News

News

Below are several news reports regarding some of the deals we have successfully completed in recent years:

BEWG

Beijing Enterprises Water Group Limited ( 371.HK) acquires Hong Kong Kai Fat Group

  Beijing Enterprises Water Group announced that the company acquired Hong Kong Kai Fat Group and entered the sea cleaning business. Established in 1983, Hong Kong Kai Fat Group is the main partner of the Hong Kong Government in undertaking marine garbage cleaning and treatment. As the sole contractor for 17 consecutive years, it is responsible for the cleaning of Hong Kong waters and the treatment of marine oil pollution, including the interception and collection of marine oil, clean up remaining marine hazards and hazardous materials.   Beijing Enterprises Water Group said that as of now, the company focuses on two major businesses, water and marine environment. It has developed in the fields of solid waste, sanitation, industrial water treatment, seawater desalination, and clean energy.   External Source
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yinlun

Zhejiang Yinlun Mach CO LTD Acquires Setrab AB

  Shenzhen Stock Exchange listed Yinlun, the leading company in China’s industry of automobile radiators, in the acquisition of Setrab with operations in Sweden and Poland, being a supplier of coolers to many of the world’s premium car brands, such as Aston Martin, Audi, Bentley, Ferrari, Lamborghini, Lexus, Lotus, Mercedes, Scania and Volvo. Yinlun, having 6,500 employees around the world with sales of EUR 641M (2018), will with the acquisition of Setrab lay a solid foundation for the internationalization of Yinlun and the establishment of an European R&D centre.   External Source
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Medaware

MedAware raises $8M toward ending prescription errors

  MedAware, which uses algorithms to detect and eliminate prescription errors, said the company has raised $8 million in Series A funding. MedAware, an Israeli company with North American headquarters in Stamford, intends to use the funding, in part, to develop additional machine learning-enabled decision support solutions and make ongoing product improvements to cover more catastrophic types of errors. Other 2017 priorities include further establishing its North American footprint and expanding its number of electronic medical record (EMR) integrations in the U.S. MedAware also has received grants from Israel's Innovation Authority, among others, bringing the company's total funding raised to date to $12 million. The capital will be used to advance the company's approach to identifying the most consequential medication mistakes to improve patient safety. About 8 million people in the U.S. face serious and preventable prescription errors each year, the company said. MedAware's software performs a real-time evaluation of a prescribed drug against a specific and up-to-date patient profile. The company's machine-learning algorithms mine data gathered from millions of electronic medical records to detect outliers in prescription behavior that could potentially be fatal and immediately flag them as life threatening.   External Source
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天威大厦

Print-Rite, Pelikan Forge 30-Year Licensing Agreement

  Hong Kong (June 30, 2017) — Print-Rite, a leader in the manufacturing of printing consumables supplies, and Pelikan, a heritage worldwide known brand from Germany, have formed a 30-year licensing agreement. Effective July 1, Print-Rite will have the exclusive rights to manufacture high quality, unique patent safe cartridges using the Pelikan Brand. Pelikan Hardcopy will transfer all current trading to two new companies, one in Germany and the other in France, both of which will trade as PRP Solutions. Since the strength of the Pelikan brand and its sales and customer service are critical components in the development of reliable business over the years, Print-Rite is committed to enhancing the service for new and existing customers. Pelikan has a strong reputation in the European market as a supplier of high quality, IP safe aftermarket printer consumables, and Print-Rite was considered the obvious and best partner in the industry able to maintain and enhance this reputation. Print-Rite has more than 2,600 patents and operates with an emphasis on quality and non-infringing IP products at the highest level.   “This is an important strategic collaboration for the two highly reputable companies,” said Arnald Ho, founding chairman of the Print-Rite Group. “We expect to deliver more superior and reliable products with this powerful agreement, a new chapter of the whole compatible hard copy supply industry has opened.”   Print-Rite, the famously energetic brand from China, has extensive resources and manufacturing facilities as well as a broad and growing product portfolio. Its focus on the hardcopy industry has been built over a 35-year history as a leading supplier to markets across the globe. Recently Print-Rite was awarded the distinction as one of the top 100 companies in China for innovation across all industries and sectors.   About Print-Rite Holdings Limited Print-Rite Holdings Limited (“PRH”) is a holding company for operating businesses that invest in, develop and manufacture products in the aftermarket printer consumable industry. PRH’s subsidiaries provide more than 4,000 products, including ribbons, inks, inkjet printer cartridges, laser printer cartridges, toner, OPC, rollers, and chips. The aftermarket laser printer consumable products are provided by PRH’s subsidiaries within an extensive supply chain network unique in this sector. From components to finished goods, they all are manufactured in modernizedand well-equipped plants accredited with ISO 9001, ISO 14001 and IECQ HSPM QC 080000 standards. PRH also takes pride in the registration of over 2,600 patents worldwide by its six subsidiary companies, made possible via their substantial investment in R&D.   About Pelikan Pelikan, a company of long-standing tradition, has been making history for over 175 years now. On April 28, 1838, with the release of the first price list for his paint factory, the chemist Carl Hornemann laid the foundation for the success of this world renowned traditional company from Hanover, Germany.   Pelikan’s strength is its 179 years of experience and expertise in stationery and art supplies. Generations of customers have grown up with the brand. In the global premium segment, Pelikan combines excellent quality, trend-setting innovation and educational concepts with complete functionality and a clear design aesthetic.   External Source
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PST

Hubei Forbon Technology to buy fertilizer firm PST Industries for up to 120 mln yuan

  Hubei Forbon Technology Co Ltd <300387.SZ> ::* Says co enters into agreement to fully acquire a French fertilizer firm PST Industries at price of no more than 120 million yuan.   External Source (Chinese only)
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Soiloptix

Hubei Forbon Technology to set up China JV with Canada's Soiloptix Inc

  Hubei Forbon Technology Co Ltd Says it plans to invest 76.5 million yuan ($11.11 million) to set up China joint venture with Canada's Soiloptix Inc.   About Soiloptix Inc: The SoilOptix® scanner detects gamma radiation rays emitted by the soil to provide a complex picture of its condition at 335 points of data per acre, taken along with physical soil samples that are integrated into our readings to understand the variability in nutrients and textures across the field. SoilOptix® uses proprietary software to translate this information into high definition digital maps and generic shapefiles to be loaded into any GIS platform. The scan measures and maps all common nutrient properties along with various soil textures, plus plant available water and bulk density. The resulting data is VRA ready to maximize seeding and input performance.   External Source
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