KUALA LUMPUR, July 14 -- Analog Devices Inc (ADI) and Maxim Integrated Products Inc have entered into a definitive agreement, under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over US$68 billion. (US$1 = RM4.268)
The transaction, which was unanimously approved by the Boards of Directors of both companies, will strengthen ADI as an analog semiconductor leader with increased breadth and scale across multiple attractive end markets.
Under terms of the agreement, Maxim stockholders will receive 0.63 of a share of ADI common stock for each share of Maxim common stock they hold at the closing of the transaction.
According to a statement, upon closing, current ADI stockholders will own approximately 69 per cent of the combined company, while Maxim stockholders will own about 31 per cent.
The transaction is intended to qualify as a tax-free reorganisation for the United States (US) federal income tax purposes.
Upon closing, two Maxim directors will join ADI’s Board of Directors, including Maxim President and Chief Executive Officer, Tunç Doluca.
The transaction is expected to close in the summer of 2021, subject to the satisfaction of customary closing conditions, including receipt of US and certain non-US regulatory approvals, and approval by stockholders of both companies.
Morgan Stanley served as lead financial advisor to ADI. BofA Securities also served as financial advisor. Wachtell, Lipton, Rosen & Katz served as legal counsel.
J.P. Morgan served as exclusive financial advisor to Maxim, and Weil, Gotshal & Manges LLP served as legal counsel.
-- BERNAMA
Wednesday, July 15, 2020
Thursday, July 9, 2020
Guotai Junan International supports Financial Street Property to enter Hong Kong capital market
KUALA LUMPUR, July 7 -- Guotai Junan International Holdings Limited (GTJAI or the Company) has successfully assisted Financial Street Property Co Limited (Financial Street Property) in its listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The initial public offering (IPO) has gained high recognition from investors, with more than 145 times over-subscription in the Hong Kong public offering and about 20 times over-subscription in the international offering.
As the sole sponsor, sole global coordinator, joint bookrunner and joint lead manager of the IPO, GTJAI team facilitated the issuer with dedication, high efficiency and professional attitude.
This is to actively assist in close communications between the issuer and domestic and overseas regulators, introduce several high quality institutional investors to the issuer and lock up cornerstone investors for the IPO, representing the business team’s excellent client coverage and execution capability.
According to a statement, Financial Street Property is a state-owned comprehensive property management company in China, focusing on providing property management and related services to commercial and business properties.
As at 2019-end, the Company provided property management services to 144 property projects in China with the total GFA under management of approximately 19.9 million square metres, 41 per cent of which are located in Beijing.
Last year, in terms of property type, over 50 per cent of its revenue was generated from providing property management services to office buildings.
-- BERNAMA
The initial public offering (IPO) has gained high recognition from investors, with more than 145 times over-subscription in the Hong Kong public offering and about 20 times over-subscription in the international offering.
As the sole sponsor, sole global coordinator, joint bookrunner and joint lead manager of the IPO, GTJAI team facilitated the issuer with dedication, high efficiency and professional attitude.
This is to actively assist in close communications between the issuer and domestic and overseas regulators, introduce several high quality institutional investors to the issuer and lock up cornerstone investors for the IPO, representing the business team’s excellent client coverage and execution capability.
According to a statement, Financial Street Property is a state-owned comprehensive property management company in China, focusing on providing property management and related services to commercial and business properties.
As at 2019-end, the Company provided property management services to 144 property projects in China with the total GFA under management of approximately 19.9 million square metres, 41 per cent of which are located in Beijing.
Last year, in terms of property type, over 50 per cent of its revenue was generated from providing property management services to office buildings.
-- BERNAMA
Thursday, June 25, 2020
Updated CyberLink FaceMe® to assist post-COVID-19 economic reopening
KUALA LUMPUR, June 23 -- CyberLink Corp recently announced new updates to its landmark facial recognition software development kit, designed to assist global economy reopening as the world curtails the COVID-19 pandemic.
Available immediately, FaceMe® can detect whether individuals are wearing a face mask, and if they are wearing it properly fully covering the mouth and nose, while also being able to perform facial recognition.
According to a statement, the features work for assorted types of mask, including but not limited to medical, cloth, fibre or N95 masks, and can do so for all faces and through various angles.
FaceMe® is one of the world’s most accurate facial recognition engines as deemed by the world standard NIST Facial Recognition Vendor Test.
The FaceMe® platform can now be integrated into retail point-of-sales systems, security cameras, digital signage and other connected devices to determine that individuals in required areas are wearing a face mask and notifying pre-designated personnel if they are not.
Further, the new updates allow it to precisely perform facial recognition on people wearing masks and verify their credentials, enabling a wide range of ‘contactless solutions’.
Over the next months, CyberLink will also introduce thermal body imaging and crowd counting to FaceMe®, to assist in distanced temperature detection of individuals as well as the density of people in public venues.
More details at www.cyberlink.com/faceme
-- BERNAMA
Thursday, June 18, 2020
Fortanix expansion in Asia Pacific fulfills data security solutions global demand
KUALA LUMPUR, June 16 -- Fortanix® Inc, a Runtime Encryption® company has expanded operations in the Asia Pacific region, fulfilling the growing global demand for its data security solutions.
Having invested heavily in Asia Pacific, the company recently unveiled a new in-region staff and growing ecosystem of channel and distribution partners, enabling organisations to improve on-premises and cloud data security, all while lowering costs and reducing complexity of legacy systems.
According to a statement, Fortanix has opened a new office in Singapore to support its growing Asia Pacific customer base and attract local channel partners and distributors to its growing partner programmes.
Meanwhile, the company has named Gerry Sillars as Vice-President Asia Pacific, who most recently ran Asia Pacific for Skybox Security.
Fortanix Self-Defending Key Management Service™ provides a cloud-native data security platform with cryptographic services, sharing secrets and tokenisation across cloud and on-premises environments from a single centralised point of management and audit.
“Fortanix recognises the significant opportunity that the Asia Pacific region represents and we have made a significant early investment to support that opportunity and our global customers, creating a major initial footprint in the region,” said CRO of Fortanix, David Greene.
“We have recruited an experienced team led by Gerry Sillars with a strong track record of successfully taking new cybersecurity technologies to the region to help us meet our aggressive revenue and growth goals.”
-- BERNAMA
Having invested heavily in Asia Pacific, the company recently unveiled a new in-region staff and growing ecosystem of channel and distribution partners, enabling organisations to improve on-premises and cloud data security, all while lowering costs and reducing complexity of legacy systems.
According to a statement, Fortanix has opened a new office in Singapore to support its growing Asia Pacific customer base and attract local channel partners and distributors to its growing partner programmes.
Meanwhile, the company has named Gerry Sillars as Vice-President Asia Pacific, who most recently ran Asia Pacific for Skybox Security.
Fortanix Self-Defending Key Management Service™ provides a cloud-native data security platform with cryptographic services, sharing secrets and tokenisation across cloud and on-premises environments from a single centralised point of management and audit.
“Fortanix recognises the significant opportunity that the Asia Pacific region represents and we have made a significant early investment to support that opportunity and our global customers, creating a major initial footprint in the region,” said CRO of Fortanix, David Greene.
“We have recruited an experienced team led by Gerry Sillars with a strong track record of successfully taking new cybersecurity technologies to the region to help us meet our aggressive revenue and growth goals.”
-- BERNAMA
Sunday, May 31, 2020
The Trade Desk allows ZALORA's brand to measure conversion, optimise advertising
KUALA LUMPUR, May 28 -- ZALORA, Asia’s leading online fashion destination and The Trade Desk, a global advertising technology platform have agreed to collaborate on attribution integration across Asia.
According to a statement, the attribution integration will allow participating brands selling on ZALORA the opportunity to measure conversions and sales value generated from advertising campaigns delivered via The Trade Desk.
Under the partnership, ZALORA has the ability to log attribution for any consumer who views or clicks on an ad before purchasing the brand on ZALORA.
This means that eligible brands may be able to optimise their campaigns running on The Trade Desk while they are in progress.
The integration also gives eligible brands the opportunity to understand users’ paths to purchase on ZALORA and attribute their online sales with ads that run through The Trade Desk.
Participating brands will be able to access this measurement solution through their The Trade Desk account.
“ZALORA has been at the forefront of eCommerce since they launched in 2012,” said The Trade Desk senior vice-president (South East Asia Australia and New Zealand), Mitch Waters.
“Given our shared focus on measurement, ZALORA is the perfect platform to demonstrate the integration of eCommerce and data-driven advertising through conversions and sales value.”
-- BERNAMA
According to a statement, the attribution integration will allow participating brands selling on ZALORA the opportunity to measure conversions and sales value generated from advertising campaigns delivered via The Trade Desk.
Under the partnership, ZALORA has the ability to log attribution for any consumer who views or clicks on an ad before purchasing the brand on ZALORA.
This means that eligible brands may be able to optimise their campaigns running on The Trade Desk while they are in progress.
The integration also gives eligible brands the opportunity to understand users’ paths to purchase on ZALORA and attribute their online sales with ads that run through The Trade Desk.
Participating brands will be able to access this measurement solution through their The Trade Desk account.
“ZALORA has been at the forefront of eCommerce since they launched in 2012,” said The Trade Desk senior vice-president (South East Asia Australia and New Zealand), Mitch Waters.
“Given our shared focus on measurement, ZALORA is the perfect platform to demonstrate the integration of eCommerce and data-driven advertising through conversions and sales value.”
-- BERNAMA
Saturday, May 16, 2020
COVID-19 expected to affect Singapore insurers' growth - AM BestTV
KUALA LUMPUR, May 15 -- The COVID-19 pandemic and quarantine are expected to impact Singapore insurers' growth in the near term, according to an AM BestTV episode.
These were said by Doniella Pliss, the director of analytics and Trung Tran, financial analyst, both of AM Best Rating Services.
For the first time in a decade, the Singapore non-life insurance segment recorded an underwriting loss in 2019. Tran highlighted the factors that led to this result.
“Even before 2019, AM Best saw a trend that showed a decline in underwriting results for the entire market. The key reason was the increase in loss ratio for motor insurance, as well as a very high loss ratio for health insurance,” said Tran.
“It is very hard in Singapore to raise the price of motor insurance because the number of car sales in Singapore is fairly limited, given the restriction on vehicle licences in Singapore. Furthermore, even after the pandemic, AM Best does not expect that trend to go down.”
Pliss said: “On the medical side, the government covers the bulk of COVID-19 treatment expenses. However, in AM Best’s opinion, the more significant impact will come from the investment side.
“Lower interest rates and dividends, as well as a decline in value of equity holdings, will result in reuse of investment income, and potentially overall balance sheet contraction for the industry.
“Growth may be extremely challenging to achieve for the insurance industry, not only in 2020, but also in subsequent years. It is very likely that the industry will face reductions in premiums in multiple lines of business.”
AM BestTV covers exclusive AM Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily.
-- BERNAMA
These were said by Doniella Pliss, the director of analytics and Trung Tran, financial analyst, both of AM Best Rating Services.
For the first time in a decade, the Singapore non-life insurance segment recorded an underwriting loss in 2019. Tran highlighted the factors that led to this result.
“Even before 2019, AM Best saw a trend that showed a decline in underwriting results for the entire market. The key reason was the increase in loss ratio for motor insurance, as well as a very high loss ratio for health insurance,” said Tran.
“It is very hard in Singapore to raise the price of motor insurance because the number of car sales in Singapore is fairly limited, given the restriction on vehicle licences in Singapore. Furthermore, even after the pandemic, AM Best does not expect that trend to go down.”
Pliss said: “On the medical side, the government covers the bulk of COVID-19 treatment expenses. However, in AM Best’s opinion, the more significant impact will come from the investment side.
“Lower interest rates and dividends, as well as a decline in value of equity holdings, will result in reuse of investment income, and potentially overall balance sheet contraction for the industry.
“Growth may be extremely challenging to achieve for the insurance industry, not only in 2020, but also in subsequent years. It is very likely that the industry will face reductions in premiums in multiple lines of business.”
AM BestTV covers exclusive AM Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily.
-- BERNAMA
Wednesday, May 13, 2020
POLYPLASTICS LAUNCHES NEW DURACON(R) POM GRADE WITH IMPROVED DIESEL FUEL RESISTANCE FOR AUTO FUEL COMPONENTS
TOKYO, May 13 (Bernama) -- The Polyplastics Group has announced the introduction of a new DURACON(R) polyoxymethylene (POM) grade which delivers improved diesel fuel resistance for the production of injection-molded automotive fuel system components. The new material complements Polyplastics' flagship DURACON(R) POM portfolio which is already widely used for automotive fuel system components due to its superior mechanical properties, heat and fuel resistance, and excellent moldability.
(Photo:
https://kyodonewsprwire.jp/prwfile/release/M100475/202004249387/
_prw_PI1fl_7yw1IM3y.jpg)
The newly launched new grade, DURACON(R) H140DR, offers superior performance over competitive materials and is targeted for global markets. While drive systems will likely shift toward electrification, diesel engines are expected to remain in use for certain commercial vehicles, according to Polyplastics.
Low-quality diesel fuel contains a high concentration of acid and sulfur which has a negative effect on POM.
Fuels that contain a high concentration of sulfur act on main polymer chains and facilitate decomposition in POM. Tests show the percentage of weight change
(decomposition rate) when POM is immersed at high temperature in test diesel fuel with a high concentration of sulfur. DURACON(R) H140DR has superior
resistance compared to a competitor's improved diesel fuel resistant POM and a standard material.
DURACON(R) H140DR has a higher melt flow rate (MFR) than standard grade M90-44, resulting in good formability. It is also denser, with smaller crystal size,
and thus has a high degree of crystallization compared to standard grade M90-44. The new grade has the same level of creep-fracture properties versus
competitive materials, and appears to have enough long-term mechanical resistance properties as well. Environmental stress fracture testing reveals
that DURACON(R) H140DR has high resistance to external factors such as acid rain and various acidic solvents used in cars.
http://mrem.bernama.com/viewsm.php?idm=37341
(Photo:
https://kyodonewsprwire.jp/prwfile/release/M100475/202004249387/
_prw_PI1fl_7yw1IM3y.jpg)
The newly launched new grade, DURACON(R) H140DR, offers superior performance over competitive materials and is targeted for global markets. While drive systems will likely shift toward electrification, diesel engines are expected to remain in use for certain commercial vehicles, according to Polyplastics.
Low-quality diesel fuel contains a high concentration of acid and sulfur which has a negative effect on POM.
Fuels that contain a high concentration of sulfur act on main polymer chains and facilitate decomposition in POM. Tests show the percentage of weight change
(decomposition rate) when POM is immersed at high temperature in test diesel fuel with a high concentration of sulfur. DURACON(R) H140DR has superior
resistance compared to a competitor's improved diesel fuel resistant POM and a standard material.
DURACON(R) H140DR has a higher melt flow rate (MFR) than standard grade M90-44, resulting in good formability. It is also denser, with smaller crystal size,
and thus has a high degree of crystallization compared to standard grade M90-44. The new grade has the same level of creep-fracture properties versus
competitive materials, and appears to have enough long-term mechanical resistance properties as well. Environmental stress fracture testing reveals
that DURACON(R) H140DR has high resistance to external factors such as acid rain and various acidic solvents used in cars.
http://mrem.bernama.com/viewsm.php?idm=37341
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