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KILDE, a Singaporean private debt investment platform, has raised US$450,000 led by Purple Ventures in pre-seed funding round, supported by Startupbootcamp Dubai.

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SINGAPORE, Feb. 23, 2021 /PRNewswire/ — KILDE was licensed by the Monetary Authority of Singapore lately to raise debt capital for digital lending companies from institutional and accredited investors.

KILDE Team, from left Namrata Goswami, Radek Jezbera, Gustavo Leal, Aleksandra Yurchenko, Oleg Kryukovskiy

Securing a sustainable source of debt funding is a number one challenge for digital lenders. Despite the investment boom in alternatives, digital lending is too opaque and non-transparent for most investors. KILDE lifts the opaque veil offering access to an extensive range of deal-ready private debt investments. For digital lending firms, it provides flexible funding at competitive costs.

“Digital lenders allow underbanked consumers and SMEs to get sustainable loans and build their credit history. Transforming these loans into investable assets provides a unique market opportunity. We are here to streamline this process,” said Radek Jezbera, co-founder of KILDE.

KILDE has already opened credit facilities to 8 digital lenders with the overall credit limit of more than US$30m. It will further expand to include more digital lenders from the SEA, MENA, and Eastern Europe.

Purple Ventures is a European private venture capital fund investing smart seed money into early-stage fintech startups with a proven business model expanding their business globally.

KILDE is also backed by the Startupbootcamp Fintech Dubai. “We are extremely excited about KILDE, as we see the enormous potential that the undisrupted private debt market has to offer. We believe KILDE has the right team to execute and grow to become a central player between investors and lenders, and we look forward to working with them over the coming years,” said Mohamad Sabouneh, Managing Director of Startupbootcamp Fintech Dubai.

Singapore with its progressive regulatory regime and easy access to liquidity is preferred headquarters to many Fintech businesses. Fintech investment in Singapore reached US$346 million in 2020, representing 6.2% of all that was raised in Asia according to Singapore Fintech Report 2021. Dubai, on the other hand, is the leading financial hub in the MENA and South Asia, with DIFC being the largest fintech hub in the MENA region. Exposure to both markets creates outstanding opportunities for KILDE and its clients.

Photo – https://mma.prnewswire.com/media/1441773/KILDE_Team.jpg

 

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Citi Plus® Official Launch Ceremony

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HONG KONG SAR – Media OutReach – 22 February 2021

Photo 1


Mr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong, introduces saving, investment and spending services of Citi Plus® that are designed to suit needs of the younger generation.

Photo 2


Mr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong, and Ms Josephine Lee, Head of Retail Bank at Citibank Hong Kong, unveil Citi Plus® at the official launch ceremony.

Photo 3



Mr Lawrence Lam, Consumer Business Manager (third from left) and Ms Josephine Lee, Head of Retail Bank of Citibank Hong Kong (forth from left), exchange wealth management tips with singer Hins Cheung (fifth from left), Jason Chan (first from left), artist Elva Ni (second from left), and athlete Cecilia Yeung (sixth from left), and talk about how Citi Plus’ features can address clients’ pain points, supporting them to achieve investment goals.

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Voluntary Announcement: IND Approval Received for A Phase III Clinical Trial of OT-101 in the United States

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HONG KONG SAR – Media OutReach – 22 February 2021 – This announcement is made by Ocumension Therapeutics (the “Company“, together with its subsidiaries, the “Group“) on a voluntary basis to keep the shareholders of the Company and potential investors informed of the latest business updates of the Group.

The board of directors of the Company (the “Board“) is pleased to announce that an investigational new drug (“IND“) approval for initiating a multi-regional phase III clinical trial (the “Phase III MRCT“) in the United States for OT-101, a self developed product of the Group, has been received from the United States Food and Drug Administration in February 2021. The Company plans to file IND applications with the regulatory authorities in both China and Europe Union in 2021 and initiate the Phase III MRCT of OT-101 in these regions accordingly.

OT-101 is a low-concentration atropine 0.01% eye drop developed by the Group to retard, or slow down, the progression of myopia in children and adolescents. The instability of low-concentration atropine solutions has long been a technical barrier for its commercialization. The Group developed a storage and delivery system to address low-concentration atropine solution’s instability, and also conducted several rounds of tests on the system’s reliability, closure integrity and sterility conditions.

Cautionary Statement required by Rule 18A.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited: The Company cannot guarantee that it will ultimately commercialize OT-101 successfully. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board of

Ocumension Therapeutics

Dr. Lian Yong CHEN

Chairman and Executive Director

As of the date of this announcement, the Board comprises Dr. Lian Yong CHEN, Mr. Ye LIU, Dr. Zhaopeng HU and Dr. Wei LI as executive directors, Mr. Yanling CAO and Mr. Lefei SUN as non-executive directors, and Mr. Ting Yuk Anthony WU, Mr. Lianming HE, and Mr. Yiran HUANG as independent non-executive directors.


Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Media OutReach Expands into China with Strategic Partnership with Xinhua Finance Agency

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The newswire continues growing its foothold in Asia by opening its 7th office in the region

 

HONG KONG SAR – Media OutReach – 22 February 2021 – Media OutReach , the first global newswire founded in Hong Kong in 2009, today announces its business expansion into China. The partnership with Xinhua Finance Agency (XFA) is a strategic one as XFA has a thorough understanding of local client needs from working closely with the business community in the country.

XFA has a close partnership with Xinhua News Agency and is a member of the Belt and Road Economic Information Partnership (BREIP). The BREIP was initiated by Xinhua News Agency and co-founded by more than 30 news and information service agencies in countries along the Belt and Road (B&R) routes, with the aim to promote communication and cooperation among the B&R countries through information services. As a member of BREIP, XFA has an extensive connection to the news and information industry and is well positioned to provide comprehensive press release distribution across China in its alliance with Media OutReach.

“It is our great pleasure to represent Media OutReach in China. Combining XFA’s market knowledge and Media OutReach’s worldwide media network is a harbinger of success. We are confident this new venture will bring about a higher level of professional service to the news distribution industry in China with increased cost efficiency. We look forward to a fruitful cooperation with Media OutReach,” said Mr. Nick Ng, president of XFA.

This partnership is further strengthened with XFA’s commitment to act as Media OutReach’s content partner in China and across the B&R countries. All news releases distributed by Media OutReach will be posted on all news sites of XFA comprising three different languages, ensuring high visibility among business communities.

“For some clients, our service has brought business partnerships and investment opportunities for them when a story by the media based on the news they received through our press release distribution service built investors’ confidence in fund raising activities by the clients,” explains Ms Jennifer Kok, founder and CEO of Media OutReach.

Media OutReach brings PR professionals, journalists, and editors in China closer together to foster an all-inclusive system of information distribution. This helps PR professionals build media relations with journalists and editors in their target regions.

“We have a vast database of media contacts where we deliver clients’ news directly to the email inbox of journalists and editors across unlimited news categories to help optimise news write ups and support them in building relations with the media in their target countries. Our distribution will connect communication professionals in China directly to the media in Asia Pacific, USA, UK, and other strategic regions and vice-versa, adds Ms Kok.

Media OutReach is also the first newswire in the industry that offers guaranteed online news postings on established media by language depending on the country the news is distributed to. For each distribution in China, the newswire provides close to 300 online news postings that includes key news sites such as Netease (网易网) ,Sohu (搜狐网), Sina China (新浪看点), Tencent (腾讯企鹅号),TouTiao (今日头条), iFeng (凤凰网), Zhong Guo Wang (中国网), Xueqiu (雪球), EastMoney (东方财富), Xinhua Finance (新华财金社), Xinhua Business (新华商讯), China Finance (中华财经), The Xinhua (新华在线) and many others.

“To support our clients in China, we have translated all our post-news release distribution reports from English to Simplified Chinese to demonstrate our commitment to the China market and local clients. With this service enhancement, we will be the only global newswire that offers post release report in Simplified Chinese,” emphasises Ms Kok.

Media OutReach’s proprietary post news release reports with ‘Media and Journalist Insights’ provides PR professionals with information on how many editors and journalists have accessed their press release by publication and by country for Asia Pacific, USA, and UK. This information is especially important for Chinese companies looking to make an impact on the international stage. These insights demonstrate how much media attention their press releases have garnered and set the foundation for building their relations with the journalists and editors from the country they have been building their communication program.

About Media OutReach

Media OutReach Newswire was founded in Hong Kong in 2009. Media OutReach is a technology company that distributes multimedia, multilingual press releases directly to targeted editors and journalists, and automate the reporting process. The company’s news release service supports the public relations, social marketing and digital agencies and introduces groundbreaking refinements to their distribution service by offering guaranteed online news postings on authentic news media.

From Hong Kong, the company has expanded across the region and internationally with offices in Singapore, Malaysia, Vietnam, Japan, and Taiwan, as well as international reseller partnerships in the USA, Canada, and Europe. Today, Media OutReach has grown to be the first global newswire founded in the Asia Pacific region and the only one with its own distribution network in 24 countries across Asia Pacific region, possessing a database of more than 130,000 journalists and 460 media partnerships to provide authentic, guaranteed news postings online and pioneering post release reports with insights and measurements.

For more information on Media OutReach, please visit https://www.media-outreach.com/.

About Xinhua Finance Agency

Xinhua Finance Agency (XFA) devotes itself to providing global financial institutions with news, materials and information concerning China’s business world, and aims to become a Fintech company bridging China and overseas countries. Main businesses of XFA include news and data, enterprise public relations service, forum & investment promotion conference, and enterprise cross border investment consultation service.

XFA is the gateway for the global community to gain true access to the heart of China’s business world. XFA empowers global investors with information to help them succeed in today’s China business world.

For more information on Xinhua Finance, please visit: http://en.xfafinance.com/html/About/background.html

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