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From Hong Kong to Global: Laservall Drives New Industrialisation and Microelectronics Innovation with HKD 300M Investment

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HKSTP park company Laservall aims to advance high-precision laser technology with AI-driven automation, empowering advanced manufacturing through microelectronics innovation

HONG KONG SAR – Media OutReach Newswire – 31 March 2025 – Laservall today announced a landmark HKD 300 million (USD 38 million) investment plan for the next five years. This strategic commitment focuses on R&D, manufacturing and technology enhancement, and tech talent development in Hong Kong. A key park company of the Hong Kong Science and Technology Parks Corporation (HKSTP), Laservall leverages Hong Kong’s strategic role as the “super-connector” between the Mainland and the global market to expand its investment for further operational advancement, benefiting from the city’s comprehensive innovation and technology (I&T) ecosystem and supportive policies for new industrialisation. Laservall underscores its long-term investment in Hong Kong at an event co-organised with HKSTP, celebrating the significant R&D milestone and marking the company’s expanding global footprint.

Laservall today announced a landmark HKD 300 million (USD 38 million) investment plan for the next five years, celebrating the significant R&D milestone and marking the company’s expanding global footprint at an event co-organised with HKSTP. (From left) Mr. Vincent Lau, COO of Laservall; Ms. Dembai Cho, Co-founder of Laservall; Mr. Jeffrey Chan, CFO of Laservall; Mr. Andrew Kim, CEO of Laservall; Mr. James Kang, Chairman of Laservall; Ms. Jaeyon Lee, Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Ms. Lillian Cheong, Under Secretary for Innovation, Technology and Industry; Mr. Albert Wong, Chief Executive Officer of HKSTP; Mr. Oscar Wong, Head of Innofacturing of HKSTP; Ms Hilda Chan, Chief Marketing Officer of HKSTP, and Dr. Carmen Fung, Associate Director, Advanced Manufacturing and Microelectronics of HKSTP.

The company is at the forefront of driving advanced manufacturing and microelectronics innovation, and is the exclusive provider for some leading global brands. Laservall specialises in micro laser jet soldering, cutting, and marking equipment for smartphone and EV camera modules. Its high-precision solutions and automation systems serve major global clients, including Samsung, LG, Tesla, BYD, and leading manufacturers such as Foxconn, Sunny Optical, Luxshare, and OFILM.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said, “Laservall announces its plan of investing HKD 300 million over the next five years and doubling the size of its R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company’s commitment to innovation but also its unwavering confidence in Hong Kong’s I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong’s unique role as a ‘super-connector’ and a ‘super value-adder’ to strengthen its presence in the global market.” He expressed confidence that more local companies, like Laservall, will step onto the global I&T stage and demonstrate the remarkable outcomes of Hong Kong’s R&D capabilities to the world in the near future.

Albert Wong, CEO of HKSTP, remarked: “Laservall’s investment and growth exemplify the robust foundation Hong Kong provides for cutting-edge innovation. As the global leader in advanced manufacturing, the company’s continued commitment to R&D and its expansion in Hong Kong further solidify our city as a powerhouse for microelectronics and advanced manufacturing. This milestone is not just a win for Laservall but a significant boost to strengthening our global standing in shaping the future of new industrialisation.”

Laservall: A Key Catalyst of New Industrialisation at the Heart of the HKSTP I&T Powerhouse

The Hong Kong Special Administrative Region (HKSAR) Government is committed to advancing new industrialisation in Hong Kong with an industry-oriented approach to drive diversified economic growth. Comprehensive support is proactively provided to accelerate the development of strategic industries through initiatives such as the “New Industrialisation Acceleration Scheme” (NIAS), “New Industrialisation Funding Scheme” (NIFS), and the upcoming “Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+)”.

The HKSAR Government is actively connecting high-potential local and overseas companies to seize the promising opportunities of new industralisation in Hong Kong. In August 2024, a delegation from the HKSAR Government visited Laservall’s Smart R&D and Manufacturing Centre in Korea. The visit aimed to introduce various support measures to Laservall and strengthen collaboration on I&T between Hong Kong and Korea in strategic industries, including life and health technology, artificial intelligence and data science, advanced manufacturing, and new energy technology.

James Kang, Chairman of Laservall, said: “Laservall is proud to be a park company of HKSTP. We are a technology-focused company with significant R&D investment to tailor innovations for our clients globally. This investment will drive advancements in AI-driven automation, real-time troubleshooting, and efficiency improvements.” The company also aims to double its global R&D workforce by 2026 and expand it sixfold by 2028, reinforcing Hong Kong as its global R&D headquarters, with potential plan to set up an advanced production base in the city.”

Andrew Kim, CEO of Laservall, said, “The trend of utilising high-precision laser technology for camera modules is essential and rapidly gaining momentum across various industries. Hong Kong offers direct access to the vast Mainland market and international connectivity, supported by a robust I&T ecosystem, as well as favourable policies and measures for new industrialisation from the HKSAR Government and HKSTP. This gives us the confidence to expand our investments in the city, positioning us as pioneers of innovation for the next global success.”

A New Chapter for Microelectronics Innovation from Hong Kong

In March 2024, Laservall established an R&D centre at Science Park, focusing on customising its solutions for industries beyond mobile phone manufacturing, including the automotive and solar energy sectors. The integration of AI into manufacturing automation, combined with its commitment to advancing the microelectronics ecosystem, aligns seamlessly with HKSTP’s mission to accelerate industry transformation and drive cutting-edge technological advancements.

With 270 microelectronics-related companies within its ecosystem, HKSTP is at the forefront of microelectronics development, offering extensive infrastructure that supports the entire product lifecycle. This includes the Microelectronics Centre (MEC) at Yuen Long InnoPark, along with specialised facilities such as the Hardware Lab, Sensor Lab, and Heterogeneous Integration Lab.

Hashtag: #HKSTP

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

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 as a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

The growing engine offers comprehensive support including R&D infrastructure, investment expertise, industry connections and more, in attracting and nurturing talent, accelerating ideation, and commercialising innovation for technology ventures, all with the I&T journey built around key locations across Hong Kong and branched towards Shenzhen to continuously contribute to the development of I&T making a pillar of growth for Hong Kong.

More information about HKSTP is available at .

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Coastline Wealth Management Honored with the Business of the Year Award by Kestra Financial

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LONG ISLAND, US – Media OutReach Newswire – 3 April 2025 – Awarded “Business of the Year” at Kestra Financial’s Ascend Conference in 2025, Coastline Wealth Management gives very optimistic projections for 2025. Contributing to this success was the growth of $1.2 billion in assets as well as the integration of 8 advisory teams throughout the year. Part of this integration includes industry figures David Schnall and Tim Longo joining the Coastline team. Also, joining the firm in 2024 was Industry veteran Kevin McPhee with $115 million in assets. Mr. McPhee, Mr. Schnall and Mr. Longo all aim to strengthen Coastline’s commitment to providing tailored wealth solutions to clients and continued growth.

In addition, joining the Coastline advisory team are industry professionals Scott Gomsak and Scott Raab who have brought in $250 million in collective client assets. With a track record of over 50 years of experience, both Mr Gomsak and Mr. Raab’s contributions have made a considerable impact in securing the award to Coastline. With their presence in Maryland and Pennsylvania, their addition to the team will broaden Coastline’s stance across the tri-state area and strengthen the relationships in the respective communities.

Another factor that assisted in this positive growth included the partial acquisition of Myles Wealth Management and Stensland Financial Group. Marked as Coastline’s 7th and 8th acquisition for 2024, Coastline’s CEO Garrett Taylor cites that this strategic move has added $300 million in assets to the company, bringing the total to $3.5 billion. In addition to assets, the leadership teams of both Myles and Stensland will be working with the Coastline team to ensure the integration of skills and resources, ensuring that clients receive the same service quality and tailored financial strategies.

Hashtag: #CoastlineWealthManagement

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

About Coastline Wealth Management

Coastline Wealth Management, founded in 2012, is a Long Island, NY-based independent wealth management platform with ~$3.5 billion of assets under management/advisement. Coastline services over 5,000 client accounts primarily across the East Coast of the United States. The Company, whose core focus is servicing its client base, has grown by a series of acquisitions as it continues to build its industry-leading, technology-enabled platform. Coastline continues to be a leading consolidator in the wealth management industry and is actively pursuing additional wealth advisor acquisitions (~$50MM to $500MM in assets) as part of its core growth story. By focusing on maximizing the value of advisory practices, Coastline empowers advisors to create sustainable, long-term strategies for transitioning their businesses, ensuring both financial stability and continuity for their clients. Its expertise in navigating the complexities of succession planning enables advisors to secure their legacy while optimizing growth potential, ultimately fostering a seamless transition that benefits all stakeholders involved

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Hang Lung’s 65th Anniversary Celebration Begins

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Wiggle We Go Tour Launches Nationwide Cultural-Retail Experience

HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 3 April 2025 – Hang Lung Properties Limited (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) celebrates its 65th anniversary with an extraordinary retail experience, kicking off a nationwide celebration through its groundbreaking partnership with Korea’s viral pop-culture phenomenon, Wiggle Wiggle. The “Wiggle We Go”, debuting at Center 66 in Wuxi, marks the first in a series of high-energy events that reshape premium lifestyle retail experience with immersive IP-commerce integrations.

Kicking off at Center 66 in Wuxi, the “Wiggle We Go” themed event will subsequently be showcased at 6 properties
Kicking off at Center 66 in Wuxi, the “Wiggle We Go” themed event will subsequently be showcased at 6 properties

Celebrated for its vibrant colors and distinctive designs featuring the signature Wiggle Bear and the smiley flower, Wiggle Wiggle has become a global symbol of urban style and joyful living. Through this partnership, Hang Lung’s six properties, Center 66 in Wuxi, Heartland 66 in Wuhan, Spring City 66 in Kunming, Olympia 66 in Dalian, Parc 66 in Jinan and Riverside 66 in Tianjin will transform into wonderlands of creativity, connecting every space with the brand’s playful energy through whimsical installations and happiness-themed experiences.

Immersive large-scale installations are featured in all six malls

Center 66, Wuxi
Center 66, Wuxi

Heartland 66, Wuhan
Heartland 66, Wuhan

Spring City 66, Kunming
Spring City 66, Kunming

Olympia 66, Dalian
Olympia 66, Dalian

Parc 66, Jinan
Parc 66, Jinan

Riverside 66, Tianjin
Riverside 66, Tianjin

This landmark “Wiggle We Go” activation reimagines the landscape of cultural-retail integration through three captivating dimensions: immersive art-commerce installations that elegantly blur the lines between gallery and retail space; popular collectibles and merchandise that spark viral engagement; and social media-optimized interactive scenes destined to become talk-of-the-town must-visits. Beyond these enchanting offerings, the six malls will embrace specialized elements to unveil even more unique surprises, in addition to the HOUSE 66, loyalty club promotions and events adding another layer of engagement. We invite you to stay connected with our official media platforms for the latest information.

Mr. Derek Pang, Senior Director – Mainland Business Operation of Hang Lung Properties, said, “For 65 years, Hang Lung has transformed cities and redefined retail by creating landmarks through our ’66’ brand, where commerce connects with the community, establishing our leading position as the ‘Pulse of the City’. Our collaboration with Wiggle Wiggle exemplifies this vision – blending global pop culture with local experiences to create immersive, engaging spaces. This anniversary celebrates both our legacy and future ambitions. We extend our gratitude to our partners and customers — your trust fuels our next chapter of growth, innovation, and unforgettable experiences.”

Exclusive collectibles and merchandise are available at each pop-up store
Exclusive collectibles and merchandise are available at each pop-up store

Throughout the year, Hang Lung will unveil other signature celebratory events in Hong Kong and mainland China, continuing our deep engagement with customers and the broader community. These initiatives will set the stage for an inspiring era of collaboration, innovation, and shared success.

Hashtag: #HangLungProperties

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

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

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HKPC Achieves Remarkable Accomplishments at Hannover Messe 2025

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Impressive technological applications win international praise, assisting enterprises in going global to explore more opportunities

HONG KONG SAR – Media OutReach Newswire – 3 April 2025 – The Hong Kong Productivity Council (HKPC) debuted with a dedicated pavilion at Hannover Messe 2025 (Hannover Messe), showcasing a range of Hong Kong’s technological applications, which were highly regarded by international companies and investors. HKPC successfully showcased the impressive achievements of Hong Kong’s technological applications to boost Hong Kong and mainland enterprises going global.

As the only public organisation representing Hong Kong with exhibits at the event, HKPC set up a pavilion at Hannover Messe 2025 for the first time, showcasing the impressive achievements of Hong Kong’s technological applications and engaging in in-depth exchanges with the international business community.

Hong Kong’s technological applications win favour, connecting international business opportunities
As the only public organisation representing Hong Kong with exhibits at the event, HKPC showcased a range of scenarios featuring artificial intelligence (AI) technology at Hannover Messe, winning wide praise globally. As a promoter of the exchange and cooperation in technological applications both at home and abroad, HKPC engaged with more than 200 enterprises and research institutions from Germany, Europe and around the world at Hannover Messe. HKPC introduced how to enhance business and improve production efficiency and industry value chains through technological applications such as AI, robots and microfactories. HKPC also showcased the impressive achievements of Hong Kong’s technological applications, raising the profile of the city’s tech scene and strengthening its competitiveness as an international innovation and technology hub.

HKPC also hosted a number of seminars on cutting-edge technologies, each reaching full capacity. Experts from HKPC exchanged insights with industry professionals on the future direction of sectors such as AI and new energy, as well as their development experience in these fields. Industry professionals from around the world gained a deeper understanding of Hong Kong’s R&D achievements.

Hon Sunny TAN, Chairman of Hong Kong Productivity Council stated, “HKPC has actively aligned with the international business community to assist Hong Kong and mainland enterprises in going global, achieving remarkable accomplishments. At Hannover Messe, we showcased a range of Hong Kong’s cutting-edge technologies to the world and had an in-depth exchange with the international business community, highlighting Hong Kong’s unique advantages in innovation and technology and bringing business cooperation opportunities ahead. As the core technology driving industry development, AI has become a global trend. We will further strengthen cooperation with our international partners and capitalise on global wisdom to help Hong Kong’s economy keep booming.”

The AI trend unleashes unlimited possibilities for industry
At Hannover Messe, by displaying exhibits and hosting seminars, HKPC explored how to reform the manufacturing process and improve efficiency through the wide applications of AI. With AI developing rapidly, the Chinese Mainland strongly supports the development of AI+ to achieve industry innovation driven by technology. HKPC has long been involved in the AI sector. The Hong Kong Industrial Artificial Intelligence & Robotics Centre (FLAIR), established by HKPC, unveiled “Hephaestus: Industrial Artificial Intelligence Application Platform” by leveraging cutting-edge algorithms, data analytics, and computing power through AIR@InnoHK, an R&D platform for AI and robotics. This AI-driven data management platform integrates functions such as data management, model training, reasoning and model cloud deployment to help Small and Medium Enterprises (SMEs) in different industries develop AI technologies. This further highlights Hong Kong’s innovation strengths in AI and demonstrates the potential for AI to empower industry.

Actively assisting enterprises in going global
As the world’s largest industrial trade fair, this year’s Hannover Messe brought together some 4,000 exhibitors from the digital and energy sectors, among others, showcasing solutions for production and energy supply for the future. During the event, HKPC organised a dedicated European study mission in partnership with the Hong Kong General Chamber of Commerce to help local companies keep abreast of the development trend of the world’s cutting-edge technologies and to broaden international horizons. In collaboration with the Hong Kong Metals Manufacturers Association, Hong Kong’s technological strengths and superb achievements in metal products were showcased to several key markets.

This month, HKPC will work with national-level research institutions to launch a one-stop service platform in Hong Kong to support enterprises to go global. By leveraging extensive research experience and close ties with world-class partners, HKPC will help enterprises tackle various challenges in international markets, establish a global presence and become more competitive by fully capitalising on Hong Kong’s strengths.

For more information about HKPC’s participation in Hannover Messe 2025, visit our website:
https://www.hannovermesse.de/exhibitor/hong-kong-productivity-council/N1566109

Hashtag: #HKPC

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

The Hong Kong Productivity Council (HKPC)

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market- driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies. For more information, please visit:

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