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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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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
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“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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