Everest Medicines Appoints Jennifer Yang as Chief Scientific Officer

SHANGHAI, April 15, 2021 /PRNewswire/ — Everest Medicines (HKEX 1952.HK), a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Greater China and other parts of Asia, announced today the appointment of Dr. Jennifer Yang as chief scientific officer. Dr. Yang has two decades of leadership experience in drug discovery and development at global pharmaceutical companies.

“We are pleased to welcome Dr. Yang to Everest’s leadership team. Jennifer’s deep expertise in drug discovery and translational medicine combined with her extensive experience in global development will be invaluable to the Company.  She will establish a strong discovery organization that contributes to the strategic expansion of our clinical development pipeline,” said Kerry Blanchard, MD, PhD, chief executive officer of Everest Medicines.

“I’m very excited to join Everest Medicines’s top-tier team of global healthcare professionals to bring innovative medicines that address diseases with high unmet medical needs to patients in China and around the world,” said Dr. Yang. “I look forward to building a robust discovery organization with deep scientific expertise with the mission to expand Everest Medicine’s already impressive portfolio.”

Most recently, Dr. Yang served as vice president and head of China for Johnson & Johnson’s Lung Cancer Initiative where she established and led a cross-sector research and development (R&D) organization for the creation of innovative solutions for lung cancer prevention, interception and cure. Jennifer transitioned into this role from Janssen (China) Research & Development Center, where she was the head of Discovery Center.  Prior to joining Johnson and Johnson, Dr. Yang held global leadership positions at Eli Lilly and Company and Pfizer Inc Oncology Research Unit in the United States.

Dr. Yang holds a Ph.D. in molecular biology and human genetics from the Eccles Institute of Human Genetics at the University of Utah, a Master’s degree in immunology and microbiology from Southern Illinois University, and a Bachelor of Science degree in microbiology from Fudan University in China.

About Everest Medicines

Everest Medicines is a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Greater China and other Asian markets. The management team of Everest Medicines has deep expertise and an extensive track record of high-quality clinical development, regulatory affairs, CMC, business development and operations both in China and with leading global pharmaceutical companies. Everest Medicines has built a portfolio of eight potentially global first-in-class or best-in-class molecules, many of which are in late stage clinical development. The Company’s therapeutic areas of interest include oncology, autoimmune disorders, cardio-renal diseases and infectious diseases. For more information, please visit its website at www.everestmedicines.com. 

Openpay ranked number 318 fastest growing technology company in the Deloitte Technology Fast 500™ Asia Pacific 2020

Attributes its 163% growth to its strong Australian foundation and focused global expansion strategy

MELBOURNE Australia, April 15, 2021 /PRNewswire/ — Australian Buy now, pay later (BNPL) provider Openpay Group Ltd (ASX: OPY) is delighted to announce it ranked number 318 on the Deloitte Technology Fast 500™ Asia Pacific 2020, a ranking of the 500 fastest growing technology companies in the Asia Pacific region, in a year where only 102 Australian companies were named. Rankings are based on percentage revenue growth over three years. Openpay grew 163% percent during this period.

Openpay’s CEO and Managing Director, Michael Eidel, credits strong Australian foundations, supported by a 2019 ASX initial public offering and a highly focused international expansion strategy with the company’s 163% revenue growth over the past three years, commenting:

“It is a great privilege to be recognised in Deloitte’s Technology Fast 500™ alongside such distinguished company. This ranking recognises our efforts across a three-year period, which have been like three separate lifetimes for Openpay. Through that period, we have listed on the ASX; lived through a pandemic environment and outperformed along the way. We have built on our strong Australian foundations, established a fast-growing UK business, and right at the end of 2020, launched into the United States, the world’s biggest payments market.

“We are very proud to share this achievement today, and look forward to taking the opportunity this time, next year to see how the US strategy has added to our ambitious growth plans,” he finished.

“Being ranked on the Deloitte Technology Fast 500™ is an impressive achievement, especially because today’s technology companies are thriving in extraordinarily competitive and changeable environments,” said Mike Horne, Asia Pacific Deloitte Private Leader. “We applaud Openpay for being a top ranked Australian company on the index.”  

On top of ranking on the Deloitte Technology Fast 500™, Openpay also ranked 41 on the Deloitte Technology Fast 50 Australia, which ranks the 50 fastest growing technology firms in the country.

Deloitte Technology Fast 500™ Asia Pacific selection and qualifications

The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500™, and public company database research. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.


About Openpay

Openpay Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global ‘Buy now pay later’ (BNPL) payment solutions market. The Company’s strong platform enables it to deliver the most flexible plans in the market with durations of 2-24 months and values of up to $20,000.

Openpay focuses on industries where it can make a true difference: Automotive, Healthcare, Home Improvement, Memberships and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.

Openpay also has a unique B2B offering, Openpay for Business, a SaaS-based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system.

Openpay provides services to Customers and Merchants in Australia, New Zealand, the UK and entered the US market, under the brand name Opy, in December 2020.

See more at www.openpay.com.au.

Important note

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms and their affiliated entities are legally separate and independent entities. DTTL does not provide services to clients.

Please see www.deloitte.com/about to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Shanghai, Singapore, Sydney, Taipei and Tokyo.

Deloitte Private is the brand under which firms in the Deloitte network provide services to privately owned entities and high-net-worth individuals. © 2020. For information, contact Deloitte Touche Tohmatsu Limited.

PR Contact:

Tara Harvey
Keep Left
+61 484 002 021

EMPEA Inaugurates New Asia Headquarters in Singapore

NEW YORK, April 15, 2021 /PRNewswire/ — EMPEA, the industry association for private capital investment in Africa, Asia, CEE, Latin America and the Middle East, today announced the launch of its new Singapore-based Asia headquarters.

“Private capital flows across borders will continue to expand in the coming years as investors seek opportunities that are scalable, diversified and global,” said EMPEA CEO and Board Member Cate Ambrose. “Environmental sustainability, technology and innovation will drive investment decisions, and EMPEA’s Asia headquarters will be a hub to act on these themes.”

Asia continues to gain prominence as a global financial center and international destination for private capital investment. The new EMPEA headquarters allows the organization to effectively represent the leading fund and institutional investors based in Southeast Asia, and to build bridges among investors across global markets with Singapore as a key nexus.

“MAS welcomes EMPEA’s establishment of its Asia headquarters in Singapore,” said Mr. Lim Cheng Khai, Executive Director, Financial Markets Development, MAS. “Singapore is at the heart of Asia’s vibrant and growing private markets ecosystem. With its new Singapore office, EMPEA will be able to develop more targeted research and solutions for Asian managers and investors.”

EMPEA’s Singapore office builds on the network of investors established by Senior Advisor Steve Okun since 2017. Steve will remain engaged and is joined by Asia Research Director Ethan Koh, who brings over a decade of industry experience including roles at Partners Group and PEI Media. In his position, Ethan will lead dedicated Southeast Asia research focused on investment data and market trends and collaborate closely with EMPEA’s Asia Council, which will convene in Singapore annually.

This newly established footprint also follows the recent addition of two regionally based Board of Director members and reflects the organization’s growing membership base in Southeast Asia. See below for a highlighted list of EMPEA member firms with a presence in the region:


Hamilton Lane



Adams Street Partners

L Catterton

ADM Capital

Lakeshore Capital

Affirma Capital

LeapFrog Investments

Asia Alternatives Management 

Monk’s Hill Ventures

Asian Infrastructure Investment Bank

Morgan Stanley AIP

Baring Private Equity Asia

Myanmar Strategic Holdings

Brookfield Asset Management

Navis Capital Partners

Bull Capital Partners



Openspace Ventures

Capital Dynamics

PineBridge Investments



Cerberus Capital

Quona Capital

CITIC Capital

The Carlyle Group

Encourage Capital

The Rohatyn Group

Everstone Capital Asia

True North

Fiera Capital (Asia)

TVM Capital Healthcare Partners

General Atlantic

Warburg Pincus

Gulf Capital

57 Stars

EMPEA is a non-profit, independent membership organization representing private capital investors who manage more than USD1 trillion in assets across Africa, Asia, CEE, Latin America and the Middle East. Our mission is to connect and influence key market participants to drive transparency and sustainable investment. EMPEA advances this agenda with proprietary data and intelligence, networking and education, and the advocacy of sound public policy. To find out more, please visit EMPEA.org.

Olivia Weiss
weisso@empea.net | press@empea.net | +1.646.315.6737

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Vection to Acquire Leading Australian archviz studio

PERTH, Australia, April 15, 2021 /PRNewswire/ — ASX Listed, real-time software company Vection Technologies Ltd (ASX:VR1) has announced the proposed acquisition of leading Australian archviz studio, Blank Canvas Studios.

Vection Technologies plans to leverage Blank Canvas’ real estate visualisation expertise to attract more mid-market customers as part of its broader global growth strategy to leverage its 3D, Virtual Reality (VR) and Augmented Reality (AR) product offerings in industry-specific verticals.

Founded in 2017, with studios in Perth and Sydney, Blank Canvas specialises in architectural visualisation through 3D imagery and 3D animation, partnering with some of Australia’s leading residential and commercial developers, including Mirvac, Blackburne, Finbar, Mustera Property Group, Megara, Vicinity Centres, AMP Capital, Development Victoria and Dexus Wholesale Property Fund.

Through the acquisition of Blank Canvas, Vection extends its Architecture, Engineering, Construction (AEC) & Real Estate offerings with two important capabilities: the first being the ability to provide vertical-specific 3D rendering and visualisation services; the second to deliver Vection’s cloud 3D, VR and AR applications directly to the Australasian real estate and architectural industries.

The purpose of this AEC & Real Estate vertically integrated acquisition is to deliver an industry leading product visualisation offering for architectural firms and property developers, made possible by Vection’s cloud 3D, VR and AR technologies, which will augment Blank Canvas’ existing product and service suite. 

We are thrilled to join Vection Technologies during this really important time in the evolution of architectural visualisation. We’re seeing enormous change in the sector and leveraging Vection’s AR and VR capabilities will allow us to remain at the forefront of the industry.” Commented Paul Clayton, Managing Director of Blank Canvas. For residential and commercial developers, it means that, beyond photorealistic 3D imagery and animation, we’ll expand to web-based AR and VR customer experiences that are truly immersive, to support our clients’ marketing and sales strategies. So, our ability to add both creative and commercial value to every project has now been greatly enhanced, which is really exciting.”

Entire industries are experiencing the transformational power of real-time 3D technologies, resulting in their complete re-imagination. In this context, Blank Canvas will enable Vection Technologies to deliver seamless, AEC and Real Estate industry-specific real-time 3D solutions, expanding our market penetration and network throughout Australia and globally.” Commented Gianmarco Biagi, Managing Director of Vection Technologies. “By leveraging our global infrastructure and market positioning, we believe that Blank Canvas can greatly improve its operating performance and margins with an expanded product breadth and scale, while representing the first foundational step in our Australasian growth plan. We are looking forward in accelerating our global Verticalization Strategy.

About Vection Technologies:

Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation.

Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.

For more information please visit the Company’s websites:



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Liquidity-fueled IPO markets break records in Q1 2021

– Q1 2021 global IPO volumes rose 85% and proceeds rose 271% year-on-year

Special purpose acquisition company IPOs were more active in Q1 2021 than through all of 2020

Q1 2021 was the best performing first quarter in 20 years

LONDON, April 15, 2021 /PRNewswire/ — Attractive market conditions in 2021 so far have resulted in the best-performing first quarter by deal numbers and proceeds in the last 20 years. While Q1 is traditionally a slow quarter, this heightened activity bucks that trend. Just as traditional IPO markets have been highly active, the special purpose acquisition company (SPAC) IPOs in Q1 have also been breaking records, completing more deals and raising more in proceeds than in the whole of 2020. Through Q1 2021, the global IPO market saw 430 deals raising US$105.6b in proceeds, increasing by 85% and 271% year-on-year, respectively.

This continued surge in momentum can be attributed to ample liquidity and new opportunities propelled by the COVID-19 pandemic. At the same time, speculative and opportunistic transactions along with the popularization of retail investing platforms among the general public, including younger generations, have made investing more accessible than ever. Looking ahead, with fears of a market correction on the horizon, investor sentiment remains fragile. With this in mind, investors will continue to look for investment returns taking advantage of liquidity, while it is still available.

The Americas region continued its streak of resilience into the first quarter with 121 deals raising US$45.2b in proceeds. Overall, Americas exchanges saw the highest combined deal numbers and proceeds in more than 20 years. The Asia-Pacific region recorded the highest IPO proceeds in 20 years seeing 200 IPOs raising US$34.3b in proceeds. Following a quiet 2020, IPO markets in EMEIA roared to life in Q1 2021 resulting in 109 IPOs and US$26.1b in proceeds.

The technology sector remained as the top spot by deal numbers through the first quarter dominating in terms of number of IPOs (111) and proceeds (US$46.1b). Health care followed with 78 IPOs raising US$14b. Industrials came in third by IPO numbers seeing 57 deals raise US$6.3b in proceeds. These and other findings were published today in the EY quarterly report, Global IPO Trends: Q1 2021.

Paul Go, EY Global IPO Leader, says:

“With markets awash with liquidity, global IPO deal numbers and proceeds have posted the best performance witnessed in 20 years. However, many uncertainties remain that can create volatility and affect the IPO markets. These include slower-than-expected vaccination programs and new waves of the pandemic that can continue to peg back any real economic recovery; the slow-down and withdrawal of IPO applications due to tightened regulatory process; and risk of capital markets destabilizing from banks scaling back on leverage. Companies need to be well prepared to access the market when the window remains open.”

Americas IPO markets break records by deal numbers and proceeds in Q1 2021

IPO activity in the Americas region more than tripled by deal numbers compared with Q1 2020 with deals increasing 218% (121 IPOs) and proceeds raising an unprecedented 446% more, totaling US$45.2b. While the health care sector continued to lead the region by deal numbers through Q1, with 44 IPOs (raising US$8.7b), the technology sector accounted for the lion’s share of the region’s proceeds raising US$21.4b (via 33 IPOs).

As with the global market, the US tends to be slower in Q1. However, Q1 2021 saw deals being carried over from 2020 and issuers taking advantage of high valuations led by technology companies resulting in the US seeing 99 IPOs raising US$41.1b overall. The explosion of SPAC IPO activity continued into Q1 2021 with activity already surpassing the records broken in 2020. In Q1 2021, there were already three times as many SPAC IPOs on US exchanges than traditional IPOs, all while traditional IPO deal numbers skyrocketed as well. Through Q1 2021, the US saw 300 SPAC IPOs raise US$93.4b in proceeds.

Like the US, Brazil’s IPO activity continues to surge culminating in the country’s most active quarter since 2007. In Q1 2021, Brazil represented 12% of the region’s total IPO count with 15 IPOs raising US$3.5b.

Rachel Gerring, EY Americas IPO Leader, says:

“Americas IPO activity maintained its resiliency into 2021, driven by high valuations and strong aftermarket performances. Despite the volume of SPACs and the attention they are receiving, traditional IPOs have staying power with Q1 2021 deal numbers and proceeds being the highest in more than 20 years. Continued innovation in the traditional IPO product is allowing a healthy competition with non-traditional approaches to public markets. Ongoing evolution provides issuers more optionality and the ability to form a curated path to public markets.”

Asia-Pacific IPO markets defied expectations, maintaining positive momentum

The Asia-Pacific region started the year by accounting for nearly half (47%) of the global IPO activities in Q1 2021. The region saw 200 IPOs raising US$34.3b in proceeds, achieving the highest Q1 proceeds in 20 years, beating the former record from Q1 2010. In terms of sector activity, technology outpaced all others by both volume (51) and proceeds (US$17.7b).

Greater China’s positive economic growth was reflected in its buoyant IPO momentum. Despite a new review process instituted by Chinese regulators, Greater China saw a 51% increase in deals (133) and 121% increase by proceeds (US$28.9b) YOY.

Japan’s IPO activity remained steady as well, as funds continued to find their way to high-tech startups resulting in a healthy pipeline of IPO candidates. Overall Japan saw 20 IPOs raise US$1.0b in proceeds.

Ringo Choi, EY Asia-Pacific IPO Leader, says:

“It’s the first quarter of a new year. It’s the first year of a new US presidency, with a new team at the table to deal with US-China relations. In addition, we are entering the second year of the COVID-19 pandemic. There is optimism, yet uncertainties remain, which could lead to volatility in Asia-Pacific IPO markets in 2021. Asia-Pacific companies will need to be resilient to these types of challenges to be successful in their IPO journey.”

EMEIA’s IPO market sees increased momentum, optimism and unicorns through Q1

The EMEIA region got off to a strong start in Q1 2021 buoyed by the lingering momentum from Q4 2020. Sustained activity in the region can be attributed to high valuations, low volatility and rising confidence in an eventual economic rebound. Overall, EMEIA saw 109 IPOs, a 179% increase YOY. These deals raised US$26.1b in proceeds, a 646% increase YOY.

Europe stayed resilient, despite restrictions brought on by the COVID-19 pandemic, resulting in improved investor sentiment. European IPO activity rebounded in Q1 increasing deal numbers by 315% (83) and proceeds by 1,814% (US$23.1b). In the UK, investors sustained their appetites and companies took advantage of pandemic-accelerated growth and high levels of liquidity. The UK ended the quarter with 17 IPOs raising US$7.5b in proceeds, increasing 467% and 1,031%, respectively.

Dr. Martin Steinbach, EY EMEIA IPO Leader, says:

“High valuations, low volatility and increasing optimism of an economic rebound have sustained IPO activity in Q1 2021 and motivated several unicorns to leap through the open transaction window. We expect this momentum will carry into Q2 2021. With tailwind from government stimulus and a successful rollout of vaccines across the region, there is growing confidence in a global economic rebound in 2021 and 2022. However, a third wave of the COVID-19 pandemic and a possible market correction may influence IPO windows for the remainder of the year. IPO candidates need to prepare early and keep all options open.”

Q2 2021 outlook: uncertainties may saturate market volatility triggering a perfect storm

While sentiments are trending positive, uncertainties will continue to weigh, creating market volatility. The likelihood of new waves of the COVID-19 pandemic around the world combined with differing global vaccination progress, geopolitical tensions, inflation, interest rates and the ability of the global financial systems to withstand unexpected market shocks are all potential ingredients for a perfect storm. Whether a company decides to take the route of a traditional IPO, SPAC merger or a direct listing, well-prepared companies in popular sectors and with the right stories should move now to catch the transaction window while it’s still open.

Notes to Editors

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.  

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.  

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. 

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com. 

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients. 

About EY Private
As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/private

About EY’s Initial Public Offering Services
Going public is a transformative milestone in an organization’s journey. As the industry-leading advisor in initial public offering (IPO) services, EY teams advise ambitious organizations around the world and helps equip them for IPO success. EY teams serve as trusted business advisors guiding companies from start to completion, strategically positioning businesses to achieve their goals over short windows of opportunity and preparing companies for their next chapter in the public eye. EY advisors served on companies that raised 58% of all IPO proceeds in 2020. ey.com/ipo

About the data
The data presented in the Global IPO trends: Q1 2021 report and press release is from Dealogic and EY. Q1 2021 (i.e., January-March) is based on completed IPOs as of 24 March 2021 and expected IPOs by end of March 2021. Data as of  25 March 2021, 9 a.m. UK time.  All data contained in this document is sourced from Dealogic, CB Insights, Crunchbase and EY unless otherwise noted. Special purpose acquisition company (SPAC) IPOs are excluded in all data included in this report, except where indicated.

First quarter IPO activity


Number of


January 2019



February 2019



March 2019



Q1 2019



January 2020



February 2020



March 2020



Q1 2020



January 2021



February 2021



March 2021



Q1 2021



Source: Dealogic, EY


Appendix: January 2021 – March 2021 global IPOs by sector


Number of

of global


Percentage of
global capital

Consumer products





Consumer staples






























Media and entertainment





Real estate




















Global Total





Source: Dealogic, EY

Figures may not total 100% due to rounding.

Rosie Izzi
EY Global Media Relations
+1 419 309 0443


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Mitsubishi UFJ Morgan Stanley Securities (MUMSS) Deploys InvestCloud Wealth Platform to Target Fast-Growing High-Net-Worth Individuals

InvestCloud Wealth Platform supports MUMSS to accelerate its digital transformation and goal-based management features to boost team productivity and better serve investors

SINGAPORE and TOKYO, April 14, 2021 /PRNewswire/ — InvestCloud, an award winning global FinTech firm serving some of the largest banks, wealth managers and asset managers in the world, today announced the deployment of its wealth management platform by Mitsubishi UFJ Morgan Stanley Securities (MUMSS). MUMSS is the wealth management, global markets and investment banking arm of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank and the world’s fourth largest bank by total assets.

Financial advisors at Private Banking Group of MUMSS will use the InvestCloud Wealth Platform to expand its client base of Japanese high-net-worth individuals – a fast-growing sector in a country historically underserved by wealth management services. The InvestCloud platform will enable financial advisors to enhance digitalisation in their client relationship processes, focusing on the specific needs of the client and delivering more personalised services rather than spending time on manual processes.

The deal is also the result of substantial investment made by InvestCloud in its Japanese operations. In recent times, it has adapted its multi-jurisdiction platform to accommodate local requirements including Japanese language, calendar and regulations. InvestCloud has also expanded its Tokyo office, moving to larger premises and expanding its local team of IT and wealth management professionals whose skill sets match the needs of financial service providers in Japan. 

Christine Ciriani, CEO of Private Banking, InvestCloud, says: “We are enormously proud and excited to be working with MUMSS. Japanese high-net-worth sector customers place tremendous value in their relationships with their service provider, and we have made significant investment in our technology and workforce in Japan so that local wealth managers can meet and exceed these expectations.” 

Haruka Homma, Country Manager Japan, InvestCloud says: “The Japanese high-net-worth sector is undergoing a long-awaited transition. A large number of high-net-worth customers have been waiting for advisors who are able to provide more customer-centric advice such as goal-based wealth planning. In that sense, this project can be said to be an important milestone for a major transformation of not only the MUMSS business, but also the wealth management business in Japan. We look forward to supporting MUMSS as it evolves its business to serve this diversifying market of investors.”

About InvestCloud

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. Headquartered in Los Angeles, InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, Tokyo, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers and asset services companies.

For more information, visit InvestCloud.com.

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Premia Partners announces listing of Hong Kong’s first USD high yield bond ETF and in collaboration with BOCHK Asset Management Limited globally

the first ETF for long duration Chinese government bonds

HONG KONG, April 14, 2021 /PRNewswire/ — Premia Partners, a leading ETF provider in Hong Kong, announces today listing of two China bond ETFs at HKEx.

These physically replicated ETFs offer cost-efficient, unique and convenient access to the sweet spots in offshore China USD bond and onshore China government bond (CGB) markets.

  • Premia China USD Property Bond ETF (Tickers: 3001 HKD / 9001 USD/ 83001 RMB) with current yield of ~7%* is the first SFC authorized high yield bond ETF in Hong Kong. It tracks the ICE 1-5 Year USD China Senior Real Estate Corporate Constrained Index, for USD denominated high grade and high yield debt securities issued by Chinese real estate corporate issuers. The strategy takes a rule-based, diversified approach with 5% limit on issuer group, covers only secured and senior issues rated by S&P, Moody’s or Fitch, excluding local government financing vehicles (LGFVs) and subordinated debts.
  • Premia China Treasury & Policy Bank Bond Long Duration ETF (Tickers: 2817 HKD / 9817 USD/ 82817 RMB) tracks the ICE 10+ Year China Government & Policy Bank Index, with average duration of ~18 years*, making this globally the first ETF that provides direct access to ultra-long duration China treasury and policy bank bonds traded in onshore China. As important building block for long duration CGB exposure, the ETF complements existing China Treasury ETFs amid global government bond index inclusion. BOCHK Asset Management Limited (a member of the Bank of China Group) is the investment advisor.

*As of April 14th 2021

“We are delighted to launch these unique ETFs that offer attractive risk-adjusted returns in this low yield environment,” said Rebecca Chua, Managing Partner of Premia Partners. “Now without opening onshore China bond accounts, investors can conveniently access long duration CGBs onshore and high yield USD China bonds offshore through HKEx, and without stamp duty, withholding or capital gains tax.”

Mr Shen Hua, Chief Executive Officer of BOCHK Asset Management Limited (“BOCHKAM”) said, “BOCHKAM is delighted to co-launch with Premia Partners the first long-duration RMB bond ETF. This ETF enjoys low-cost investing, trading flexibility and high transparency comparing to traditional mutual funds, providing an investment alternative for investors to satisfy their needs for asset allocation. We are committed to providing more high-quality products to facilitate RMB internationalisation and help Hong Kong to develop as a global asset management centre.”

“As a leading provider of index services for global ETFs and fixed income evaluations, ICE is delighted to collaborate with Premia Partners on these two unique products,” said Magnus Cattan, Vice President of Fixed Income and Data Services, Asia Pacific at ICE. “As investor interest for China bonds continues to grow rapidly, ICE is honoured to contribute to the market development with more innovative solutions.”

About Premia Partners

Founded in 2016, Premia Partners is one of the leading ETF managers from Hong Kong, dedicated to building low-cost, efficient, best practice ETFs for Asia. As of April 14th 2021, Premia Partners manages 8 ETFs including Premia CSI Caixin China New Economy ETF which is the 4th largest China A-shares ETF in Hong Kong, and winner of the HKEx 2019 Top Performing ETF – Total Return Award. For more information on Premia or Premia ETFs covering China, Emerging ASEAN, Asia Innovative Technology, Vietnam, China high yield bonds, China government bonds and US Treasury, please visit www.premia-partners.com 

About BOCHK Asset Management Limited

Established in 2010, BOCHK Asset Management Limited (“BOCHKAM”) is a wholly owned subsidiary of BOC Hong Kong (Holdings) Limited, which is one of the largest listed companies and commercial banking groups in Hong Kong, and a member of the Bank of China Group. BOCHKAM is committed to providing retail and institutional investors with a wide array of bond, equity and alternative investments products. In 2020, the company was garnered as “Best RMB Manager” in the 2020 Best of the Best Awards in Hong Kong by Asia Asset Management and “Outstanding Achiever, China Fixed Income House Award” in Fund of the Year Awards by BENCHMARK.

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Mercurity Fintech Holding Inc. Announces US$10 Million Private Placement

BEIJING, April 14, 2021 /PRNewswire/ – Mercurity Fintech Holding Inc. (“MFH” or the “Company”) (Nasdaq: MFH), today announced that three investors, namely Kaiyu Chen, Baibang Technology Co., Ltd. and Le Chai Wow Group Holding Ltd, have agreed to purchase a total of 537,143,470 ordinary shares of the Company (“Ordinary Shares”) and warrants to purchase up to 537,143,470 Ordinary Shares (the “Warrants”) for an aggregate consideration of US$10,000,000, to be settled in the form of 172.9354 bitcoins.

The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. The investors have agreed to a contractual lock-up restriction of their shares to be acquired in the transaction for 180 days after the closing. The securities issuance is exempt from registration under the Securities Act of 1933, as amended, (the “Securities Act”) in compliance with Regulation S under the Securities Act.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Xingyan Gao
Mercurity Fintech Holding Inc.
Tel: +86 (10) 5360 6428

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Ace Global Business Acquisition Limited Announces Closing of Over-Allotment Option in Connection with its Initial Public Offering

NEW YORK, April 13, 2021 /PRNewswire/ — Ace Global Business Acquisition Limited (NASDAQ: ACBAU, the “Company”) announced today that the underwriters in its initial public offering, pursuant to the terms of the underwriting agreement, exercised in full their previously announced option to purchase 600,000 units to cover over-allotments, and, on April 9, 2021, purchased these additional units, generating additional gross proceeds of $6,000,000.

The total aggregate issuance by the Company of 4,600,000 units at a price of $10.00 per unit resulted in total gross proceeds of $46,000,000.

Each unit consists of one ordinary share and one warrant to purchase one ordinary share at a price of $11.50 per whole share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on NASDAQ under the symbols “ACBA” and “ACBAW,” respectively.

Ladenburg Thalmann & Co. Inc. and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as joint book-running managers in the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 5, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Ladenburg Thalmann & Co. Inc., 640 5th Ave, 4th Floor, New York, NY 10019. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

About Ace Global Business Acquisition Limited

Ace Global Business Acquisition Limited is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in the gaming and e-commerce sectors in the Greater China, Japan and Southeast Asia regions.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Farmmi Announces Exercise and Closing of Underwriter’s Over-Allotment Option

LISHUI, China, April 13, 2021 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced that the underwriter of its previously announced underwritten public offering has exercised, in full, its option to purchase an additional 970,419 ordinary shares at a price of $1.15 per ordinary share. Total gross proceeds to the Company from the offering, including the funds received from the prior closing and exercise of this option, are approximately $8.6 million, before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The offering was made pursuant to an F-3 registration statement (No. 333-254036) previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”). A final prospectus and accompany registration statement relating to the offering were filed with the SEC and are available on the SEC’s website at www.sec.gov.

Aegis Capital Corp. acted as the Sole Book-Running Manager for the offering.

A copy of the final prospectus and accompanying registration statement relating to the offering may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms and other edible fungi.  For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

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