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Arabian Post Staff -Dubai ADNEC Group delivered AED9.2 billion in economic impact in 2025, marking its strongest annual performance and strengthening Abu Dhabi’s position as a regional centre for exhibitions, conferences, hospitality and business tourism. The figure represented an 8 per cent rise from AED8.5 billion in 2024, supported by higher event activity, stronger visitor flows and deeper integration across venues, events, services, catering, tourism and media. […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 July 2026 – AEON Bank (M) Berhad, Malaysia’s first digital Islamic bank, has expanded its business banking financing facilities with the introduction of Term Financing-i and Working Capital Financing-i, anchored by its Business Banking vertical, AEON Bank Biz.

Introducing the Term Financing-i and Working Capital Financing-i by AEON Bank Biz
Introducing the Term Financing-i and Working Capital Financing-i by AEON Bank Biz

Designed to provide timely and flexible capital, these two business financing facilities were developed to enable Shariah-compliant businesses in navigating shifting market demands. Both products are aligned with the Shariah finance principle of Murabahah via Tawarruq concept, delivering transparent, ethical banking solutions to the Malaysian market.

Term Financing-i: Business Growth and Strategic Expansion

Engineered to fund medium to long term growth projects, asset purchases and infrastructure expansion while maintaining a healthy cash flow. AEON Bank Biz’s Term Financing-i offers this flexibility:

  • Zero collateral required
  • No hidden charges on financing application or utilisation
  • Flexible repayment tenure of up to 60 months
  • Approved fund disbursed directly into customer’s AEON Bank Biz Business Current Account-i

*Terms and conditions apply

Working Capital Financing-i: Empowering Business with Liquidity Agility

This financing facility provides a flexible credit line for short term cash flow needs, designed to bridge operational budget gaps and manage financial cycles. With AEON Bank Biz’s Working Capital Financing-i, customers can gain access to the following:

  • High value liquidity and multiple disbursement options, within approved financing facility limit up to 3-year tenure
  • Flexibility to pay your principal and refresh approved limit, without the hassle of repeated financing applications
  • Up to 12-months disbursement period
  • Disbursement managed fully online, deposited straight into customer’s AEON Bank Biz Business Current Account-i

*Terms and conditions apply

A Dynamic Business Banking Experience

Beyond credit line disbursement, AEON Bank Biz serves as a holistic 360-degree, Shariah compliant banking partner for business owners across Malaysia. It enables businesses to manage assets, liabilities, operational financial needs and merchant operations, through a simplified banking process.

At the core of it all is the Business Current Account-i with a dynamic business banking functionality to support businesses to thrive :

  • Integrated cash management capabilities for payments and collections: Seamless processing for DuitNow and RENTAS, as well as instant settlement and notification for DuitNow QR
  • Smart cash management: Maximize idle capital yield via Biz Term Deposit-i, offering competitive profit optimization rates up to 3.20% p.a. on customizable tenures as short as 1 day, with an entry baseline of just RM500
  • Governance controls: Multi-user level access authorizations and structured approval workflows engineered to mirror corporate governance standards safely

*Terms and conditions apply

Empowering Businesses to Scale Sustainably

This latest rollout by a digital bank in Malaysia aligns directly with the national goal to supercharge SME contributions to the domestic Gross Domestic Product (GDP) up to 50% by 2030. In order to achieve that, access to financing, including digital banking solutions remains a key enabler for business growth. In fact, this is where banking institutions and fintech catalysts such as AEON Bank play an important role in achieving that target.

Click on the links to find out more about AEON Bank Biz and discover a #BetterBusinessBanking experience to scale your growth.
Hashtag: #AEONBank #digitalbank #islamicbank #digitalislamicbank #AEONBankBiz #BusinessBanking #TermFinancing #WorkingCapitalFinancing




The issuer is solely responsible for the content of this announcement.

ABOUT AEON BANK (M) BERHAD

AEON Bank (M) Berhad is Malaysia’s first digital Islamic bank, licensed and regulated by Bank Negara Malaysia and the Ministry of Finance. Officially launched on 26 May 2024, we currently offer a suite of Shariah-compliant products and services for the Personal Banking and Business Banking (AEON Bank Biz) customers.

Our Personal Banking offerings are 100% accessible online via the AEON Bank app, where customers can activate and access the deposit Savings Account-i, AEON Bank x Visa Debit Card-i, Personal Financing-i, Term Deposit-i, Savings Pot, DuitNow QR, Zakat, Takaful, JomPay, utility bill payments, as well as a range of digital payment services with strategic partners and merchants. Moreover, AEON Bank has developed the Neko Missions, Malaysia’s first gamified digital banking interactive rewards programme and ‘Neko Sensei’, the AI-powered personal financial coach.

On 8 August 2025, AEON Bank (M) Berhad officially introduced AEON Bank Biz with the integrated cash management capabilities anchored by the Business Current Account-i, alongside Biz Term Deposit-i, Biz QR, Term Financing-i and Working Capital Financing-i. AEON Bank Biz focuses on streamlined processes for account onboarding, credit assessments and financial services, utilising AI-driven fintech solutions to enable simplified procedures, faster approvals, and an enhanced digital banking experience for businesses in Malaysia.

For eligible deposit-based products under AEON Bank and AEON Bank Biz, such as the Savings Account-i, Savings Pot, Term Deposit-i, Business Current Account-i and Biz Term Deposit-i, the deposits are protected up to RM250,000 per depositor. AEON Bank is a member of Perbadanan Insurans Deposit Malaysia (PIDM) and the deposit protection is automatic and free.

Being part of the AEON Group conglomerate, AEON Bank (M) Berhad is equally held by AEON Financial Service Co. Ltd. (AFS Japan) and AEON Credit Service (M) Berhad (ACSM). AFS Japan is responsible for the AEON Group’s financial services businesses, with strong roots in the retail sector which operates in Japan and 10 countries across Asia. AEON Group is Japan’s largest retail group and it is a pure holding company that comprises eight core businesses.

AEON Group Malaysia consists of several entities, namely, AEON Co. (M) Bhd, AEON Credit Service (M) Berhad, AEON Bank (M) Berhad, AEON BiG (M) Sdn Bhd, AEON Fantasy (M) Sdn Bhd, AEON Delight (M) Sdn Bhd, AEON Global Supply Chain Sdn Bhd and Malaysian AEON Foundation (MAF). AEON Group has been a recognisable household brand with more than 200 years of history and evolution in Japan since the Edo era, along with 4 decades of growth in Malaysia, providing consumers with daily financial solutions and diversified retail convenience.

Our cloud native agility and AI optimisation, combined with the strength of our Shariah finance DNA, Malaysian tenacity and Japanese roots are our distinguishing factors, while the integration across the AEON ecosystem gives us a competitive advantage of being the only bank in Malaysia with its own nationwide retail network. On top of that, AEON Points loyalty programme offers customers value-added benefits and meaningful rewards for their online shopping and in-store purchases.

AEON Bank (M) Berhad is committed to empowering the community in pursuing their financial aspirations and achieve economic independence, while cultivating a more inclusive financial future for all. We will continue to contribute towards positioning Malaysia as the Islamic banking hub in the region and fostering the growth of the nation’s digital economy.

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Famous for its signature crispy fried duck, the fast-growing Indonesian food brand proves that high-quality, affordable dining is a winning formula.

SINGAPORE – Media OutReach Newswire – 6 July 2026 – Bebek Goreng Pak Ndut, the rapidly expanding restaurant brand famous for its signature crispy fried duck and authentic Indonesian-style cuisine, today announced the upcoming grand opening of its fourth Singapore outlet at Sengkang Grand Mall, officially opening its doors on Saturday, July 11, 2026. This launch represents a key milestone in the brand’s aggressive regional growth strategy, which currently includes two successful high-volume locations in Malaysia and an upcoming market entry into Bangkok.

Bebek Goreng Pak Ndut Opens 4th Singapore Outlet Amid Aggressive Regional Push

​Built on a fast-turnover, highly accessible dining model, Bebek Goreng Pak Ndut is proving that affordable, everyday meals do not have to compromise on taste or quality. The brand focuses purely on operational efficiency and delivering exceptional value to the masses, making its famous fried duck and authentic Indonesian flavors accessible to everyone without the premium price tag.

​”Our mission is simple: serve uncompromisingly authentic, high-quality food at a price that keeps customers coming back multiple times a week,” said Joni Anson, Founder of Bebek Goreng Pak Ndut. “With this new Sengkang location, our thriving outlets in Malaysia, and our upcoming expansion into Bangkok, we are showing that a great dining experience should be affordable, fast, and consistently delicious.”

​To celebrate the grand opening with the Sengkang community, the new outlet will be offering an exclusive 23% storewide discount throughout the weekend of July 11 and 12, 2026.

​For more information, to view the menu, or to find the nearest location, please visit www.bebekgorengpakndut.com.sg or follow the brand on Instagram and TikTok at @bebekgorengpakndut_sg.
Hashtag: #BebekGorengPakNdut

The issuer is solely responsible for the content of this announcement.

About Bebek Goreng Pak Ndut

Bebek Goreng Pak Ndut is a regional multi-outlet restaurant brand specializing in authentic, affordable Indonesian-style cuisine. Operating a high-efficiency central kitchen and multiple fast-casual outlets across Singapore and Malaysia, the brand is dedicated to delivering consistent, high-quality meals at accessible price points.

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Singapore has set out a two-decade plan to reshape Sentosa and neighbouring Brani into a larger leisure and lifestyle district, with new attractions, hotels, beaches, transport links and coastal protection works expected to open in phases from the early 2030s.

The Greater Sentosa Master Plan brings the 120-hectare Brani under Sentosa’s development framework, creating a larger tourism precinct at a time when Singapore is refreshing its visitor economy and preparing for stronger regional competition in leisure, hospitality and events. The project is being positioned as the biggest transformation of Sentosa since the island was developed as a resort destination more than five decades ago.

Sentosa drew more than 16 million visitors between April 2024 and March 2025. Once the master plan is fully delivered, the enlarged precinct is projected to attract about twice that number. The long development period reflects the scale of infrastructure works, the planned relocation of port operations from Brani to Tuas by 2027, and the need to combine commercial expansion with coastal and ecological safeguards.

A major element of the plan is Brani West, which has been earmarked as one of the largest future sites for attractions development. Authorities are engaging potential partners and concept owners, though details on investors, operators and the cost of the project have not been disclosed. The lack of a public investment figure leaves open questions on funding, phasing and commercial returns, particularly as large tourism projects face higher construction costs, labour constraints and changing traveller preferences.

The plan also includes new landmarks on Sentosa itself. Imbiah Canopy is proposed as a vantage point on Mount Imbiah, with food and beverage outlets, retail space, event areas and links to nature-based activities. A sheltered elevated forest canopy route, Imbiah Lookout Walk, is expected to connect Sensoryscape with Imbiah Lookout and nearby walking trails. Later phases are intended to expand nature and heritage routes, with the possibility of linking Sentosa’s green areas to the Southern Ridges on the mainland.

Along Siloso Beach, a new venue called Sensorium is being planned as a lifestyle and indoor attraction hub capable of hosting events and festival activity. The broader beach redevelopment will cover Siloso, Palawan and Tanjong, where coastal protection works will be paired with new leisure uses. Concepts under study include beach clubs, coastal activities, treetop dining, and a floating boardwalk linking small islets along Sentosa’s 3km beachfront.

Transport is another central feature. The proposed Island Heart Transport Hub will serve as a new arrival point connecting Sentosa and Brani, while a new people-mover system is expected to replace the Sentosa Express monorail. The new system is intended to increase capacity and provide smoother movement from the mainland through Brani and across Sentosa. Water taxis and additional waterfront links are also being examined, while the Singapore Cable Car will continue to form part of the wider mobility network.

The transformation is tied to wider planning along Singapore’s southern waterfront, a 30km belt stretching from Gardens by the Bay East to Pasir Panjang. That corridor is expected to include new residential, commercial, recreational and entertainment spaces as port activities shift westwards. Greater Sentosa is also being developed as Singapore prepares for Changi Airport Terminal 5, due around the mid-2030s, which will add about 50 million passengers a year in its first phase to the airport’s current capacity of 90 million.

The tourism strategy goes beyond building new attractions. Singapore is seeking to broaden its appeal from stopover travel and convention traffic to experience-led visits, family tourism, events, coastal leisure and premium lifestyle spending. Resorts World Sentosa is also expanding its offer, with a Waterfront Lifestyle Development scheduled for completion in 2030 and Super Nintendo World planned for Universal Studios Singapore. These additions are expected to support a shift from single-attraction visits towards longer, multi-part itineraries across the island.

Sustainability has been built into the planning narrative, reflecting the vulnerability of a low-lying city-state to sea-level rise and coastal erosion. Sentosa has about 16km of coastline, making protection works a practical requirement rather than an optional enhancement. The master plan includes ecological connectivity, shaded routes, greenery, thermal comfort measures and coastal resilience features. Sensoryscape, a 350m connector linking Resorts World Sentosa to the beaches, is being used as an early example of infrastructure that combines visitor flow, planting, accessibility and digital experiences.

Adani Enterprises has expanded its qualified institutional placement to ₹150 billion after demand from large investors exceeded the original ₹100 billion target, giving Gautam Adani’s flagship company a sizeable pool of equity capital for its next phase of infrastructure and industrial expansion.

The share sale, opened to institutional investors this week, drew bids of about ₹380 billion, or roughly 3.8 times the base offer. The indicative price was set at ₹2,883 a share, below the regulatory floor price of ₹3,034.68 and at a discount to the stock’s previous close, reflecting the typical pricing structure used to secure large-block institutional participation.

The enlarged issue marks one of Adani Enterprises’ biggest equity-raising exercises since the group was hit by a market rout in 2023 following allegations by US short-seller Hindenburg Research. The conglomerate denied wrongdoing, and group companies have since rebuilt access to capital through a mix of equity, debt, asset recycling and strategic partnerships.

The strong response to the placement signals that institutional investors are again willing to back the group’s growth strategy, even as they continue to price in governance, leverage and execution risks. The investor book included global funds and domestic asset managers, with demand high enough for the company to lift the deal size by 50 per cent.

Adani Enterprises is the incubator of the group’s newer businesses. Its portfolio spans airports, roads, data centres, green hydrogen, mining services, defence, solar manufacturing and other infrastructure-linked ventures. The company has been central to the group’s plan to build large operating platforms before eventually listing or separating mature units.

The latest fundraising comes as the group accelerates capital spending across transport, energy transition and materials. Its airports business operates eight airports and is preparing for the opening of Navi Mumbai International Airport, a project expected to strengthen the group’s presence in aviation infrastructure. Data centres and green hydrogen remain capital-intensive bets that require long gestation funding and steady access to institutional capital.

The timing also follows Adani Enterprises’ rights issue of about ₹250 billion completed in late 2025, which was oversubscribed. That offer was used to support capital expenditure, debt repayment and shareholder loan obligations. The new placement gives the company additional flexibility at a time when infrastructure companies are competing for long-duration capital amid rising demand for logistics, power, digital infrastructure and manufacturing capacity.

The share sale is also significant because it reduces reliance on borrowings for the next leg of expansion. Equity funding can ease pressure on balance sheets and improve investor perception of leverage, particularly for companies pursuing several projects at once. At the same time, the discounted pricing means some dilution for existing shareholders, a common trade-off in large institutional placements.

Market reaction was measured. Adani Enterprises shares initially faced pressure after pricing details emerged but later stabilised, suggesting investors had largely anticipated a discount. The stock has recovered substantially from its 2023 lows, though it remains closely watched because of the group’s debt profile, promoter holdings and regulatory scrutiny around past allegations.

The company’s investment cycle has broadened further with plans linked to a major aluminium project in Odisha in partnership with Abu Dhabi’s International Holding Company. The proposed project, valued at about $11.5 billion, is expected to include bauxite mining, alumina refining, aluminium smelting and downstream capacity. The partnership underscores the group’s continuing effort to deepen industrial manufacturing alongside infrastructure.

IHC has been a notable backer of the group through periods of market volatility. Its involvement provides strategic weight to Adani’s expansion into metals, a sector that requires heavy upfront investment, access to raw materials, power security and strong execution discipline. Aluminium demand is being driven by transport, packaging, power transmission, construction and renewable energy infrastructure.

Adani Enterprises’ fundraising also fits a broader trend across the equity market, where companies have used qualified institutional placements to raise growth capital while valuations remain supportive. QIPs allow listed companies to place shares with large investors without the longer timelines associated with some other public offerings. For issuers, the format is faster; for institutions, it provides access to sizeable allocations in liquid companies.

Abu Dhabi Investment Authority has joined a large group of cornerstone investors in Luxshare Precision Industry’s Hong Kong share sale, giving the Apple supplier stronger institutional backing as it seeks to raise up to $3.1 billion in what could become the city’s biggest listing of 2026. The Shenzhen-listed manufacturer is offering 383.5 million H-shares at a maximum price of HK$63.28 each, with trading expected to begin on […]

Arabian Post Staff -Dubai The UAE’s non-oil private sector came close to stalling in June as the impact of the Iran conflict, softer tourism activity and cost pressures hit client demand, leaving firms with the weakest improvement in business conditions since February 2021. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 50.8 in June from 52.6 in May, staying only slightly above the 50 […]

Boosting Southeast Asia Strategy

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 July 2026 – Recently, XTransfer, the world’s leading B2B cross-border trade payment platform, officially inaugurated its new office in Malaysia. This marks XTransfer’s continued investment in localised operations across Southeast Asia and lays a solid foundation for further strengthening its regional trade finance services.

XTransfer Unveils New Malaysia Office
XTransfer Unveils New Malaysia Office

Leaders and partners from several major local Malaysian banks and financial institutions attended the event to witness this important milestone. The opening ceremony began with a lively lion dance performance, followed by a ribbon-cutting session led by distinguished guests in a festive atmosphere. Ribbon-cutting guests included Ms Winnie Wong, Director of Financial Institutions Group at Maybank; Ms Sylvia Wong, Regional Head at CIMB; Ms Daphne Yoo, Director at OCBC; along with representatives from various institutions and associations, and the head of XTransfer’s Malaysia team.

Guests warmly congratulated XTransfer on the opening of its new office and expressed their expectation that XTransfer will continue to support the development of local trade by providing Malaysian SMEs with more efficient and secure cross-border payment solutions. Representatives from multiple banks also noted that they look forward to deepening collaboration with XTransfer, further improving localised settlement networks, and jointly promoting the development of the cross-border payments ecosystem.

As a fintech company deeply focused on global trade finance, XTransfer has consistently adhered to a technology-driven and compliance-first approach. It is committed to providing global trade enterprises with secure, convenient, and cost-effective cross-border payment and collection solutions. With the launch of its new Malaysia office, XTransfer will position Malaysia as a strategic hub for its Southeast Asia operations, extending its reach across the Asia-Pacific market and further accelerating regional business expansion. Going forward, XTransfer will continue to advance its internationalisation strategy to better serve global trade companies.

It is also worth noting that in February this year, XTransfer received conditional approval from Bank Negara Malaysia (BNM) for key payment licenses. Upon completing the pre-issuance conditions and being permitted to launch, XTransfer will introduce digital payment services to support businesses, particularly SMEs engaged in international trade. With the official opening of the new office, XTransfer will leverage stronger local service capabilities together with its global network resources to continue helping regional trade businesses seize global opportunities and expand into broader international markets.

Hashtag: #XTransfer #Crossborder #Payment #SMEs #Malaysia


The issuer is solely responsible for the content of this announcement.

PureHealth’s insurance arm, The National Insurance Company – Daman, has secured an A1 Insurance Financial Strength Rating from Moody’s Ratings with a stable outlook, marking a major credit milestone for Abu Dhabi’s expanding healthcare and insurance platform. The rating is the highest Insurance Financial Strength Rating assigned by Moody’s to a UAE insurer and the highest across the GCC among life, property and casualty, and reinsurance companies. […]

Dubai’s virtual asset sector has reached a fresh regulatory marker after the Virtual Assets Regulatory Authority issued its 50th Virtual Asset Service Provider licence to Tribe Tokenisation FZE, strengthening the emirate’s push to build a supervised digital-finance industry. The licence, recorded on VARA’s public register as VL/26/06/002 and issued on 22 June 2026, authorises Tribe Tokenisation FZE for broker-dealer services. Its addition takes the number of active […]

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The Ascott Limited introduces a vibrant integrated stay, events and lifestyle hotel within Sunshine Central, Ayer Itam.

PENANG, MALAYSIA – Media OutReach Newswire – 3 July 2026 – HARRIS Hotel & Conventions Sunshine Penang officially opens its doors today, marking the debut of the HARRIS brand in Malaysia and introducing a vibrant new hospitality, meetings and lifestyle destination in the heart of Ayer Itam.

Located just 30 minutes from the Penang International Airport and within Sunshine Central in Ayer Itam, the hotel offers a strategic Penang address that brings together modern accommodation, meetings and events facilities, direct mall connectivity, and access to retail, dining and lifestyle conveniences, as well as some of Penang’s best-known local attractions. Designed for domestic and international leisure travellers, families, business travellers, groups and event planners, the hotel offers a practical and well-rounded hospitality experience in one of the island’s established local neighbourhoods.

Marking HARRIS’ First Presence in Malaysia

The opening of HARRIS Hotel & Conventions Sunshine Penang reflects the growing appeal of Penang as a destination where leisure, food, culture, healthcare, retail and business events meet. With its location near Penang Hill, Kek Lok Si Temple, traditional markets and local hawker food, the hotel provides a convenient base for travellers seeking to experience Penang beyond the usual city-centre stay.

At the same time, its position within Sunshine Central strengthens its relevance for corporate travellers, meeting planners, event organisers and business groups. The hotel is connected to retail and lifestyle facilities, supported by extensive parking within the development, and offers direct access to event spaces suited for corporate meetings, conferences, seminars, weddings, annual dinners and social celebrations.

“The debut of HARRIS in Malaysia is an important milestone for Ascott as we continue to expand our brand portfolio across the country,” said Mondi Mecja, Country General Manager, Ascott Malaysia. “Penang’s strong position as a tourism, healthcare and business events destination makes it an ideal location for the brand’s first Malaysian property. Together with our partners at Sunshine Central, we are excited to introduce a hotel that caters to today’s leisure travellers, families, corporate guests and event organisers in one integrated destination.”

A Stay Designed for Leisure, Business and Group Travel

The hotel features 284 rooms and suites, comprising HARRIS Rooms, HARRIS Suites and HARRIS Family Suites. Its accommodation is designed to support both short stays and group travel, with room options suited for individual travellers, couples, families and guests attending meetings or events. Facilities include Harris Bistro, the hotel’s all-day dining restaurant, F&B lounge, swimming pool, children’s wading pool, children’s playground, gymnasium and high-speed Wi-Fi, reflecting HARRIS’ energetic and friendly approach to practical hospitality.

Discovering Ayer Itam and Penang’s Local Attractions

For families and leisure travellers, HARRIS Hotel & Conventions Sunshine Penang offers an accessible stay option within reach of Ayer Itam’s popular food, retail and cultural experiences. Its proximity to Penang Hill and Kek Lok Si Temple also creates opportunities for weekend stays, family holidays, group itineraries and pre- or post-event leisure visits.

A New Venue for Meetings, Weddings and Events

As one of the newest large-scale event venues in Penang, the pillarless Grand Ballroom, which can host up to 1,000 guests for banquet-style events, making it suitable for weddings, gala dinners, annual dinners and large-scale corporate functions.

The event spaces are designed for flexibility, with adaptable seating layouts, moveable partitions and modern AV capabilities, including integrated LED screens, high-speed Wi-Fi, professional sound and microphone systems, and dedicated AV control support.

With local weddings, company events, meetings and regional business events expected to be key demand drivers, the hotel is positioned as a practical new choice for planners who require accommodation, event space, retail convenience and ample parking access in one connected destination.

Convenience for Medical Travellers and Visiting Families

HARRIS Hotel & Conventions Sunshine Penang is also well placed for guests visiting Penang for healthcare-related travel, with access to established hospitals and private medical facilities on the island. Together with its family-friendly accommodation, mall connectivity, dining options, the hotel provides a convenient base for medical travellers and accompanying family members.

Opening Offer

To celebrate its opening, HARRIS Hotel & Conventions Sunshine Penang is offering HARRIS Rooms from RM308+ per room per night. Book from now till 31 October 2026, and stay period from 3 July to 31 October 2026. Website for bookings: Reservations and Bookings

Guests may also follow HARRIS Hotel & Conventions Sunshine Penang on Facebook at facebook.com/harrissunshinepenang and Instagram at @harris_sunshinepenang for the latest updates and opening highlights.

For images, please click here.

Hashtag: #HARRISHotels #HARRISHotel&ConventionsSunshinePenang #TheAscottLimited



The issuer is solely responsible for the content of this announcement.

About The Ascott Limited

The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of more than 1,000 properties spanning over 230 cities across more than 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes,,,,,,,,,,,, and.

Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.

As a wholly owned business unit of, Ascott generates fee-related revenue by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored and private funds.

For more information on Ascott and its sustainability programme, please visit. Alternatively, connect with Ascott on,, and.

Transaction Valued at $122.5M Establishes 20,000-Liter US Biologics Drug Substance Manufacturing Platform, Covering Development through Commercial Supply

TAIPEI, TAIWAN – Media OutReach Newswire – 2 July 2026 – Bora Pharmaceuticals Co., Ltd. (“Bora” or “Bora Group”; TWSE: 6472; OTCQX: BORAY) today announced the completion of its acquisition of the GMP manufacturing operations of MacroGenics, Inc. (NASDAQ: MGNX) including its biologics drug substance facility in Rockville, Maryland and an associated warehousing center in Frederick, Maryland, for total consideration of US $122.5 million through its wholly owned subsidiary Bora Biologics USA, LLC.. Upon closing, Bora signed a long-term CDMO Service Agreement with MacroGenics.

With the close of the transaction, Bora Group’s biologics CDMO franchise, Bora Biologics, now operates 20,000 liters of single-use bioreactor (SUB) drug substance manufacturing capacity across two active US sites: Rockville, Maryland and San Diego, California, and one development facility in Zhubei, Taiwan.

“This acquisition establishes a US biologics manufacturing platform that sponsors can depend on, from development through licensed commercial supply,” said Bobby Sheng, Chairman and CEO of Bora Group. “As regulatory and supply chain dynamics continue to evolve, we expect biotech and pharmaceutical companies to increasingly seek manufacturing partners with US-based, inspection-proven infrastructure. Bora Biologics is designed to meet that need, offering a fully integrated, end-to-end biologics platform spanning drug substance and drug product capabilities.”

With the addition of the Rockville facility, Bora Biologics supports more than 4 active commercial programs, with more than 120 completed GMP batches and supply into multiple global markets including the US, EU, Japan, Canada and the UK with fully integrated QC and analytical capabilities.

Across its US network, Bora Biologics has completed five FDA inspections, including two at Rockville and one PMDA review in 2025, with clean results at both sites. The combined platform has supported more than 33 biologics and 15 biosimilars, establishing a manufacturing base for biotech and pharmaceutical companies with reduced offshore dependency and domestically anchored infrastructure.

Bora Group intends to integrate its US drug substance (DS) capabilities with its existing sterile drug product (DP) capabilities over the next 12 to 18 months, offering a seamless, fully integrated development-through-commercial biologics solution.

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About Bora

Founded in 2007, Bora Pharmaceuticals (“Bora” or “the Company”, 6472.TW and BORAY.OTCQX) is a leading pharmaceutical services company with a vision and goal of “Contributing to Better Health All Over the World”. Operating under a “Dual Engine” model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients’ quality of life.

By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. Committed to making success “certain,” Bora sets new standards in the pharmaceutical and CDMO industries.

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Disclaimer:
This document and the accompanying information may contain forward-looking statements. All statements regarding the company’s future business operations, potential events, and prospects (including but not limited to forecasts, targets, estimates, and operational plans) are considered forward-looking statements unless they refer to factual occurrences. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual results, including but not limited to price fluctuations, actual demand, exchange rate variations, market share, competitive conditions, changes in the legal, financial, and regulatory framework, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the company’s control. These forward-looking statements are based on current predictions and assessments, and the company disclaims any responsibility for future updates.

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RYO YAMADA
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IKUYO KITA