Media OutReach
Hong Kong International Communications Electronic Chamber Launches with Historic Inaugural Banquet
Over 200 Enterprises Unite to Shape the Future of Global Trade
HONG KONG SAR – Media OutReach Newswire – 18 November 2025 – The Hong Kong International Communications Electronic Chamber (HKICEC), jointly initiated by industry leaders, was officially established on 13 November, 2025. The inaugural ceremony and banquet were held at the Hong Kong Convention and Exhibition Centre (New Wing), marking a new milestone for Hong Kong’s communications and electronics trade industry. The event brought together more than 200 member enterprises, along with representatives from the world’s Top 100 companies, policymakers, and business leaders from Hong Kong, Mainland China, and overseas. The grand occasion was filled to capacity, creating a vibrant and celebratory atmosphere.
As a major trade organization for the communications and electronics sector, HKICEC is committed to promoting the efficient global circulation and rational allocation of communications equipment, advancing industry standardization and transparency, and strengthening Hong Kong’s position as an international hub for communications and electronics trade. The Chamber will serve as a vital bridge connecting suppliers, platforms, wholesalers, and policymakers, offering a platform for resource integration, technical exchange, and policy advocacy.
Mr. Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR, remarked in his speech earlier that afternoon, “We are committed to strengthening Hong Kong’s position as a premier international trade and business center, as well as a leading telecommunications hub. In particular, we remain dedicated to fostering favourable business environment that unlocks the potential of high-value-added industries by leveraging Hong Kong’s unique advantages under the “one country, two systems” principle. I am confident that the HKICEC will play a pivotal role in driving the growth of the communications electronic industry by fostering innovation and strengthening collaboration, enabling the industry to meet the challenges of an evolving and dynamic landscape.”
At the banquet, Dr. Lawrence Cheung, Deputy Secretary for Justice of the HKSAR, highlighted Hong Kong’s strengths, “Hong Kong is an international hub for logistics and professional services, with a well-developed logistics system, rule of law, and financial services that provide an excellent business environment. We are well-positioned to play a leading role in communications equipment and electronics recycling, with vast development potential. The HKSAR Government attaches great importance to innovation and technology as well as the communications and electronics industry. Through policy support and international cooperation, we actively promote regional economic collaboration and low-carbon transformation, striving to build Hong Kong into an international innovation and technology center. The establishment of HKICEC not only demonstrates its strength but also reflects the cohesion of Hong Kong’s industry.”
The inauguration ceremony was officiated by Dr. Lawrence Cheung, Deputy Secretary for Justice of the HKSAR; Mr. Li Wenbin, Deputy Director of the Kowloon Work Department of the Liaison Office of the Central People’s Government; Mr. Ho Lap-kee, District Officer of Kwun Tong; and leaders of HKICEC, who together witnessed this historic moment. The first council members of HKICEC were formally introduced (*see list below). Nearly 180 banquet tables were fully booked, underscoring the industry’s strong recognition and support for the Chamber.
Mr. Jacky Tse, Chairman of HKICEC, also addressed the dinner, “Our vision in founding HKICEC is to ‘gather wisdom and strength, connect globally, empower the industry, and give back to society.’ We are committed to building an innovative, internationally minded platform for industry exchange. By pooling collective expertise, seizing opportunities in the Greater Bay Area, and driving the industry and new technologies onto the global stage, we aim to open a brighter future for Hong Kong’s communications and electronics sector and write an exciting new chapter together.”
Prior to the banquet, HKICEC hosted the Hong Kong International Communications Electronic Trade Forum 2025, featuring heavyweight speakers from international and Mainland enterprises. Leaders from Asurion, Sunstrike, PCS Wireless, AiFengPai, ATRenew (AiHuiShou), Zhuanzhuan, and HKICEC Chief Secretary Mr. Jacky Chan joined the discussions. The forum was moderated by Ms. Elizabeth Chen, ICEC International President, under the theme “Global Smart Mobile Device – New Engine · New Wave · New Opportunities.” Discussions focused on global market trends, platform development, technological innovation, and policy environments for refurbished mobile devices. Participants agreed that as the smart device market enters a stage of stock competition, circulation of refurbished devices not only extends product lifecycles but also enhances resource recycling and environmental benefits, becoming a new growth engine for the industry. The forum also explored Hong Kong’s unique role in global refurbished device trade, as a center for price discovery, logistics, and policy coordination.
Looking ahead, HKICEC will continue to foster industry collaboration, technological innovation, and international expansion, helping Hong Kong exert greater influence in the global communications and electronics trade arena. The Chamber will promote the global circulation and rational allocation of communications equipment, advance industry standardization and transaction transparency, encourage enterprises to adopt smart technologies to enhance efficiency, expand overseas markets, and deepen international cooperation – at the same time, HKICEC will advocate green recycling and ESG practices, driving the industry toward high-quality, sustainable, and digital development. Connecting the world, going global.
Major Board Members:
Chairman: Mr. Jacky Tse, Permanent Honorary Chairman: Mr. Huang Shaowu, Honorary Chairman: Mr. Wave Hu, Chief President: Mr. Huang Shunyong, Executive Chairman: Ms. Guo Shaohui, Chief Supervisor: Mr. Hung Kam Wong, Vice Chairman: Mr. Wu Xiaomin, Vice Chairman: Mr. Mark Ma, Executive President: Mr. Jeffy Wang, Chief Secretary: Mr. Jacky Chan, Treasurer: Mr. Sam Pang
Event photos available for download: http://bit.ly/3WYMgbO
Hashtag: #HKICEC
The issuer is solely responsible for the content of this announcement.
About HKICEC
Established in December 2024, The Hong Kong International Communications Electronic Chamber (HKICEC) serves as a key industrial body for the communications electronics sector. Founded by industry leaders, we enhance global trade flows, leverage Hong Kong’s entrepôt advantages, and uphold quality standards to strengthen Hong Kong’s pivotal role in telecom trade.
More details, please visit HKICEC website:
https://hkicec.org/
Media OutReach
Asia Coach Group Partners with Veteran Business Consultant Rick Tam to Launch “Business Breakthrough” Programme for Hong Kong SMEs
Challenging Business Environment Demands New Solutions
Hong Kong’s SMEs are facing unprecedented operational pressures. According to a survey by CPA Australia, 37% of small businesses in Hong Kong struggle to obtain external financing. Data from Airwallex further reveals that 96% of SMEs have experienced cash flow difficulties in the past year. With property asset values declining, banks’ insistence on property collateral for loans has left many enterprises in financial distress.
Responding to Market Needs with Systematic Business Upgrade Solutions
“Hong Kong has never lacked capital—what’s missing is the mechanism to connect businesses with it,” Rick Tam noted. The programme addresses common pain points faced by local SMEs, including declining profits, low business valuations, tight cash flow, and recruitment challenges. Built upon the four-pillar framework of “Commerce, Strategy, Breakthrough, and Structure,” the curriculum covers stabilising cash flow and enhancing financial flexibility, repositioning businesses and improving client quality, reshaping product value and expanding profit margins, as well as systematising operations and attracting investors. The programme commits to helping participants improve cash flow, increase business value, and strengthen their business models within 90 days.
Four Practical Tools for Immediate Application
Participants will acquire four core tools: the “Cash Flow Vortex System” for rapid assessment of financial status and establishing safety buffers; the “A.T.C. Client Leverage Ladder” for repositioning and enhancing client value; the “High-Value Breakthrough Method” for creating products with greater value and trust; and the “Marketing Triangle Matrix” for integrating human resources, client bases, and operational systems to plan business expansion. The programme adopts a six-step progressive model—from restructuring business models, improving profit margins, attracting capital injection, building high-performance teams, and systematising operations, to ultimately helping business owners reclaim their time and freedom.
Instructor Credentials
Programme instructor Rick Tam is a graduate of the University of Hong Kong’s Business School and currently serves as CEO of two family offices and chief consultant to several others. He holds the CFPCM Certified Financial Planner designation. Tam has founded more than nine brands spanning wealth management, securities, and food and beverage sectors, and has guided over 1,000 participants through business expansion.
As Hong Kong’s economy seeks transformation, channelling capital precisely into the real economy through the “Business Breakthrough” approach offers more than a lifeline for SMEs—it injects vital momentum into Hong Kong’s long-term economic development.
Hashtag: #RickTam #AsiaCoach
The issuer is solely responsible for the content of this announcement.
Media OutReach
Zuellig Pharma Strengthens Consumer Healthcare Portfolio with the Acquisition of Zam-Buk® and Vapex® Brands from Bayer
Zam-Buk® is an ointment used for the temporary relief of pain and itch, including discomfort from insect bites. First launched in 1902, Zam-Buk® has retained strong brand equity over the decades and is widely perceived as a trusted household brand. Vapex® is a nasal inhaler used to help relieve nasal congestion. Launched in 1917, Vapex® has built meaningful brand recognition, particularly in Thailand.
The acquisition of the brands supports Zuellig Pharma’s strategic priority to strengthen and scale its consumer healthcare portfolio across Asia. It also marks the company’s second consumer healthcare acquisition, following Propan in the Philippines, reinforcing its focus on building a strong commercial platform for trusted, everyday healthcare products in the region.
Hashtag: #ZuelligPharma #ConsumerHealthcare #ConsumerHealth #Healthcare #Pharmaceuticals #Zambuk #Vapex #Bayer
https://www.zuelligpharma.com/
https://www.linkedin.com/company/zuellig-pharma
The issuer is solely responsible for the content of this announcement.
About Zuellig Pharma
Zuellig Pharma is a leading healthcare solutions company in Asia, and our purpose is to make healthcare more accessible to the communities we serve. We provide world-class distribution, commercialization, and clinical trial support services, underpinned by a strong culture of innovation to support the growing healthcare needs in this region. The company was founded a hundred years ago and has grown to become a multibillion-dollar business covering 18 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.
Media OutReach
International Entertainment Corporation to Hold EGM on 26 February 2026 for Proposed Convertible Notes Issuance
DigiPlus Interactive Corp., named as one of the Fortune Southeast Asia 500, together with its subsidiaries, is an innovative digital entertainment group in the Philippines and is a leader in the casinos and gaming industry. On 17 November 2025, the Company entered into the Subscription Agreement with the Subscriber, pursuant to which the Company conditionally agreed to issue and the Subscriber conditionally agreed to subscribe for the Notes in two tranches with a maturity of five years and an interest rate of 3% per annum.
Upon full conversion of the Notes at the initial Conversion Price, a total of 1,600,000,000 Shares will be issued by the Company, representing approximately 53.89% of the issued share capital of the Company as enlarged by the issue and allotment of the Conversion Shares. As such, the Subscriber will be obliged to make a mandatory general offer pursuant to Rule 26.1 of the Takeovers Code, unless the Whitewash Waiver is granted and approved.
The initial Conversion Price of HK$1.00 per Conversion Share represents a discount of approximately 3.85% to the closing price of HK$1.04 per Share as quoted on the Stock Exchange on the Latest Practicable Date (6 February 2026).
The board of Directors (the “Board“) believes that the Subscription would be beneficial to improving and strengthening the Group’s liquidity and financial position on a longer-term basis. In the event that the Subscriber converts part or the full amount of the Notes into the Conversion Shares, it will also broaden the shareholder and capital base of the Company. The Group intends to apply part of the net proceeds raised from the issuance of the Notes of approximately HK$489.22 million for the early repayment of the Promissory Notes and interest accrued thereon (the “PN Repayment“), and approximately HK$392.39 million to early repay the Secured Bank Borrowing to achieve immediate interest savings.
The remaining net proceeds will primarily be used for funding the Investment Commitment and attractive investment/business opportunity(ies); and as general working capital of the Group. The Investment Commitment is currently expected to include capital investments for acquisition of land for the expansion of the Group’s integrated resort in Manila City in the Philippines (the ”Hotel”) and the construction of additional hotel rooms, for provision of other amenities of the integrated resort, and for ongoing upgrades, refurbishments and renovations to the facilities and infrastructures of both the Hotel and the Group’s existing casino (the “Casino“).
The Independent Board Committee, which comprises all the independent non-executive Directors, is of the opinion that (i) the terms of the Subscription Agreement are on normal commercial terms, and the terms of the Subscription, the Whitewash Waiver and the Special Deal (the PN Repayment to the PN Holder) are fair and reasonable so far as the Independent Shareholders are concerned; and (ii) the Subscription, the Whitewash Waiver and the Special Deal are in the interests of the Company and the Shareholders as a whole and as far as the Independent Shareholders are concerned. It, therefore, recommends the Independent Shareholders to vote in favour of the relevant resolution(s) to be proposed at the EGM.
Hashtag: #InternationalEntertainmentCorporation
The issuer is solely responsible for the content of this announcement.
About International Entertainment Corporation (HKEX: 1009)
International Entertainment Corporation is an investment holding company. The Company and its subsidiaries are principally involved in hotel operations, operating the gaming business under provisional licence and leasing of gaming venues at the hotel complex of the Group in Metro Manila in the Republic of the Philippines to a tenant for authorized gaming operation and live poker events in Macau.
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