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Hyosung Chemical Corp.on Thursday announced that it will sell stock to raise 50 billion won (US$37.4 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue 601,685 common shares at a price of 83,100 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency
K-pop boy group Tomorrow X Together (TXT) said Thursday its upcoming album captures the story of youth who have the courage to tirelessly move forward to achieve their dream in the face of harsh reality.
“The Name Chapter: Freefall,” the band’s third full-length album, due out Friday, marks the first studio album from the quintet since May 2021, when “The Chaos Chapter: Freeze,” the second full-length album, was released.
Also the second volume of the “The Name Chapter” album series, the “Freefall,” the new album tells a story that continues from the latest release, “The Name Chapter: Temptation,” the group’s fifth EP, released in January.
The previous EP depicted the five boys swaying in front of the temptation to live in the present. And the “Freefall” tells what happens to them after they decide to squarely face reality, chase their dreams and grow up, according to the band.
During a media showcase held in Seoul a day before the album’s release, the group’s leader, Soobin, said he had thought a lot about what the reality faced by their young peers might be today while working on the album.
“I think that is something tiring and burdensome. Nonetheless, we have to move forward for our dreams and goals,” he said.
Such a thought was reflected in the lead track, which depicts the youth’s agenda of running tirelessly for their dreams.
When asked about the “reality” that the album deals with, Yeonjun explained, “It’s this world we live in.”
“I think young people today are anxious about the uncertain future and experience trials, but I also think that beautiful moments coexist within it. We portrayed the fragile but strong youth in the unique style of Tomorrow X Together,” he said.
The album’s main track, “Chasing That Feeling,” is a song that announces a new beginning of the boys in the reality after leaving behind a past that was sweet but lacked growth.
Also included are eight songs — “Growing Pain,” which compares pain to growing pains; “Dreamer,” which depicts a boy who has realized his identity; “Happily Ever After,” which contains a message about not losing hope; and “Do It Like That,” which depicts the ecstatic moment of falling in love.
Huening Kai said his first impression of the main track was that it was “fresh” and “addictive.”
“At first it was unfamiliar, but the more I listened to it, the more fresh and addictive it was, like ‘Sugar Rush Ride’,” he said.
Soobin said: “It’s good to listen to from start to finish lightly when you play it. You start humming as soon as you listen to it.”
The group has reached its first-ever No. 1 on the Billboard 200 chart with “The Name Chapter: Temptation.”
It later became the first K-pop group to headline this year’s Lollapalooza music festival in Chicago and took the stage for the 2023 MTV Video Music Awards.
Asked about the group’s growing global presence, Soobin said: “There have been many places where I have wondered if I deserve such a glorious place. I still feel like it’s unreal. The thought that we’re contributing a little to spreading K-pop to the world is a source of motivation for me to work harder.”
Yeonjun said: “It’s still amazing and I feel my sense of responsibility is also growing. I want to show you more of my effort without settling for what I’ve achieved.”
Asked exactly what he wants to achieve, he shyly answered it would be nice if a song from the group makes it to the Billboard Hot 100.
He also expressed hope to meet more fans in greater performance venues.
Source: Yonhap News Agency
Isu Abxis Co.on Thursday announced that it will sell stock to raise 10 billion won (US$7.5 million). The proceeds from the stock sale will be used mainly to pay off its debts.
According to a regulatory filing, the company will issue some 1.42 million common shares at a price of 7,000 won per share. The stock will be sold to the investors that the firm designated.
(END)
Source: Yonhap News Agency
RICHMOND, British Columbia and TOKYO, Oct. 11, 2023 (GLOBE NEWSWIRE) — Today, General Fusion and Kyoto Fusioneering announced a Memorandum of Understanding (MOU) to accelerate the commercialization of General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, aiming for grid integration in the early to mid-2030s. The companies will collaborate to advance critical systems for MTF commercialization, including the tritium fuel cycle, liquid metal balance of plant, and power conversion cycle.
Tritium, a hydrogen isotope and key fusion fuel, does not occur naturally and must be produced or “bred” in the fusion process. General Fusion’s game-changing commercial power plant design features a proprietary liquid metal wall that compresses plasma to fusion conditions, protects the fusion machine’s vessel components, and breeds tritium upon interacting with the fusion products. This design allows the machine to be self-sustaining, generating fuel for the life of the power plant while facilitating efficient energy extraction from the fusion reaction through a liquid metal loop to a heat exchanger.
Kyoto Fusioneering specializes in fusion power plant systems that complement the plasma confinement core, are applicable to various fusion confinement concepts, such as MTF, and are on the critical path for fusion commercialization. The complementary capabilities of both organizations will enable parallel development of key systems supporting MTF commercialization. Initial collaboration under this MOU will focus on liquid metal experimentation and fuel cycle system development at both the General Fusion and Kyoto Fusioneering facilities, such as establishment of balance of plant and power conversion test facilities, liquid metal loops, and vacuum systems.
Quotes:
“Currently, our new machine, LM26, is on-track to achieve fusion conditions by 2025, and progress towards scientific breakeven by 2026,” said Greg Twinney, CEO, General Fusion. “Harnessing the unique technological and engineering expertise of Kyoto Fusioneering will be instrumental as we translate LM26’s groundbreaking results into the world’s first Magnetized Target Fusion power plant.”
“We’re thrilled to join forces with General Fusion. Our combined expertise will accelerate the path to commercial fusion energy, a critical step toward a sustainable, decarbonized future,” said Satoshi Konishi, Co-founder and Chief Fusioneer, Kyoto Fusioneering.
Quick Facts:
About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Richmond, B.C. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders and technology pioneers. Learn more at generalfusion.com.
General Fusion Media Relations
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+1-866-904-0995
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About Kyoto Fusioneering
Kyoto Fusioneering, established in 2019, is a privately funded technology startup with facilities in Tokyo and Kyoto (Japan), Reading (UK), and Seattle (USA). The company specialises in developing advanced technologies for commercial fusion power plants, such as gyrotron systems, tritium fuel cycle technologies, and breeding blankets for tritium production and power generation. Working collaboratively with public and private fusion developers around the world, Kyoto Fusioneering’s mission is to make fusion energy the ultimate sustainable solution for humanity’s energy needs.
Explore more about KF’s vision for the future of energy at www.kyotofusioneering.com/
GlobeNewswire Distribution ID 8947172
โคเปนเฮเกน เดนมาร์ก, Oct. 11, 2023 (GLOBE NEWSWIRE) — Arla Foods Ingredients ได้ปรับปรุงโรงงานในเมือง Porteña ในอาร์เจนตินาเพื่
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Arla Foods Ingredients มีสำนักงานใหญ่ในเดนมาร์ก โดยเป็นบริษัทในเครือของ Arla Foods และมีการถือหุ้นโดย Arla Foods 100%
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ติดต่อด้านสื่อ: Tim Brown tim198515@gmail.com
GlobeNewswire Distribution ID 8947317
COPENHAGEN, HOLSTERBO, Denmark, Oct. 11, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP) will, through its CI Advanced Bioenergy Fund I, invest in the expansion of the sustainable bioenergy sector in Holstebro and Struer municipalities by investing in the expansion and upgrade of MEC-Biogas.
MEC-Biogas is one of Denmark’s first large-scale industrial biogas plants that today converts around ~500,000 tons of manure yearly to raw biogas for power and heat production. CIP expects to increase the total yearly capacity of sustainable biomass to ~800,000 tons, and to furthermore develop new business models for the plant, incl. ~30m Nm3 upgraded biogas to be injected into the gas grid and ~40,000 tons biogenic CO2 for the PtX industry.
CIP believes that bioenergy projects must be locally anchored, both in terms of their position in the local community, and also in terms of contributing to the development of the agricultural sector and its routes for future decarbonisation. As a result of the new investment, CIP expects to create growth and additional jobs in the local community with a solid foundation in the local agricultural sector.
”Copenhagen Infrastructure Partners are looking forward to cooperating with existing and new partners in the local community to create a center for Danish bioenergy. We continue to see a large potential in the efficient conversion of sustainable biomass to green gas and green fuels – and we believe that advanced bioenergy is going to play a vital role in the green transition, and especially in the transportation sector. The acquisition and expansion of MEC-biogas with our local partners, Struer Energi and Vestforsyningen, represents an important milestone, and we view it as one of our main projects in the Advanced Bioenergy Fund. We are looking forward to realizing the project, which will significantly contribute to reducing the greenhouse gas emissions and create local jobs,” says Andreas F. Brandt, partner at CIP.
Beyond the already planned investments, CIP is looking at future expansion possibilities for the bioenergy-center, such as 2nd generation bioethanol and pyrolysis projects. This has, from the beginning, been one of the fundamental considerations as part of the investment, which is why CIP is now looking into the possibility of establishing a bioethanol plant in Måbjerg.
Both Struer Energi and Vestforsyningen are happy that CIP is ready to acquire and invest a multimillion amount into developing Maabjerg Energy Centers biogas plant, and especially that CIP views 2nd generation bioethanol and pyrolysis as a future vital part of a sustainable bioenergy center.
”We would have loved to be a part of the expansion of renewable energy in this area, however, the regulations on municipality-owned enterprises would constantly have slowed us down,” says Kjeld Graversgård, the Chair of the board in Struer Energi.
”An expansion of the biogas plant calls for upgrading the biogas to be able to inject it to the gas grid. There is not a legal basis for us, as a municipality owned enterprise, to expand the plant,” adds Pernille Bloch, Chair of the board in Vestforsyningen.
The development of the bioenergy sector facilitates the long-term need for energy security and independence in Denmark, as well as the ambitions to reduce greenhouse gas emissions within the industrial, transportation and agricultural sectors.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) was founded in 2012 and is today one of the largest dedicated fund managers within sustainable greenfield-investments and a global leader within offshore wind. The funds are administered by CIP and focuses on energy infrastructure, including onshore and offshore wind, solar panels, biomass, waste-to-energy, power transmission and distribution, Power-to-X, and advanced bioenergy.
CIP manages 11 funds and has approximately EUR 26bn under management for investments in energy and associated infrastructure, from more than 150 international institutional investors. CIP has approximately 400 employees and 11 offices across the globe. For more information, visit www.cip.com
For more information, contact:
Oliver Routhe Skov, Head of Media Relations
Phone: +45 30541227
Email: orsk@cip.com
Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com
Christian Hagelskjær, CEO, Vestforsyning and Maabjerg Energy Center
Phone: 51 58 73 10
Pernille Bloch, Chair of the board, Vestforsynings and Maabjerg Energy Centers Board of Directors
Phone: 40 24 94 94
Kjeld Graversgård, Chair of the board, Struer Energi’s Board of Directors
Phone: 20 28 45 11
GlobeNewswire Distribution ID 1000843676
SAN FRANCISCO and HONG KONG, Oct. 11, 2023 (GLOBE NEWSWIRE) — Matthews, a privately owned investment management firm with more than 30 years focused on Global Emerging Markets and Asia, announced that Sean Taylor has joined the firm and will be appointed chief investment officer (CIO), effective January 1, 2024, as part of the firm’s long-term succession planning.
A highly experienced CIO and portfolio manager, Mr. Taylor has over 25 years of global experience within the investment management industry. He joins Matthews from DWS Group where he was most recently chief investment officer APAC and head of Emerging Markets. His experience leading investment teams in global and international equities, fixed income, and alternative strategies has earned him a reputation as a highly regarded Emerging Markets portfolio manager. Mr. Taylor has been responsible for investment teams located in the U.S., Europe, Asia Pacific, Latin America and the Middle East, where he has developed deep partnerships with sovereign wealth groups, pension funds and a wide range of institutional clients.
As Matthews’ chief investment officer in 2024, Mr. Taylor will lead the firm’s San Francisco- and Hong Kong-based investment teams and play an important role in continuing to build on Matthews’ active partnerships with institutional and professional clients. He will continue the firm’s focus on investment excellence and a culture of collaboration, openness, curiosity and innovation within the team. Partnering closely with the firm’s senior leadership team, he will also support Matthews’ customized solutions platform that addresses the evolving needs of our clients.
“Sean brings extensive investment leadership to Matthews. In addition to seeking compelling investment performance, he will evolve our investment offering and support our ‘Active Partnership’ approach to clients that goes beyond product manufacturing to provide a holistic long-term investment solution,” said Cooper Abbott, chief executive officer of Matthews. “Having led investment teams globally for over 10 years, Sean has a proven track record as a strong transformational leader. Sean is also a highly experienced portfolio manager across Emerging and Developed Markets. Following other recent senior hires by Matthews, Sean’s appointment further emphasizes our commitment to building a strong entrepreneurial leadership team that deepens our presence in Emerging Markets and Asia Pacific.”
“I am delighted to join Matthews at a time when investors are looking for deeper investment expertise across core asset classes,” said Sean Taylor. “As a recognized leader within Emerging Markets and Asia, Matthews offers a strong, highly differentiated value proposition with an emphasis on developing deep partnerships with clients and delivering long-term outperformance. Given the firm’s expertise and capabilities, I believe it can meet the real need for implementable insights within a changing global context. Matthews has an incredible pedigree and depth of talent and I look forward to helping them achieve their goal of delivering leading investment performance while further enhancing the firm’s investment platform to meet the needs of clients.”
The appointment of Mr. Taylor follows a decision by Robert Horrocks, PhD, chief investment officer and portfolio manager to step back from his current leadership responsibilities. Following a transition period, Robert will step down from his chief investment officer role at the end of 2023 and will remain as a portfolio manager on the Matthews Asian Growth and Income, Matthews Asia Dividend and Matthews Asia ex Japan Total Return Equity Strategies, in addition to working closely with the firm’s global clients.
“Sean is a highly regarded investment leader with an outstanding track record of building disciplined, high-performing investment teams globally,” said Robert Horrocks, PhD, chief investment officer. “He will continue to evolve our investment platform across Emerging and Developed Markets to ensure we remain firmly aligned with the changing needs of our clients. As a passionate investor in Emerging Markets, Sean comes with a proven track record that immediately enhances our value proposition and I look forward to working closely with Sean over the coming months to ensure a seamless and successful transition.”
Matthews provides investors with a broad range of investment solutions across Emerging Markets, Asia and China. These include global, regional, country and thematic strategies available in SMAs, Active ETFs, and mutual funds. The firm also provides customized solutions to clients. These include strategies that have a sustainability focus, as well as solutions for investors wanting to exclude China from their portfolios.
Media Contact in the U.S.:
Dukas Linden PR
Sarah Lazarus/Stephanie Dressler
+617-335-7823/+949-269-2535
sarah@dlpr.com/stephanie@dlpr.
Media Contact in Europe:
Sam Emery
Quill PR
+44 207 466 5056
About Matthews:
Matthews is an independent, privately owned investment manager founded in 1991 on a belief that Global Emerging Markets offer exceptional long-term growth potential. As a trusted and experienced guide, Matthews takes a long-term, active, fundamental investment approach to construct highly differentiated portfolios that focus on Emerging Markets, Asia and China. The firm manages assets on behalf of institutions, advisors and individual investors globally in vehicles that include SMAs, mutual funds and active ETFs. For more information about Matthews, please visit www.matthewsasia.com.
Disclosure
This announcement is for informational purposes only and does not, in any way, constitute investment advice or an offer to sell or a solicitation of an offer to buy any security or product mentioned herein. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation.
Matthews Asia is a brand for Matthews International Capital Management, LLC and its direct and indirect subsidiaries.
GlobeNewswire Distribution ID 8946894
Nusa Dua, Bali (ANTARA) – Indonesian President Joko Widodo (Jokowi) invited participating countries of the Archipelagic and Island States (AIS) Forum to continue to collaborate in responding to various global challenges.ccording to Jokowi, all archipelagic and island countries, whether large or small, developed or developing, are facing challenges, such as rising sea levels, marine resource management, and marine pollution. “If we throw rubbish on land, it does not necessarily mean that the rubbish will move to land in another part of the world. However, if we throw rubbish into the ocean, the rubbish can reach any land in the world,” he stated during the opening of the 1st High-Level Meeting of the AIS Forum here on Wednesday. To this end, Jokowi remarked that collaboration and solidarity between archipelagic and island countries are crucial to creating strategic, concrete, and tactical measures for resolving shared problems. The high-level meeting, which is the first one of its kind to be held since the forum was formed in 2018, is deemed an important opportunity to set the direction of collaboration going forward. In this regard, President Jokowi encouraged to drive advancement in three aspects: solidarity, equality, and inclusivity as principles that must be held together; priority on concrete cooperation that is adjusted to the needs of beneficiary countries; and third, robust and dynamic cooperation framework to respond to challenges going forward.
Source: Antara News Agency
Jayapura, Papua (ANTARA) – Indonesia’s Vice President Ma’ruf Amincalled for an immediate end to the Palestinian and Israeli war and resumption of peace talks to solve the decades of conflict through a two-state solution mechanism.”We are striving to push an immediate end to the war and urge related parties to resume peace talks based on the two-state solution,” he noted on the sidelines of his visit to the Papua governor office on Tuesday. Speaking at a press conference, Amin highlighted the government’s efforts to evacuate 230 Indonesian citizens doing religious tours in Israel when Hamas that runs the Gaza Strip launched a surprise attack on October 7. In this regard, the Indonesian Foreign Ministry has been preparing measures necessary to evacuate Indonesians from the war-affected region, he remarked. The new armed conflict erupted again following the Hamas surprise attack on Israel on Saturday morning. Prior to the Palestinian liberation fighters’ assaults, Israel continued its closure of Gaza crossings. The WAFA news agency reported on September 25 that the Israeli closure of the Gaza crossings had worsened the living conditions of Palestinians in Gaza. ccording to WAFA News Agency, Palestinians had already suffered from the severe impacts of “more than 17 years of tight Israeli land, sea, and air blockades.”
Source: Antara News Agency
Jakarta (ANTARA) PT Tunas Timber Lestari and PT Inocin Abadi, Papua-based Korindo Group subsidiaries and forest concession business license holders, were recently awarded a Sustainable Forest Management certificate each from the Indonesian Forest Certification Cooperation (IFCC). The certificates were handed over in a ceremony Monday (10/09) that involved PT Tunas Timber Lestari and PT Inocin Abadi’s executive director Kim Young Cheol, Korindo’s Plantation Division’s general manager Kim Nam Hong, IFCC’s executive director representative Ragita, and PT Mutuagung Lestari’s director Sumarna. IFCC’s Sustainable Forest Management certificate bases its standards on international frameworks for sustainable forest management (e.g. ITTO and PEFC Council), and incorporates the concept of continuous improvement (Plan, Do, Check, Act). IFCC itself is a non-governmental organization, which promotes and boosts sustainable forest management practices in Indonesia through certification schemes that meet PEFC sustainable forest management benchmarks. Its standards are PEFC-approved. Both PT Tunas Timber Lestari and PT Inocin Abadi went through a lengthy process to obtain certified status, from administrative selection, audits, to certificate release. t the ceremony, Kim said he was proud of their accomplishments. “We still have a long way to go when it comes to creating sustainable forests, but earning this certificate feels like a step forward.” Meanwhile, Ragita appreciated the commitment from both firms to achieving sustainable forest management through IFCC certification. “With these certificates, we expect PT Tunas Timber Lestari dan PT Inocin Abadi to set a good example for and encourage fellow forest operators, as well as help our forests become more sustainable and useful for society,” she said. Certified forest management can also raise Korindo products’ added value and chances to be accepted on the global market. This certification is a vital step in maintaining and enhancing forest management sustainability. With collaboration and shared commitment, we believe our practices will continue to grow and provide long-term benefits for the environment, society, and our companies.
Source: Antara News Agency