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ONYX Hospitality Group Announces Joint Venture with Equatorial Group: “EQ Phuket”, a New Luxury Hospitality Development in Phuket, Thailand

The official joint venture signing ceremony took place on 18 November 2024, a moment which symbolised the shared vision and strong partnership between ONYX Hospitality Group and Equatorial Group. With a total investment of THB 2,500 million, the new development will be located on Kata Beach, one of Phuket’s most iconic and scenic locations. The rare and prime site features both stunning hilltop views and direct beach access, making it a highly sought-after destination for discerning travellers. The project will be located next to a new F&B destination.
The Equatorial Group has set a new standard for hospitality in Malaysia with its flagship EQ in Kuala Lumpur: the combination of its stylish design and exceptional guest experience along with its reputation for having some of the finest food & beverage venues in the city has won it international acclaim (most recently as Kuala Lumpur’s #1 hotel for the third consecutive year by Travel + Leisure Asia). As a joint venture partner, Equatorial Group brings its deep-rooted commitment to quality and guest-focused luxury, making this partnership a strong blend of strengths that promises to create an outstanding hotel property in Phuket.
Its unwavering commitment to excellence and attention to detail make Equatorial Group the ideal JV partner for ONYX Hospitality Group in this exciting project in Phuket, combining the strengths of both brands to deliver a truly exceptional experience.
Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group, expressed his enthusiasm for the project, stating, “The new joint venture with Equatorial Group represents a pivotal step in our growth strategy, underscoring our commitment to delivering world-class hospitality experiences. By combining ONYX’s tailored approach with Equatorial Group‘s expertise, we are confident this project will set a new standard in luxury hospitality. The unique location, paired with spacious rooms and exceptional amenities, will make it a must-visit destination. Together, we are not only creating a spectacular property but also strengthening our position in the region and enhancing the tourism landscape of Phuket.”
Donald Lim, Chief Executive Officer of Equatorial Group, commented: “Equatorial has been at the forefront of the hospitality industry for over fifty years in Malaysia. We are driven by our mission to create exceptional and enduring experiences with a distinctively Asian touch and our partnership with ONYX aligns perfectly.” He further elaborates, “the introduction of our EQ brand at the uppermost tier has taken the Malaysian hospitality industry to a new level. This exciting project begins the expansion of the EQ brand and we are delighted to be doing so with ONYX.”
EQ Phuket is slated to offer 180 spacious units, catering to a wide range of regional, long-haul, and short-haul markets. Designed by one of the region’s leading architects, the resort will offer an unparalleled combination of hilltop serenity and beachfront luxury. Guests will have access to a range of world-class amenities, including expansive F&B outlets and exclusive facilities located directly on the beach plot.
Sustainability will be a central focus in the design and construction of this new project. The buildings will seamlessly blend with the natural landscape, ensuring that no large trees are removed. There is also a commitment to preserving a significant green space, with significant majority of the overall area dedicated to greenery.
The new venture reflects ONYX Hospitality Group’s commitment to growth, excellence, and delivering personalised guest experiences. With a focus on a ‘Tailored Approach to Hospitality,’ ONYX strives to be the best medium-sized hospitality management company in Southeast Asia. This vision drives their operations, ensuring each guest enjoys a unique, world-class experience. Through this project in Phuket, ONYX continues its mission to create innovative and memorable experiences while expanding its presence in key markets.
The collaboration between ONYX Hospitality Group and Equatorial Group underscores the strength of their partnership, founded on shared goals and a commitment to quality. This joint venture is set to drive future growth for both companies, creating a standout property in one of Thailand’s most coveted destinations. Combining architectural excellence, natural beauty, and expansive facilities, the project is poised to become a flagship for ONYX and a new highlight in Phuket’s thriving tourism scene.
For more information on ONYX Hospitality Group please visit: www.onyx-hospitality.com
Hashtag: #ONYX
The issuer is solely responsible for the content of this announcement.
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The Educational Foundation of William Louey is to launch a video series to support younger people facing mental health challenges due to education pressures.

The initiative features five key opinion leaders (‘KOLs’) and comes at a critical time when youth mental health issues are on the rise. Students are particularly vulnerable to poor mental health due to academic and parental pressure. Studies show that younger people report academic pressure as one of the biggest influences on their well-being.
Suicide claims nearly 1,000 lives annually in Hong Kong, with the number of students considering suicide increasing by 50% since the 2018-2019 academic year. Despite being one of the most developed regions globally, Hong Kong’s psychiatrist-to-population ratio lags significantly behind other developed communities.
The collaboration between the William SD Louey Educational Foundation and SPS aims to speak directly to young men with relatable, expert-backed advice on overcoming mental health challenges, with a particular focus on academic and parental pressure.
Topics will include how to overcome exam stress, bullying and how to navigate feelings of failure. The video series, delivered in Cantonese and English, will feature KOLs including Stephanie Ng, Founder and Executive Director of Body Banter; Michael Chan, Founder of Companion HK; leading psychologist, Dr Adrian Low; D&I Advocate, Charlton Shiu; and Vivek Mahbubani, a comedian and mental health campaigner.
William SD Louey Educational Foundation Founder William Louey, who is well known as the fourth-generation heir of the founder of the Kowloon Motor Bus Company, said:
“Young people need and deserve a system that prioritises mental health, eases academic pressures, and encourages self-confidence and acceptance of individuals’ many strengths. I believe this collaboration will be a valuable step forward to protecting and improving young people’s mental health in Hong Kong.”
Mr. Vincent Ng Chi-kwan, Executive Director of SPS, said:
“SPS receives an average of nearly 10,000 calls per month. Students consistently express feelings of guilt and a sense that they cannot escape their predicaments, leading them to view suicide as their only way out – reflecting a lack of mental health support in the current system and highlighting an urgent need for increased attention to adolescent mental health.”
The full video series will launch on Suicide Prevention Services and William SD Louey Educational Foundation YouTube channels in April 2025.
The issuer is solely responsible for the content of this announcement.
About William Louey and the William S.D Louey Educational Foundation
William Louey established the William S. D. Louey Educational Foundation in 1995 to provide scholarships and bursaries for academically outstanding students from Hong Kong and Greater China to pursue studies abroad. To date, William Louey has contributed over HKD $60 million to support 60 scholars. Beyond financial assistance, William Louey has also invested time and expertise to mentor and guide students.
For more information about The William SD Louey Educational Foundation, visit https://williamlouey.foundation/
About Suicide Prevention Services (SPS)
Founded in 1995, SPS is a registered charitable organization committed to serving people who are suicidal, despairing or distressed by means of befriending and other services supporting them to regain control of their emotions and the will to live on. SPS has been helped more than 1,100,000 people, providing services including: 24-hour Suicide Prevention Hotline Service, Suicide Prevention Service for the Elderly, Services for Family with Elderly, Services for Survivors of Sudden Death and Suicide Loss, Community Education and Life Education for Youth.
For more information or to access Suicide Prevention Services, visit https://www.sps.org.hk/?lang=en
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Diginex Signs MOU for Strategic Partnership, ADX Dual Listing and up to USD$250 Million capital injection with His Highness, Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan of Abu Dhabi’s Royal family, for Acquisitions and Regional UAE and GCC Expansion via Nomas Global Investments LLC S.P.C, a solely owned SPV of His Highness

The MOUs mark a significant milestone for Diginex as it seeks to tap into the vibrant Middle Eastern capital markets while enhancing its presence in one of the world’s fastest-growing financial hubs. The dual listing on ADX, alongside its existing Nasdaq listing and recent cross listing on the Frankfurt Stock Exchange and Tradegate, will provide Diginex with access to a broader investor base and increased liquidity to support its ambitious growth plans.
On February 25, 2025, ADX and Nasdaq announced further integration in their tie-up with one another. The integration of trading platform infrastructure opens up a pathway for desirable Nasdaq listed companies to dual-list in Abu Dhabi, and Diginex is proud to be included in the first cohort of companies to go through such process. Upon completion of the listing process Diginex will be the first technology company listed on the ADX, and with a sustainability focus it stands to benefit from the regions commitment to sustainable finance, which stands at publicly committed funds for sustainable lending of more than USD$135bn.
Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, said “This strategic partnership and planned capital raise reflects our long-standing commitment to both technology and sustainability in the UAE. We must address sustainability challenges, develop strategic frameworks, and craft innovative solutions to ensure a prosperous future for all. Sustainability is a cornerstone of the nation’s strategies, as the UAE continues its unwavering efforts to harness resources and capabilities to drive global sustainable economic and social development.”
The anticipated capital raise pursuant to the MOUs will fuel Diginex’s acquisition strategy, targeting innovative firms in the AI, sustainability, and supply chain sectors by leveraging access to a new regional investor base and opportunities in the UAE, broader GCC region, and support Diginex’s global growth goals.
“We are honoured and excited to welcome a member of Royal Family of Abu Dhabi as a strategic partner,” said Miles Pelham, Chairman of Diginex. “We believe this partnership will support Diginex in establishing key relationships with regional and global financial institutions, banks, and strategic partners aligned with their business objectives. Our objective is to make Diginex a leader in ESG sustainable RegTech, utilizing gold-standard industry partnerships, blockchain, and AI technology within the UAE and GCC region”
The dual listing process will adhere to ADX’s rigorous listing standards, ensuring transparency and investor protection. Diginex anticipates completing the necessary regulatory steps and capital-raising activities in the next two quarters, with further details to be announced as the partnership progresses. However, a dual listing comes with its normal regulatory processes and there can be no assurance that Diginex’s planned dual listing of its ordinary shares on the ADX and capital raise will be successful.
Disclaimer
Not for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
This press release is issued pursuant to Rule 135(e) under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). This press release and the information it contains do not, and will not, constitute an offer to sell, nor the solicitation of an offer to purchase, any securities of Diginex in the United States (or to or from any U.S. person) or any other jurisdiction where restrictions may apply. Diginex’s securities have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and may not be offered or sold in the United States (or to any U.S. person) absent registration or an applicable exemption from registration under the U.S. Securities Act and applicable state securities law. Any public offering of Diginex’s securities to be made in the United States will be made by means of a prospectus that may be obtained from Diginex and such prospectus will contain detailed information about Diginex, its management, and its financial statements.
Hashtag: #Diginex
The issuer is solely responsible for the content of this announcement.
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044) is an impact technology business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning Diginex ESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website: https://www.diginex.com/
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HKSTP European Innovation Mixer Tour Bridging Hong Kong with 1,000+ Global Tech Talents

As part of its European tour, HKSTP together with the Hong Kong Trade Development Council (HKTDC), led 24 I&T companies to the Mobile World Congress (MWC) 2025 in Barcelona, achieving remarkable results. The Hong Kong Pavilion welcomed over 7,500 visitors, attracting representatives from global brands such as AT&T, Deutsche Telekom, Orange, T-Mobile, Verizon and Vodafone, and securing 1,000+ business collaboration opportunities. HKSTP also signed a cooperation agreement with 22@Network Barcelona to bolster cross-regional exchanges and jointly promote the sustainable development of innovative technologies.
The delegation also visited multiple universities ranked among the world’s top 10 in the UK, including Imperial College London, the University of Oxford, the University of Cambridge, and the University College London. They met with representatives from academic departments, research institutes, and innovation and entrepreneurship centres to explore various collaboration opportunities in talent development and startup incubation. The delegation hosted multiple sharing sessions on campuses, engaging with over 300 local students face-to-face and introducing internship and career opportunities at Hong Kong Science Park. They actively encouraged Hong Kong students pursuing studies in the UK to return to Hong Kong for work or entrepreneurship, collectively contributing to the thriving growth of Hong Kong’s I&T ecosystem.
HKSTP works closely with the government, industry, academia, and research sectors. In London, HKSTP co-hosted a seminar with the Hong Kong Economic and Trade Office in London (HKETO-London), Invest Hong Kong (InvestHK), and the Office for Attracting Strategic Enterprises (OASES). The event attracted interest from the local business community, academia, and I&T sector, with nearly 100 attendees focusing on Hong Kong’s potential investment and collaboration opportunities. The seminar featured guest speakers delivering keynote speeches on Hong Kong’s I&T development prospects, highlighting the city’s dynamic I&T ecosystem.
During his speech at the seminar, Mr Albert Wong, CEO of HKSTP, said: “As a growing engine situated at an international I&T hub in Asia, the HKSTP understands that nurturing next-generation I&T talent is as important as any R&D project, if not more. We’re currently an ecosystem that over 2,200 tech companies from 26 countries and regions call home, offering comprehensive support to more than 15,000 research and development professionals – a network we’re looking overseas to extend, and a number we’re eager to invest in for a sustainable future.”
While continuing to support park companies in recruiting overseas talent, HKSTP will soon launch a new talent programme designed to attract Hong Kong students and research professionals abroad to pursue careers in the city. The programme will provide eligible park companies with targeted salary subsidies and accommodation support for returning professionals, incentivising them to leverage the immense opportunities within Hong Kong’s thriving I&T ecosystem. Together, these efforts will advance Hong Kong’s rise as a leading global I&T hub.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation
More information about HKSTP is available at www.hkstp.org.
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