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DIT Group grew rapidly in 2020 with 72% increase in sales volume

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Speeding Up Business Expansion Nationwide by Signing Several Strategic Cooperation Agreements and Collaborating with CCRE Group

 

HONG KONG SAR – Media OutReach – 6 January 2021 – DIT Group Limited (“DIT” or the “Company” which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 726), an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction in the People’s Republic of China (“PRC”), grew rapidly in 2020 in terms of operating results: its full-year production volume increased by 66% and sales volume rose by 72%. The rapid growth in the Group’s business scale was mainly attributable to strong market demand driven by Chinese government’s policies on fostering the country’s prefabricated construction industry. The growth was also due to the Group’s successful establishment of five green construction industrial parks during the year, including those in Dengfeng City, Zhumadian City, Luoyang City and Tongxu County in Henan Province, and Ding’an County in Hainan Province, and the completion and the launch of six green construction industrial parks in Zhoukou City and Tongxu County in Henan Province, Jiaozhou City in Shandong Province, Huai’an City and Nantong City in Jiangsu Province and Yuxi City in Yunnan Province.

 

The Group signed strategic cooperation agreements with a number of renowned enterprises in 2020, including JD.com Group, Jinke Property Group, Sunriver Holdings Group and Jujiang Construction Group, etc. The collaborations with the well-established companies have resulted in synergies which allow DIT Group to further expand its business and build up its business presence nationwide. This has also enhanced the Group’s capabilities of running businesses across the whole value chain of prefabricated construction and provided a stable source of orders for this year.

 

In July 2020, Mr. Wu Po Sum, the controlling shareholder of the Group, increased his shareholding in the Company for a consideration of approximately HK$303 million; in December 2020, Mr. Liu Weixing, the chairman of the board of directors and executive director of the Group, and Mr. Guo Weiqiang, the chief executive officer and executive director of the Group, increased their shareholdings in the Company for a total consideration of over HK$1.6 million. These moves reflected the confidence of the major shareholder and senior management in the prospects of the Group’s future development and its enterprise value. In addition, the Group adopted a stock option scheme in July 2020, under which a total of approximately 202 million stock options were granted to senior executives. This arrangement will bind together the interests of the employees and those of the Company and its shareholders tightly as it motivates the grantees to be more proactive at work, and can effectively retain and motivate the key talents, thereby promoting the long-term, steady development of DIT Group.

DIT Group is committed to becoming a leading solution provider for smart buildings. In 2020, the Group announced its new “Intelligent Construction of Home” strategy, which aims at creating an innovative model of running businesses in the whole value chain of prefabricated industry with synergy. The Group devotes itself to technological innovation along the whole value chain in such businesses as construction of smart residential buildings and promoting the development of the prefabricated construction industry. Meanwhile, the Group plans to set up a new business model for the whole value chain of the industry by developing a “turnkey” business model that encompasses design, intelligent prefabricated construction, landscaping service and interior decoration in the entire life cycle of a prefabricated construction project.

 

DIT Group’s chief executive officer and executive director Guo Weiqiang said, “DIT Group has been forging ahead with its business development and growing rapidly since it joined the family of the CCRE Group. It has been producing encouraging results. The Group will draw on the technological advantage afforded by the operation of businesses that span the whole value chain of prefabricated construction and will continue to collaborate with the CCRE Group to build its footholds across China more quickly. It will also actively develop new projects to explore the blue ocean in the market for prefabricated construction. Now that the state has adopted a policy on fostering the prefabricated construction industry, the Group is confident about its prospect and plans to expand its share of China’s market rapidly in three to five years. It will also commit itself to enabling consumers to enjoy a safer, comfortable life at smart residential buildings and contributing to China’s new type of urbanization and the modernization of the country’s construction industry.”

About DIT Group Limited

Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry.

 

The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees. 

 

By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.

 

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Black Knight's First Look: Mortgage Delinquency Rate Falls Below 6% for First Time in Nearly a Year, Yet 2.1M Homeowners Remain Seriously Delinquent

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JACKSONVILLE, Fla., Feb. 24, 2021 /PRNewswire/ — Black Knight, Inc. (NYSE: BKI) reports the following “first look” at January 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 5.85%
Month-over-month change: -3.82%
Year-over-year change: 81.84%

Total U.S. foreclosure pre-sale inventory rate: 0.32%
Month-over-month change: -3.92%
Year-over-year change: -30.89%

Total U.S. foreclosure starts: 5,900
Month-over-month change: -16.90%
Year-over-year change: -86.21%

Monthly prepayment rate (SMM): 2.63%
Month-over-month change: -16.54%
Year-over-year change: 109.12%

Foreclosure sales as % of 90+: 0.08%
Month-over-month change: 18.84%
Year-over-year change: -95.43%

Number of properties that are 30 or more days past due, but not in foreclosure: 3,130,000
Month-over-month change: -121,000
Year-over-year change: 1,425,000

Number of properties that are 90 or more days past due, but not in foreclosure: 2,090,000
Month-over-month change: -56,000
Year-over-year change: 1,671,000

Number of properties in foreclosure pre-sale inventory: 171,000
Month-over-month change: -7,000
Year-over-year change: -75,000

Number of properties that are 30 or more days past due or in foreclosure: 3,301,000
Month-over-month change: -128,000
Year-over-year change: 1,350,000

Top 5 States by Non-Current* Percentage

Mississippi:                        10.32%

Louisiana:                           9.90%

Hawaii:                                8.99%

New York:                            7.93%

Oklahoma:                            7.89%                                                   

Bottom 5 States by Non-Current* Percentage

Oregon:                               4.03%

Utah:                                    3.83%

Colorado:                             3.75%

Washington:                         3.71%

Idaho:                                   3.18%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi:                          6.22%

Louisiana:                            6.20%

Hawaii:                                 5.81%

Nevada:                               5.51%

Maryland:                             5.12%                                                                                   

Top 5 States by 6-Month Improvement in Non-Current* Percentage

Utah:                                   -24.07%

New Jersey:                       -22.94%

Colorado:                            -21.05%

Florida:                               -21.00%

Alaska:                                -20.81%                                                                               

Top 5 States by 6-Month Deterioration in Non-Current* Percentage

Oklahoma:                          -2.03%

Arkansas:                            -2.08%

Iowa:                                   -3.05%

West Virginia:                     -3.77%

Nebraska:                           -4.98%                                                                                                       

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:

1)   Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

2)   All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.

For a more detailed view of this month's “first look” data, please visit the Black Knight newsroom.

The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at https://www.blackknightinc.com/data-reports/ by Mar. 8, 2021.

For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected].

About Black Knight

Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

For more information:

Michelle Kersch                                                                                              
904.854.5043                                                                                             
[email protected]                                                                         

Mitch Cohen 
704.890.8158
[email protected]

 

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SOURCE Black Knight, Inc.

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Bestow Lowers Pricing and Enhances Term Life Insurance Product Design to Serve More Customers

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DALLAS, Feb. 24, 2021 /PRNewswire/ — Bestow, the first full-stack life insurance platform, today announced product enhancements to reach and better serve the modern life insurance customer. The improvements include lower premium rates, larger coverage amounts, additional term length options, and expanded age eligibility.

Some Bestow applicants will receive premium rates reduced by as much as 40%, with pricing improved by at least 5% for most new customers. Additionally, policies offered through Bestow are now available in 10, 15, 20, 25 and 30-year term lengths, and the maximum coverage amount is now $1.5 million. The eligibility age has also been expanded to serve individuals ages 18 to 60.

“By developing the first entirely digital life insurance platform, we have scaled efficiencies while improving underwriting accuracy, which enables us to improve our already exceptional offerings,” said Melbourne O'Banion, Co-Founder and CEO of Bestow. “With these latest enhancements, we can help more families secure affordable life insurance protection that fits their specific needs.”

With Bestow, customers can apply online for life insurance in as little as 5 minutes and, if approved, start coverage immediately. A medical exam is never required. According to The Policygenius Life insurance Price Index, the average monthly price for a 20-year, $1 million term life insurance policy for a non-smoking, 35-year-old woman with a preferred health classification is $44.32 per month. With the latest premium improvement, that same policy purchased through Bestow would cost only $33.50 per month — providing industry-leading rates paired with a seamless, entirely digital buying experience.

To learn more about Bestow or to offer term life insurance to your customers, visit Bestow.com.

About Bestow
Bestow is the first full-stack life insurance platform, using technology to make coverage accessible to millions of underserved families. With Bestow, buying life insurance is 100% digital  — No doctors. No needles. Just coverage. As an omnichannel life insurance platform, Bestow powers best-in-class products and experiences for leading consumer brands. To learn more or to offer Bestow to your customers, visit Bestow.com.

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SOURCE Bestow Inc.

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Marcus Lemonis Partners With Zero Point Zero, A Leading Production Company In Film And Television

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CHICAGO, Feb. 24, 2021 /PRNewswire/ — Marcus Lemonis, investor, businessman and longtime host of The Profit on CNBC has made a significant investment in award-winning Zero Point Zero Production (ZPZ), founded by producers Lydia Tenaglia and Chris Collins.

Zero Point Zero's award-winning portfolio includes over 50 Primetime Emmy nominations and 15 wins, 33 Daytime Emmy Nominations and 14 wins, 12 James Beard Awards Nominations and 6 wins, a TCA and Peabody award, among many others.

Notably known for its award winning content spanning across film, documentaries, television and branded corporate work, ZPZ will expand their portfolio of non-fiction releases that will include shows focusing on Lifestyle (home, food, travel and fashion), Business (corporate branded work, custom corporate content, entrepreneurship, investing, personal finance and wealth management) and a 360 degree approach around Sports and the business of sports. Additionally, it will leverage its existing infrastructure by providing a creative environment for smaller and underexposed production entities who could benefit from such synergies.

“The ZPZ team, led by Lydia and Chris, are some of the most creative, thoughtful and forward thinking people I have worked with. They create content that makes people think about the importance of humanity,” said Marcus Lemonis. “They are masterful storytellers, and their work embodies integrity and creative excellence.”

“We had a wonderful opportunity to work with Marcus on our new critically acclaimed series, Streets of Dreams, last year,” Tenaglia stated. “We began discussing the prospect of a deeper partnership that would leverage our respective expertise. Marcus's business acumen and creative sense for content coupled with our production expertise is a powerful combination. And Marcus holds in high regard ZPZ's core mission: to empower visionaries, inspire action, and connect humanity.”

As part of its accelerated growth strategy, Lemonis, Tenaglia and Collins named long time Industry Executive, James Bolosh as President and Partner.

“James provides the historical expertise, the foresight and the work ethic to make us collectively better. He will help us streamline our efforts and focus on the future,” Tenaglia and Collins said.

Lemonis will serve as the company's Chairman. Lance Klein at WME will serve as the representative and agency of record on the Lemonis/Tenaglia/Collins partnership.

ABOUT MARCUS LEMONIS: 
Marcus Lemonis was born in war-torn Beirut, Lebanon in 1973; and, at nine months old, was adopted by a couple living in Miami, Florida. Marcus has long served as the Chairperson at Camping World and Gander RV & Outdoors. With his efforts, it is now America's #1 source for RVs, camping accessories, RV maintenance and repair. When he's not running his multibillion-dollar company, Marcus is focusing on his other passion by helping struggling businesses get back on their feet. He shows this process on his hit TV show, CNBC's The Profit, a past nominee for the 2018 Critic's Choice Award for Best Structured Reality Series.  Although he was not born in America, he is proud to be living the American Dream through hard work, determination and believing. With multiple ventures on his resume, Marcus can be seen sharing his knowledge through numerous business and entertainment television programs and speaking engagements. During the Covid-19 pandemic, Marcus launched The Business Learning Center, a free of charge, educational tool on his website aimed to help entrepreneurs succeed during challenging times. He simultaneously dedicated $50M towards the launch of The Lemon-Aid Foundation, his charitable mission of supporting and investing in underserved communities and small businesses. www.marcuslemonis.com

ABOUT ZERO POINT ZERO:
Zero Point Zero is a television, film, print and digital content company founded in 2003 by Executive Producers Chris Collins and Lydia Tenaglia.Since its inception, the company has produced hundreds of hours of documentary content in over 100 countries around the world, including the critically acclaimed, Emmy & Peabody Award winning series Anthony Bourdain: Parts Unknown, and United Shades of America with Kamau Bell (CNN); the Emmy Award winning The Mind of a Chef (PBS); Streets of Dreams with Marcus Lemonis (CNBC); as well as the Emmy nominated series: My Next Guest with David Letterman, and Somebody Feed Phil (Netflix). Feature documentary credits include: Jeremiah Tower The Last Magnificent (dist. by The Orchard); Wasted! The Story of Food Waste (dist by Neon SuperLTD); Stars in the Sky A Hunting Story (dist by Netflix); Fermented (Dist by Giant), and Fries! The Movie (dist by Peacock).

Marcus Lemonis Contact:
Andrea Vividor[email protected]

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SOURCE Marcus Lemonis

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