MOSCOW, RUSSIA – Media OutReach Newswire – 13 December 2024 – SIBUR, Russia’s largest producer of polymers and rubbers, has introduced a proprietary catalyst technology for propylene production.

The innovation aims to ensure technological independence in the production chain for polypropylene, one of the most in-demand synthetic materials in the market today. SIBUR currently produces approximately 2 million tonnes of polypropylene annually, supplying both the domestic and international markets. The company is now building a new production complex that will position Russia as one of the biggest global producers of polypropylene.

The catalyst, named Nobel, is used in the propane dehydrogenation process to produce propylene, which is then converted into polypropylene – a crucial polymer for various industries. Polypropylene is widely used in manufacturing packaging materials, medical devices, polymer pipes for water supply and heating systems, as well as automotive components.

The main challenge in developing the catalyst was creating a stable and efficient support system in the form of alumina oxide spheres. Previously, this support material was imported from Europe, with only three countries worldwide possessing the necessary production technology. Through a combination of laboratory research and production testing, SIBUR successfully developed a catalyst comparable to leading imported alternatives within a short time frame

Hashtag: #SIBUR

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

Raising Over HK$300 Million for Strategic Development

HONG KONG SAR – Media OutReach Newswire – 13 December 2024 – International Genius Company (“IGC“, stock code: 0033.HK) is pleased to announce that, has successfully signed Subscription Agreement with independent third parties after trading hours on 12 December 2024. IGC has conditionally agreed to allot and issue 110,000,000 Subscription Shares at the Subscription Price of HK$2.75 per Subscription Share (same to the closing price as quoted on the Stock Exchange on the Subscription Agreement), estimated funding of approximately HK$302 million is intended to be used to support the Company’s strategic development and to replenish general operational funds.

If the Subscription Shares are fully subscribed, the Subscriber and its ultimate beneficial owner, Ms. Han Jia, will become Substantial Shareholder of IGC, holding approximately 16.46% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares and thus a Connected Person. The Subscription Price was negotiated on an arm’s length basis between the Company and the Subscriber and was determined with reference to the latest business performance and financial position of the Company etc., the Subscription price is same to closing price as quoted on the Stock Exchange on the Subscription Agreement, also a premium of approximately 9.56% to the average of the closing prices of approximately HK$2.51 per Share as quoted on the Stock Exchange for the last five consecutive trading days, indicates that the Subscribers have complete confidence in IGC.

To address the increasingly complex international environment and fluctuations in the capital markets, IGC believes it is necessary to collaborate with Shareholders who can provided stable and long-term companionship as the Company grows. Through equity financing, we aim to supply the Company’s operations with a more stable source of funding. Since the beginning of this year, IGC has been undergoing strategic transformation and is steadily moving forward towards becoming a provider of AI trading technology solutions. It has successfully acquired Deep Neural Computing Company Limited, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. IGC has since expanded its technology-driven investment management business. The Subscription would raise additional funds for the business development of the Company, strengthen the financial position, broaden the shareholder and capital base of the Company so as to facilitate its future development.
Hashtag: #IGC #SubscriptionShares #AI

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

About International Genius Company

The International Genius Company (IGC, stock code: 0033. HK) is a Chinese-led AI trading technology solution provider. With top AI R&D capabilities and quantitative trading experience, IGC strives to combine advanced technology with market insights, and is working to redefine financial asset trading through AI. Based on cutting-edge technologies such as neural networks and distributed computing and massive data analysis capabilities, IGC provides customized one-stop scalable AI trading technology solutions for investment institutions, asset management companies, family offices, etc.

BANGKOK, THAILAND – Media OutReach Newswire – 13 December 2024 – The ACES Awards, organised by MORS, spotlight a dynamic spectrum of leaders and enterprises across Asia that exemplify the power of strategic innovation, sustainability, and community engagement. With a diverse array of honourees—from satellite communications in Brunei and financial services in Hong Kong, to renewable energy in the Maldives and coffee craftsmanship in Vietnam—this year’s recognitions affirm that placing sustainability and responsible growth at the heart of business drives new capabilities, stronger communities, and long-term resilience.

In Brunei, two leaders in sustainability and innovation underscore the country’s steady ascent on the regional stage. Network Integrity Assurance Technologies (NIAT) Sdn. Bhd., a 100% locally owned company, has distinguished itself through cutting-edge satellite communications and geospatial solutions, coupled with IoT and AI integration that strengthen essential sectors like oil, gas, and government services. Similarly, Heidelberg Materials Butra Sdn Bhd, part of a global industry group, has been named one of Asia’s Most Influential Companies for its forward-looking sustainability commitments, successfully blending financial performance with environmental stewardship and employee well-being—an example that resonates throughout the building materials industry.

Hong Kong’s honourees illustrate how visionary leadership can transform entire markets. Paul Lui, CEO of United Asia Finance Limited (UA), named an Outstanding Leader in Asia, has guided the company’s remarkable evolution into a trusted financial service provider, expanding its accessibility, convenience, and market reach through first-to-market online loan solutions. Joining him in recognition, Mr. Luk Hok Keung of Town Ray Holdings, awarded as one of Asia’s Most Inspiring Executives, has harnessed two decades of expertise to drive global innovation in electrothermic household appliances. Under his guidance, Town Ray’s robust patent portfolio, talent development, and ethical practices have secured its leadership position in a competitive international arena.

Across the Indian Ocean in the Maldives, State Electric Company Limited PLC (STELCO)—lauded as Industry Champions of the Year—highlights how sustainable energy solutions can power both national progress and environmental responsibility. Its ambitious renewable energy targets, extensive grid network, and integration of advanced technologies such as Solar PV and Battery Energy Storage Systems exemplify how bold commitments to green innovation can shape a nation’s future.

Vietnam’s honourees present a vibrant tapestry of brand excellence and workplace innovation. Highlands Coffee Joint Stock Company, celebrated as one of Asia’s Most Influential Companies, has built a strong regional presence through unwavering quality, authenticity, and a forward-looking approach to healthier, sustainable offerings. Meanwhile, Binh Tien Consumer Goods Manufacturing Limited Company (BITIS), earning the Inspiring Workplaces in Asia accolade, sets a benchmark for employee-centric innovation. Its “Happy BITIS” initiative not only fosters personal growth and well-being within the organisation, but also anchors the company’s success and longevity in the global footwear market.

In Nepal, Tim Gocher OBE of Dolma Impact Fund, recognised as one of Asia’s Most Inspiring Executives, demonstrates how directing capital and expertise into strategic sectors—technology, renewable energy, healthcare, and manufacturing—can yield significant social and environmental returns. His approach creates jobs, reduces greenhouse gas emissions, and nurtures local business ecosystems, showing that impact investing is both a growth strategy and a catalyst for meaningful change.

Finally, Sri Lanka’s Pee Bee Management Services (Pvt) Ltd., known for its “Flora Tissues” brand and celebrated as one of Asia’s Best Performing Companies, exemplifies how a commitment to innovation, sustainability, and consumer satisfaction can elevate a homegrown enterprise to industry leadership. By introducing eco-friendly products and expanding its portfolio with smart, responsible growth initiatives, Pee Bee embodies the spirit of continuous improvement that the ACES Awards champion.

Collectively, these winners reflect the breadth and depth of Asia’s thriving business ecosystem and its capacity to redefine what success means in a rapidly changing world. Their strategies—ranging from clean energy integration and advanced technology deployment to inclusive workforce development and ethical resource management—demonstrate that sustainable practices are not a constraint, but a springboard to new forms of innovation and expanded capabilities.

Hashtag: #ACESAwards2024 #RegionalRecognition #leadershipexcellence #Sustainability #SustainableCompanies #responsibleleaders #outstandingentrepreneurs

https://www.acesawards.com/

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

About ACES Awards

The ACES Awards, organized by MORS Group, recognize and celebrate the region’s most exemplary leaders, companies, and initiatives. By spotlighting transformative approaches to leadership and corporate excellence, the awards inspire continued innovation, promote sustainable practices, and encourage inclusive growth throughout Asia’s diverse and dynamic business ecosystem.