The long-awaited results of the TAILORx study, the largest ever breast cancer treatment trial, sponsored by the National Cancer Institute (NCI), and led by the ECOG-ACRIN Cancer Research Group (ECOG-ACRIN), provided definitive evidence that the Oncotype DX Breast Recurrence Score test identified 70 per cent of early-stage breast cancer patients who received no benefit from chemotherapy, and can be effectively treated with endocrine therapy alone. Additionally, the trial established that chemotherapy may provide life-saving benefit to 30 per cent of patients.
The TAILORx results were published on June 3rd in The New England Journal of Medicine in conjunction with a presentation during the Plenary Session at the 2018 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, United States.
The Oncotype DX gene expression tests carried out by Genomic Health have been used to guide treatment decisions for more than 900,000 cancer patients in more than 90 countries. The Oncotype DX tests have redefined personalized medicine by making genomics a critical part of cancer diagnosis and treatment.
Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, said, "Breast cancer is one of the most common types of cancerous disease with about 4,000 new cases found in Hong Kong, as well as about 270,000 new cases in China. . Jacobson has been the exclusive distributor of Genomic Health in Hong Kong and Macau for 10 years. We are confident that with our close collaboration with Genomic Health and our in-depth experiences in the relevant markets, we are well positioned to continue expanding business opportunities emerging in this arena."
About Jacobson Pharma Corporation Limited (Stock Code: 2633)
Jacobson Pharma is the largest generic drug company in Hong Kong with over 30% share of the total generic drug market for each year since 2012. The Group's proprietary medicines, notably being Po Chai Pills, Tong Tai Chung Woodlok Oil, Ho Chai Kung Tji Thung San, Contractubex Scar Gel Doan's Ointment, Flying Eagle Wood Lok Medicated Oil, Saplingtan, Shiling Oil and Col-gan Tablet have been widely recognized by the market. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com
For media enquiries, please contact:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Stephanie Liu Tel: (852) 2864 4852 Email: stephanie.liu@sprg.com.hk
Queenie Chan Tel: (852) 2864 4851 Email: queenie.chan@sprg.com.hk
Fax: (852) 2527 1196Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com Reported by ACN Newswire 9 minutes ago.
HONG KONG, Jun 13, 2018 - (ACN Newswire) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Group"; Stock Code: 2633), the Hong Kong and Macau exclusive distributor of Genomic Health, Inc. (NASDAQ: GHDX), the world's leading provider of genomic-based diagnostic tests, is pleased to share that the Trial Assigning IndividuaLized Options for Treatment (Rx), or TAILORx, successfully defined the benefit of chemotherapy in early-stage breast cancer patients with Oncotype DX Breast Recurrence Score results of 11 to 25. The long-awaited results of the TAILORx study, the largest ever breast cancer treatment trial, sponsored by the National Cancer Institute (NCI), and led by the ECOG-ACRIN Cancer Research Group (ECOG-ACRIN), provided definitive evidence that the Oncotype DX Breast Recurrence Score test identified 70 per cent of early-stage breast cancer patients who received no benefit from chemotherapy, and can be effectively treated with endocrine therapy alone. Additionally, the trial established that chemotherapy may provide life-saving benefit to 30 per cent of patients.
The TAILORx results were published on June 3rd in The New England Journal of Medicine in conjunction with a presentation during the Plenary Session at the 2018 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, United States.
The Oncotype DX gene expression tests carried out by Genomic Health have been used to guide treatment decisions for more than 900,000 cancer patients in more than 90 countries. The Oncotype DX tests have redefined personalized medicine by making genomics a critical part of cancer diagnosis and treatment.
Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, said, "Breast cancer is one of the most common types of cancerous disease with about 4,000 new cases found in Hong Kong, as well as about 270,000 new cases in China. . Jacobson has been the exclusive distributor of Genomic Health in Hong Kong and Macau for 10 years. We are confident that with our close collaboration with Genomic Health and our in-depth experiences in the relevant markets, we are well positioned to continue expanding business opportunities emerging in this arena."
About Jacobson Pharma Corporation Limited (Stock Code: 2633)
Jacobson Pharma is the largest generic drug company in Hong Kong with over 30% share of the total generic drug market for each year since 2012. The Group's proprietary medicines, notably being Po Chai Pills, Tong Tai Chung Woodlok Oil, Ho Chai Kung Tji Thung San, Contractubex Scar Gel Doan's Ointment, Flying Eagle Wood Lok Medicated Oil, Saplingtan, Shiling Oil and Col-gan Tablet have been widely recognized by the market. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com
For media enquiries, please contact:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Stephanie Liu Tel: (852) 2864 4852 Email: stephanie.liu@sprg.com.hk
Queenie Chan Tel: (852) 2864 4851 Email: queenie.chan@sprg.com.hk
Fax: (852) 2527 1196Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com Reported by ACN Newswire 9 minutes ago.
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ZTE stock falls after US penalties over Iran, North Korea
BEIJING (AP) — Shares in ZTE Corp. have fallen 41.5 percent in Hong Kong after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers.Shares resumed trading Tuesday...
Reported by New Zealand Herald 5 hours ago.
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iCrossing Partners with 4C to Scale Audience-Driven Advertising Across Digital Channels
Global Partnership and Audience Intelligence Trends Will Be Discussed During Cannes Lions Panel
CHICAGO, June 13, 2018 (GLOBE NEWSWIRE) -- 4C, a global data science and marketing technology company, today announced a partnership with iCrossing, a global, full-service digital marketing agency. Through this partnership, iCrossing will leverage the Scope by 4C™ platform to deliver audience-driven campaigns.iCrossing will utilize Scope as a consolidated, audience-centric marketing tool for discovery, execution, and analysis across premium private marketplaces such as Apple News, Facebook, Instagram, LinkedIn, Pinterest, Snapchat, and Twitter. Deploying one unified platform across clients will enable more efficiency and scale – with tools for creative management, automated budget pacing, and consolidated reporting – as well as innovation in how campaigns are delivered.
“iCrossing delivers business results for clients by prioritizing rich data, creative storytelling, quality content, and transparent analysis,” said Jeff Ratner, Chief Media Officer, iCrossing. “4C’s Scope platform supports these priorities and will elevate campaign outcomes by enabling a truly audience-centric approach to iCrossing’s media targeting, activation, and measurement.”
“The best marketers today apply audience intelligence across channels and devices to drive consumers to action,” said Aaron Goldman, Chief Marketing Officer, 4C. “iCrossing is building on its legacy of innovation and performance by leveraging Scope by 4C as the connective tissue between otherwise disconnected platforms.”
iCrossing and 4C will discuss the partnership as well as the industry shift to audience-centric marketing in a panel during the Cannes Lions International Festival of Creativity. The session, taking place on Thursday, June 21 at 10:00am CEST, will feature Jeff Ratner, Aaron Goldman, Matt Spiegel, Managing Director, MediaLink, and Bill Wise, CEO, Mediaocean. Visit www.icrossing.com/cannes2018 for more details.
Visit www.4cinsights.com/Scope to learn more about the only self-serve platform for audience discovery, media execution, and performance analysis across TV, digital, social, and mobile.
*About 4C Insights*
4C is global marketing technology company that delivers a unified platform for audience discovery, media execution, and performance analysis. Leading brands, global agencies, and media owners trust the Scope by 4C™ platform to identify their most valuable audiences and reach them across channels and devices. With nearly $2 billion in annualized advertising spend running through Scope, 4C enables self-service activation on Apple News, Facebook, Instagram, LinkedIn, NBCUniversal, Pinterest, Snapchat, and Twitter as well as TV synced ads via display, search, social, and video. The company also provides paid, earned, and owned media analytics leveraging its Teletrax™ television monitoring network which detects over 400 million TV asset airings on an annual basis. Founded in 2011 and based in Chicago, 4C has staff in 16 worldwide locations across the United States, United Kingdom, the Netherlands, France, Hong Kong, India, Singapore, and the Philippines. Visit www.4Cinsights.com for more information.
*About iCrossing*
iCrossing is a digital marketing agency that lives at the junction of creativity, technology and data. A unit of Hearst Magazines, iCrossing offers a competitive advantage for its global client base with access to the vast content and data from one of the world’s largest independent media, information and entertainment companies. Visit www.icrossing.com for more information.
*Media Contact*
Kari Brownsberger
VP, Marketing Communications
Kari.brownsberger@4cinsights.com Reported by GlobeNewswire 5 hours ago.
CHICAGO, June 13, 2018 (GLOBE NEWSWIRE) -- 4C, a global data science and marketing technology company, today announced a partnership with iCrossing, a global, full-service digital marketing agency. Through this partnership, iCrossing will leverage the Scope by 4C™ platform to deliver audience-driven campaigns.iCrossing will utilize Scope as a consolidated, audience-centric marketing tool for discovery, execution, and analysis across premium private marketplaces such as Apple News, Facebook, Instagram, LinkedIn, Pinterest, Snapchat, and Twitter. Deploying one unified platform across clients will enable more efficiency and scale – with tools for creative management, automated budget pacing, and consolidated reporting – as well as innovation in how campaigns are delivered.
“iCrossing delivers business results for clients by prioritizing rich data, creative storytelling, quality content, and transparent analysis,” said Jeff Ratner, Chief Media Officer, iCrossing. “4C’s Scope platform supports these priorities and will elevate campaign outcomes by enabling a truly audience-centric approach to iCrossing’s media targeting, activation, and measurement.”
“The best marketers today apply audience intelligence across channels and devices to drive consumers to action,” said Aaron Goldman, Chief Marketing Officer, 4C. “iCrossing is building on its legacy of innovation and performance by leveraging Scope by 4C as the connective tissue between otherwise disconnected platforms.”
iCrossing and 4C will discuss the partnership as well as the industry shift to audience-centric marketing in a panel during the Cannes Lions International Festival of Creativity. The session, taking place on Thursday, June 21 at 10:00am CEST, will feature Jeff Ratner, Aaron Goldman, Matt Spiegel, Managing Director, MediaLink, and Bill Wise, CEO, Mediaocean. Visit www.icrossing.com/cannes2018 for more details.
Visit www.4cinsights.com/Scope to learn more about the only self-serve platform for audience discovery, media execution, and performance analysis across TV, digital, social, and mobile.
*About 4C Insights*
4C is global marketing technology company that delivers a unified platform for audience discovery, media execution, and performance analysis. Leading brands, global agencies, and media owners trust the Scope by 4C™ platform to identify their most valuable audiences and reach them across channels and devices. With nearly $2 billion in annualized advertising spend running through Scope, 4C enables self-service activation on Apple News, Facebook, Instagram, LinkedIn, NBCUniversal, Pinterest, Snapchat, and Twitter as well as TV synced ads via display, search, social, and video. The company also provides paid, earned, and owned media analytics leveraging its Teletrax™ television monitoring network which detects over 400 million TV asset airings on an annual basis. Founded in 2011 and based in Chicago, 4C has staff in 16 worldwide locations across the United States, United Kingdom, the Netherlands, France, Hong Kong, India, Singapore, and the Philippines. Visit www.4Cinsights.com for more information.
*About iCrossing*
iCrossing is a digital marketing agency that lives at the junction of creativity, technology and data. A unit of Hearst Magazines, iCrossing offers a competitive advantage for its global client base with access to the vast content and data from one of the world’s largest independent media, information and entertainment companies. Visit www.icrossing.com for more information.
*Media Contact*
Kari Brownsberger
VP, Marketing Communications
Kari.brownsberger@4cinsights.com Reported by GlobeNewswire 5 hours ago.
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How tech companies improve employees mental and physical health and boost productivity
Workers at the Hong Kong base of global cybersecurity company Chengbao relish their autonomy. Instead of chafing under rigid working hours, Chengbao’s flexible work arrangements require employees to be in the office only during the core hours of 11am to 5pm. Outside that, they are free to do as they please. Varona Chan is an office manager in the internal recruitment department. She appreciates the culture at this organisation so much that she can’t picture going back to a local...
Reported by S.China Morning Post 5 hours ago.
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Hong Kong bank manager stole HK$174 million from Standard Chartered Bank to cover up HK$200,000 theft from client
A bank manager who stole HK$200,000 (US$25,000) from a client she said then threatened her into stealing a whopping HK$174 million was jailed for 10 years on Wednesday. Lau Lai, a senior branch operations and services manager at Standard Chartered Bank, claimed Nie Ho-yin made death threats against her after the initial theft in 2008. Lau said she was under extreme duress when she used forged documents to convince her colleagues to move the staggering amount to Nie’s bank account over the...
Reported by S.China Morning Post 5 hours ago.
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Loan-sharking syndicate in Hong Kong that lent money at interest rates of up to 670 per cent broken with arrest of 15 people
A triad-controlled loan-sharking syndicate that lent money to borrowers at interest rates of up to 670 per cent a year was broken by Hong Kong police with the arrest of 15 people in raids across the city. Superintendent Ewing Wu Ka-yan of Kowloon East regional crime unit said the charge was more than 10 times the city’s legal interest rate of 60 per cent a year. He said initial investigation showed at least 100 debtors had borrowed money from the syndicate, which had been in operation for...
Reported by S.China Morning Post 5 hours ago.
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Everything you need to know about Tether, the cryptocurrency academics claim was used to manipulate bitcoin
**· *Bitcoin fell on Wednesday after an academic paper claimed the cryptocurrency's run to $20,000 appeared to be driven by market manipulation.*
· *The alleged manipulation centres around exchange Bitfinex and the cryptocurrency Tether, which it is closely linked to.*
· *The paper claims Bitfinex used Tether to buy bitcoin at times of low demand and prop up the price. Bitfinex denies this.*
· *It's not the first time concerns about Tether have surfaced. Rumours have been circulating that Tether, a crypto pegged to the dollar, does not have the currency reserves to back it up. **The company behind Tether strongly denies allegations.*
--------------------LONDON — Cryptocurrency Tether is back in the headlines for all the wrong reasons.
Academics at the University of Texas published a paper on Wednesday alleging that Tether was last year used to manipulate the price of bitcoin, propping up its run to $20,000 last December.
Concerns have been swirling in the cryptocurrency market for months about Tether, a cryptocurrency issued by Tether Limited. The price of bitcoin dived in February after news that Bitfinex and Tether had been subpoenaed by the US Commodity Futures Trading Commission (CFTC).
Tether is meant to be backed one-for-one by the US dollar. It plays a central role in the operation of many leading cryptocurrency exchanges, including Bitfinex, but critics suggest it doesn't have the dollar reserves it claims. Bitfinex denies this. If this theory is true, it has the potential to crash the price of bitcoin and potentially hobble the operations of many exchanges.
Here's what you need to know:
*What is Tether?*
Tether is a cryptocurrency that's meant to be backed one-for-one by the US dollar. The idea is to have the price stability of the dollar combined with the operational ability of a cryptocurrency. It's what people in the crypto world call a "stable coin."
The cryptocurrency was created in 2015, originally called Realcoin, and there is $2 billion-worth of so-called USDT in circulation today, according to industry data source CoinMarketCap.com. It was hit by a $31 million hack last November.
*Who is behind it?*
Tether tokens are issued by Tether Limited, a company based in the British Virgin Islands according to the New York Times. Tether's website says it is incorporated in Hong Kong, with offices in the US.
The company has many of the same management team as Bitfinex, the Hong Kong-based cryptocurrency exchange that is one of the biggest in the world. Jan Ludovicus van der Velde is CEO of both Bitfinex and Tether, and Philip Potter is chief strategy officer for both businesses, for example.
*Who uses Tether?*
"Anybody who's trading on some of the major exchanges [holds Tethers]," Mati Greenspan, a market analyst with eToro, told Business Insider. "What exchanges like Bitfinex do is, rather than having a client's balance held in dollars, they hold them in USDT. So if somebody's got their money on an exchange such as Bitfinex and they don't have any current open positions, they're actually probably in Tether."
Many cryptocurrency exchanges have difficulty working with traditional banks, who are wary of working with crypto businesses. Tether offers a stable alternative, offering the low volatility of the dollar to both exchanges and users.
An industry source who didn't want to be quoted told BI: "Tether is used by crypto-to-crypto exchanges as it allows them to price crypto assets in USD without having to maintain/own USD-denominated bank accounts – this is of particular interest to many platforms due to the difficulties involved in maintaining banking relationships in the crypto space."
Tether's website says that it "allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives." Holding client funds as Tether means exchanges can cut down on transaction costs until a client wants to redeem their funds as dollars. Then, Tether can be exchanged for those dollars.
Traders also use USDT to lock in returns during times of volatility and also transfer funds from one platform to another.
*Why are people worried?*
The company that controls and issues Tether is meant to hold US dollar reserves to back up all of the Tethers that have been issued — a little like the Federal Reserve backstops dollars with gold. In theory, Tether holders can sell one USDT back to Tether Limited for $1.
But fears have emerged in the cryptocurrency community that Tether Limited doesn't hold sufficient currency reserves to back all the Tethers in circulation.
"The claim is — and the claim has been growing lately — that they're not holding those reserves," Greenspan told BI. "They haven't been incredibly transparent about where they're holding them and how much they're holding in different places."
The New York Times reported in November: "One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up."
A recent anonymous statistical analysis of Tether published online and circulated in the crypto community made the same claim, saying: "It is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions."
The report claims that the printing of Tethers tends to coincide with a dip in the price of bitcoin, suggesting it may be being used to buy up cheap bitcoin.
"Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet," the analysis said.
The University of Texas at Austin's paper supports this conclusion. The two academics who wrote it looked at Tether activity over the last two years and concluded that the price patterns are "most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices," and bitcoin specifically.
$850 million worth of new Tethers were printed in January alone and many market participants are worried about the pace at which new Tethers are being minted without proper documentation showing their backing.
Tether published an accounting document last September meant to verify its holdings but a lawyer told the New York Times that the phrasing of the document "did not prove that the Tether coins are backed by dollars."
Accountants Friedman LLP prepared that document and were auditing Tether's books fully, but the relationship "dissolved" in January.
*What could it mean for crypto markets?*
If there is a problem with Tether, it could have wider knock-on effects for the cryptocurrency market as a whole due to its central role in many exchanges.
"The issue is that the volumes against Tether have been growing lately," Greenspan said. "If there aren't sufficient reserves in US dollars, then the price of Tether should not then be pegged to the US dollar and it'll just be decided by the market."
The fear is that a collapse in the price of Tether could also bring about a collapse in the price of bitcoin and other crypto assets that people have been trading with USDT.
If Tether becomes untethered from the dollar then it will also cause problems for exchanges that use it as a proxy for client funds. This could potentially create liquidity issues and, in a worst-case scenario, force them to seek extra capital. Wired wrote this week: "If traders lose faith in tether, they could end up triggering the crypto version of a bank run."
*What does the company behind it say?*
Tether Limited has strongly denied all the accusations against it, insisting that it has the dollar reserves to back up all Tethers in circulation and saying it is using its funds properly.
The company said in a statement in December that it is aware of "questions and doubts throughout the community" but said it "cannot disclose much about ongoing investigations," related to the hack in November.
It said that accusations it does not hold dollars to back up its cryptocurrency are "uninformed and baseless" but admitted that it "cannot create or redeem tether for any U.S.-based customers at this time." The company has hired a law firm to take legal action against the person behind the anonymous Bitfinex'ed Twitter account.
Tether told Business Insider in an emailed response to questions about its audit:
"We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success.
"We remain committed to the process and, as we’ve consistently done, we will continue to provide material updates at the appropriate times."
The company told Bloomberg in an email responding to the CFTC subpoena: "We routinely receive legal process from law enforcement agents and regulators conducting investigations. It is our policy not to comment on any such requests."
CEO JL van der Velde said in a statement addressing the University of Texas at Austin paper: "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex."
Join the conversation about this story »
NOW WATCH: From affordable housing to money transfers for immigrants — a $1 billion impact investor explains how she makes money while making the world a better place Reported by Business Insider 5 hours ago.
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Land reserved for Hong Kong Disneyland expansion can be used for other short-term events, government says
Idle land earmarked for the future expansion of the Hong Kong Disneyland theme park could be used for short-term entertainment events if needed, the government said on Wednesday. However, modular housing, as suggested by a lawmaker, would not be considered as it was more of a long-term project and “not compatible” with the use of the reserved land, Secretary for Commerce and Economic Development Edward Yau Tang-wah told a Legislative Council meeting. “Short-term events such as...
Reported by S.China Morning Post 5 hours ago.
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Over 50 dogs and puppies saved from a horrific South Korean dog meat farm are now safe and Montreal-bound
Humane Society International/Canada calls for volunteer and public support in caring for severely neglected dogs at temporary emergency shelter
MONTREAL, June 13, 2018 (GLOBE NEWSWIRE) -- More than 50 dogs on a South Korean dog meat farm have escaped the cooking pot barely a month before the start of the Bok Nal summer season, during which more than one million dogs are eaten as ‘bosintang’ soup. Humane Society International has worked in South Korea for three years, permanently closing dog meat farms and helping farmers switch to alternative livelihoods as part of its strategy to demonstrate that the cruel trade can be phased out.HSI reached an agreement with the facility’s owner, who has bred dogs for human consumption for four years in Namyangju-si, Gyeonggi-do, but now plans to expand his more profitable water parsley business. This will be the 12th dog meat farm closed down by HSI, which has so far flown more than 1,300 dogs to Canada, the U.S. and the UK to receive critical care and to have the opportunity to find forever homes.
These latest 50 dogs – including terrier crosses, Jindo mixes and Labrador mixes – are in the process of being transported to Humane Society International/Canada’s emergency shelter in Montreal, where they will receive urgently needed veterinary care, nutrition and socialization. Meanwhile, back in South Korea, HSI’s Seoul-based campaigners are publicizing the images from the farm to raise awareness as the Bok Nal season approaches and dog meat soup appears on menus more frequently.
Rebecca Aldworth, executive director for HSI/Canada, said: “My heart broke when I walked onto this dog meat farm. Multiple dogs were crammed into barren wire cages, with no protection from the elements. Some dogs had scarring and injuries from fights with cage mates due to the intense frustration and boredom of living inside small, confined cages day in and day out. They had subsisted on a stomach-turning slop made from ground up restaurant waste, and they never received fresh water. Most dogs were absolutely terrified, but as we moved them out of their cages, they seemed to know we were there to help them. Thanks to our incredible supporters, these wonderful dogs will all be safe now, and will get the care and love they so badly need.”
HSI/South Korea campaign manager Nara Kim, stated, “This farm is typical of many smaller dog meat farms we see across South Korea - dilapidated cages, squalid conditions, dogs in appalling conditions, some barely clinging to life when our rescue team arrives. It’s vital that we show Koreans the grim reality of these places because most people have no idea and are really horrified. Although the practice of eating dog is on the decline, and we anticipate it will ultimately die out, during the Bok Nal days of summer we still see an increase in people eating dog meat soup. We hope to change that by exposing the disgusting and cruel conditions, and we hope also to influence the government as a growing number of South Koreans are calling on our politicians to shut down this brutal trade.”
The owner of the dog meat facility, Mr. Shin, was eager to join HSI’s dog meat farm closure program after hearing from other former dog farmers working with the charity. With profits from dog farming dwindling, and his water parsley business booming, Mr Shin realised that the dog eating business is a dead-end industry. Once HSI rescues the dogs, the cages will be dismantled and Mr Shin will focus full time on his crop growing.
More than 2.5 million dogs are reared on thousands of dog meat farms across South Korea each year. Many of the dogs in HSI’s latest rescue are suffering from painful skin diseases and swollen paws that will be treated in Canada. One of the rescued dogs, a cocker spaniel named Louis, was abandoned as a pet dog, and despite living in terrible conditions, he is still very loving and craves human affection. Another dog on the farm, Kaya, is a wonderful Jindo mix and a devoted mum to puppies HSI hopes will soon forget their sad days spent on a dog meat farm.
These rescues would not be possible without the tireless and generous support of Friends of HSI, the Eric S. Margolis Family Foundation, La Fondation Emmanuelle Gattuso, Sharp Transportation, and our incredible shelter staff and volunteers.
*FACTS:*
· The Bok Nal days are not a festival or single event, but the three hottest days spanning the summer months according to the lunar calendar, this year falling on July 17 (Cho Bok), July 27 (Jung Bok) and August 16 (Mal Bok).
· Bok Nal accounts for 70-80 percent of the dog meat eaten in South Korea, mainly as a soup called bosintang that is believed to improve stamina and virility.
· In addition to their life of suffering on the farm, the method used to kill the dogs is brutal - death by electrocution is most common, with dogs usually taking up to five minutes to die, (and there have been recorded instances of dogs taking up to 20 minutes to die). Hanging is also practiced. Dogs are killed in full view of other dogs.
· The dog meat industry is in legal limbo in South Korea, neither legal nor illegal. Many provisions of the Animal Protection Act are routinely breached, such as the ban on killing animals in a brutal way including hanging by the neck, and on killing them in public areas or in front of other animals of the same species.
· In China, Vietnam, Indonesia, India and other places across Asia an estimated 30 million dogs are killed and eaten each year. However, Hong Kong, the Philippines, Taiwan, Thailand and Singapore have dog meat bans in place.
· At each dog meat farm closure, HSI has a veterinarian test for the presence of the H3N2, or dog flu, virus at the time the dogs receive their vaccinations. HSI then quarantines the dogs on the farm or at a temporary shelter with no dogs permitted in or out for at least 30 days prior to transport overseas.
For interview requests, please call or email media contact below. To download high-resolution photos, click here; then click “create account” at the top of the page.
*Media Contact: *Aviva Vetter – cell: 514-975-9720, email: avetter@hsi.org
*Humane Society International/Canada* is a leading force for animal protection, with active programs in companion animals, wildlife and habitat protection, marine mammal preservation, farm animal welfare and animals in research. HSI/Canada is proud to be a part of Humane Society International which, together with its partners, constitutes one of the world's largest animal protection organizations. Celebrating animals and confronting cruelty worldwide - on the web at www.hsicanada.ca. Reported by GlobeNewswire 4 hours ago.
MONTREAL, June 13, 2018 (GLOBE NEWSWIRE) -- More than 50 dogs on a South Korean dog meat farm have escaped the cooking pot barely a month before the start of the Bok Nal summer season, during which more than one million dogs are eaten as ‘bosintang’ soup. Humane Society International has worked in South Korea for three years, permanently closing dog meat farms and helping farmers switch to alternative livelihoods as part of its strategy to demonstrate that the cruel trade can be phased out.HSI reached an agreement with the facility’s owner, who has bred dogs for human consumption for four years in Namyangju-si, Gyeonggi-do, but now plans to expand his more profitable water parsley business. This will be the 12th dog meat farm closed down by HSI, which has so far flown more than 1,300 dogs to Canada, the U.S. and the UK to receive critical care and to have the opportunity to find forever homes.
These latest 50 dogs – including terrier crosses, Jindo mixes and Labrador mixes – are in the process of being transported to Humane Society International/Canada’s emergency shelter in Montreal, where they will receive urgently needed veterinary care, nutrition and socialization. Meanwhile, back in South Korea, HSI’s Seoul-based campaigners are publicizing the images from the farm to raise awareness as the Bok Nal season approaches and dog meat soup appears on menus more frequently.
Rebecca Aldworth, executive director for HSI/Canada, said: “My heart broke when I walked onto this dog meat farm. Multiple dogs were crammed into barren wire cages, with no protection from the elements. Some dogs had scarring and injuries from fights with cage mates due to the intense frustration and boredom of living inside small, confined cages day in and day out. They had subsisted on a stomach-turning slop made from ground up restaurant waste, and they never received fresh water. Most dogs were absolutely terrified, but as we moved them out of their cages, they seemed to know we were there to help them. Thanks to our incredible supporters, these wonderful dogs will all be safe now, and will get the care and love they so badly need.”
HSI/South Korea campaign manager Nara Kim, stated, “This farm is typical of many smaller dog meat farms we see across South Korea - dilapidated cages, squalid conditions, dogs in appalling conditions, some barely clinging to life when our rescue team arrives. It’s vital that we show Koreans the grim reality of these places because most people have no idea and are really horrified. Although the practice of eating dog is on the decline, and we anticipate it will ultimately die out, during the Bok Nal days of summer we still see an increase in people eating dog meat soup. We hope to change that by exposing the disgusting and cruel conditions, and we hope also to influence the government as a growing number of South Koreans are calling on our politicians to shut down this brutal trade.”
The owner of the dog meat facility, Mr. Shin, was eager to join HSI’s dog meat farm closure program after hearing from other former dog farmers working with the charity. With profits from dog farming dwindling, and his water parsley business booming, Mr Shin realised that the dog eating business is a dead-end industry. Once HSI rescues the dogs, the cages will be dismantled and Mr Shin will focus full time on his crop growing.
More than 2.5 million dogs are reared on thousands of dog meat farms across South Korea each year. Many of the dogs in HSI’s latest rescue are suffering from painful skin diseases and swollen paws that will be treated in Canada. One of the rescued dogs, a cocker spaniel named Louis, was abandoned as a pet dog, and despite living in terrible conditions, he is still very loving and craves human affection. Another dog on the farm, Kaya, is a wonderful Jindo mix and a devoted mum to puppies HSI hopes will soon forget their sad days spent on a dog meat farm.
These rescues would not be possible without the tireless and generous support of Friends of HSI, the Eric S. Margolis Family Foundation, La Fondation Emmanuelle Gattuso, Sharp Transportation, and our incredible shelter staff and volunteers.
*FACTS:*
· The Bok Nal days are not a festival or single event, but the three hottest days spanning the summer months according to the lunar calendar, this year falling on July 17 (Cho Bok), July 27 (Jung Bok) and August 16 (Mal Bok).
· Bok Nal accounts for 70-80 percent of the dog meat eaten in South Korea, mainly as a soup called bosintang that is believed to improve stamina and virility.
· In addition to their life of suffering on the farm, the method used to kill the dogs is brutal - death by electrocution is most common, with dogs usually taking up to five minutes to die, (and there have been recorded instances of dogs taking up to 20 minutes to die). Hanging is also practiced. Dogs are killed in full view of other dogs.
· The dog meat industry is in legal limbo in South Korea, neither legal nor illegal. Many provisions of the Animal Protection Act are routinely breached, such as the ban on killing animals in a brutal way including hanging by the neck, and on killing them in public areas or in front of other animals of the same species.
· In China, Vietnam, Indonesia, India and other places across Asia an estimated 30 million dogs are killed and eaten each year. However, Hong Kong, the Philippines, Taiwan, Thailand and Singapore have dog meat bans in place.
· At each dog meat farm closure, HSI has a veterinarian test for the presence of the H3N2, or dog flu, virus at the time the dogs receive their vaccinations. HSI then quarantines the dogs on the farm or at a temporary shelter with no dogs permitted in or out for at least 30 days prior to transport overseas.
For interview requests, please call or email media contact below. To download high-resolution photos, click here; then click “create account” at the top of the page.
*Media Contact: *Aviva Vetter – cell: 514-975-9720, email: avetter@hsi.org
*Humane Society International/Canada* is a leading force for animal protection, with active programs in companion animals, wildlife and habitat protection, marine mammal preservation, farm animal welfare and animals in research. HSI/Canada is proud to be a part of Humane Society International which, together with its partners, constitutes one of the world's largest animal protection organizations. Celebrating animals and confronting cruelty worldwide - on the web at www.hsicanada.ca. Reported by GlobeNewswire 4 hours ago.
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Sharing Economy International shares pop on plans to set up North Korean website
The Chinese rental business Sharing Economy International Inc (NASDAQ:SEII) today announced that it is set to introduce an online website platform in North Korea after entering into a license agreement with Ecrent Capital Holdings. Sharing Economy, which is based in China’s Jiangsu Province, will pay the Hong Kong-based Ecrent a maximum of US$1mln for its help in setting up shop in North Korea as part of a licensing agreement, which expires in December of 2023. In the wake of the recent summit between President Donald Trump and North Korea’s leader Kim Jong-un, Tin Chi Chan, chief executive of Sharing Economy International, is eager to introduce his company’s online rental business in North Korea. “We strongly believe that the potential opening of the North Korean market provides a unique opportunity for us to develop both online and offline sharing economy business models in the region that would greatly benefit the North Korean people,” said Tin Chi Chan in a statement. “Given the limited means of the population, the opportunity to share products and services instead of purchasing them outright can lower the costs incurred and enhance the quality of life of North Korean citizens,” he added. Sharing Economy develops online platforms and rental business partnerships. Ecrent also specializes in an array of rental businesses, ranging from tools to transport and professional services. Investors sent Sharing Economy’s shares up by close to 22% in pre-market trade.
Reported by Proactive Investors 4 hours ago.
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Sharing Economy International shares pop on its plans to set up North Korean website
The Chinese rental business Sharing Economy International Inc (NASDAQ:SEII) today announced that it is set to introduce an online website platform in North Korea after entering into a license agreement with Ecrent Capital Holdings. Sharing Economy, which is based in China’s Jiangsu Province, will pay the Hong Kong-based Ecrent a maximum of US$1mln for its help in setting up shop in North Korea as part a licensing agreement, which expires in December of 2023. In the wake of the recent summit between President Donald Trump and North Korea’s leader Kim Jong-un, Tin Chi Chan, chief executive of Sharing Economy International, is eager to introduce his company’s online rental business in North Korea. “We strongly believe that the potential opening of the North Korean market provides a unique opportunity for us to develop both online and offline sharing economy business models in the region that would greatly benefit the North Korean people,” said Tin Chi Chan in a statement. “Given the limited means of the population, the opportunity to share products and services instead of purchasing them outright can lower the costs incurred and enhance the quality of life of North Korean citizens,” he added. Sharing Economy develops online platforms and rental business partnerships. Ecrent also specializes in an array of rental businesses, ranging from tools to transport and professional services. Investors sent Sharing Economy’s shares up by close to 22% in pre-market trade.
Reported by Proactive Investors 4 hours ago.
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