Arabian Post Staff -Dubai FUCHS Egypt Lubricants has appointed Dynamic Distribution Co. as its official distributor across Upper Egypt, marking a sharper push by the German-rooted lubricant group to deepen its access to workshops, fleet operators, agricultural users and industrial customers beyond the Cairo-centred supply chain. The partnership gives Dynamic Distribution responsibility for expanding the availability of FUCHS products in a region that includes major commercial corridors […]
SINGAPORE – Media OutReach Newswire – 14 May 2026 – Veritickets, a global event ticketing platform, has become the first brand to sell overseas concert and sports tickets on Tmall Global, China’s largest cross-border e-commerce platform, following its recent debut on the site.
Screenshot of Veritickets’ storefront on Tmall Global.
The move established a new category for international live entertainment ticketing within China’s import e-commerce market, with Tmall Global positioning Veritickets as a specialist overseas brand addressing an underserved market.
Ahead of Tmall Global’s annual 618 shopping festival, Veritickets will offer tickets to all 104 FIFA World Cup matches, alongside global tour tickets for leading Chinese-language artists including Jay Chou, Stefanie Sun, and Mayday. The platform will also feature K-pop tours across Asia, enabling fans to secure seats for performances by groups such as EXO, BTS, and i-dle.
The move comes as outbound demand for live entertainment continues to rise among Chinese consumers, driven by a packed calendar of international sporting events, including the FIFA World Cup, UEFA Champions League and Premier League, as well as a broader recovery in concerts across the Asia-Pacific region.
Veritickets aims to address longstanding difficulties in cross-border ticket purchasing. Consumers buying overseas event tickets have typically faced challenges ranging from language barriers and complex payment processes to uncertainty over ticket authenticity and availability. The platform was designed to resolve these issues for international buyers.
The platform commits to issuing confirmed, in-stock tickets in as fast as 12 hours and provides multilingual interfaces and multi-currency payment options. It also offers a “100% verified tickets” guarantee backed by a consumer-protection policy that provides a full refund, plus additional compensation of up to the ticket price, if tickets are not delivered.
Tickets are available through the Veritickets website or mobile app. The platform accepts major international credit cards, including Visa, Mastercard and JCB, and is also an officially certified partner of Alipay, China’s leading digital payments and services platform.
To enhance transparency and reduce search friction, Veritickets aggregates official and vetted ticket inventory into a single interface, allowing users to compare offerings with real-time availability and pricing. An all-in pricing model is used to limit hidden charges and last-minute price adjustments.
Event recommendations are tailored using a preference-based engine, while dedicated customer support and real-time transaction verification form part of the platform’s service and supervision standards.
Initially focused on Hong Kong, Macau and Southeast Asia, Veritickets plans to strengthen its footprint across the Asia-Pacific region, with phased expansion into additional international markets.
The platform is currently recruiting internationally qualified ticketing agents, requiring valid operating licenses, strong credit records and proven professional service capabilities. All agents must comply with stringent requirements, including real‑time ticket updates, instant transaction validation and round-the-clock customer support, ensuring a consistent and reliable experience for buyers worldwide.
Hashtag: #Veritickets
The issuer is solely responsible for the content of this announcement.
Cape Town to host continent’s largest energy gathering as focus shifts from aspiration to execution
CAPE TOWN, SOUTH AFRICA – EQS Newswire – 14 May 2026 – The Africa Energy Forum (https://apo-opa.co/4ugdl9y) returns from 16-19 June 2026, bringing together the companies, investors and governments driving Africa’s move from energy access to industrial-scale infrastructure.
The companies gathering in Cape Town are deploying capital into transmission infrastructure, building mining corridors that will define trade routes for decades, financing baseload capacity that can power heavy industry, and developing renewable projects that will anchor Africa’s manufacturing future. Forum Sponsor Sun Africa leads a group of sponsors whose projects and investments are already shaping how the continent builds its industrial base.
“I am looking forward to joining the conversation in Cape Town this June. What excites me about this year’s Summit is the calibre of capital and commitment in the room — companies that are financing baseload capacity for heavy industry, building mining corridors that will define trade routes for decades, and deploying renewable projects that will anchor Africa’s manufacturing future. That is the kind of long-term, structural thinking that Sun Africa has always believed this continent deserves, and it is exactly the conversation we need to be having.” Sun Africa, CEO, Adam Cortese.
ACWA Power, Infinity Power and AMEA Power are building gigawatt-scale renewable capacity across the continent. Globeleq and TotalEnergies are financing and operating projects that demonstrate how private capital can deliver industrial-grade infrastructure. British International Investment and IFC are structuring deals that blend concessional and commercial finance to unlock sovereign wealth fund participation. Nedbank CIB is providing the sustainable finance structures that allow projects to reach financial close.
“As Africa moves from aspiration to execution, this year’s agenda focuses on the hardware of industrialisation – the steel, concrete and transmission lines that will define Africa’s industrial future,” said Simon Gosling, Managing Director of EnergyNet.
The companies driving this shift face common challenges: structuring bankable projects where perceived risk exceeds actual performance, moving critical minerals from extraction to processing, building transmission corridors that serve both mines and cities, and deploying patient capital into long-term infrastructure.
Cape Town provides the right setting. South Africa is navigating private transmission investment, energy trading, mining-driven renewable deployment, and tensions between industrial growth and climate commitments – challenges the rest of the continent will face. The city’s reforms offer a live case study.
The agenda reflects where these companies are focusing their resources. Critical minerals receive a two-day dedicated stream exploring downstream processing, transport corridors and value capture from reserves representing over 30% of global supply. Sessions examine the Lobito Corridor, Liberty Corridor and Simandou infrastructure as models for large-scale project finance.
Transmission and baseload themes address grid expansion, private investment structures and 24/7 availability for data centres and manufacturing. Energy trading sessions explore how sponsors are transforming project finance through creditworthy off-take, whole technology discussions will cover AI for revenue protection, data centre supply chains and CBAM compliance.
More broadly, the forum structure supports deal-making. The speaker programme includes closed-door roundtables bringing together DFIs, sovereign wealth funds, Middle East ministers, utilities, regulators and the private sector for frank discussions on capital deployment.
This will bring together senior public and private sector leadership, with notable speakers including H.E. Honourable Dr. Kgosientsho Ramokgopa, Minister of Electricity & Energy, South Africa; H.E. Honourable Samantha Graham-Marè, Deputy Minister of Electricity & Energy, South Africa; Dan Marokane, GCE, Eskom, South Africa; H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Kgosientsho Ramokgopa, Minister of Electricity & Energy, South Africa; H.E. Honourable Lerato Mataboge, African Union Commissioner for Infrastructure and Energy; Precious Edward, Head, IPP Office, South Africa; Obaïd Amrane, CEO, Ithmar Capital, Morocco, Chair, Africa Sovereign Investors Forum (ASIF) & Chair, International Forum of Sovereign Wealth Funds (IFSWF); Mike Teke, Group CEO, Seriti Resources; and Jonathan Hoffman, CEO, Globeleq.
Regional fireside chats, meanwhile, will spotlight opportunities across North, East, South and West Africa. Day One features ministerial sessions with participation from Sierra Leone’s Ministry of Energy and The Gambia’s Ministry of Environment, Climate Change & Natural Resources.
Additional sponsors driving the programme include AKSA as Exhibitor Sponsor, with lead sponsor support from Synergy Consulting, ATIDI, Engie, European Investment Bank, Standard Bank, Red Rocket, USP&E Global and Sungrow.
On the final day, YES! (Youth Energy Summit) takes place as part of the aef stream under the theme ‘Empowering Today’s Entrepreneurs – Building Tomorrow’s Industrialists’. Here, impact leaders will present scalable initiatives creating entrepreneurship opportunities in Africa’s energy sector, while industry partners lead interactive workshops building practical skills for 600 young people in attendance.
Distributed by APO Group on behalf of EnergyNet Ltd..
Seoul apartment prices accelerated at their fastest weekly pace in more than three months, sharpening the policy dilemma facing the Bank of Korea as stronger housing demand, firm rental costs and hotter inflation narrow the case for near-term monetary easing.
Apartment prices in the capital rose 0.28 per cent in the week through May 11, up from 0.15 per cent a week earlier, marking the steepest gain since late January. The increase extended Seoul’s run of weekly advances to 67 weeks, while nationwide apartment prices rose 0.06 per cent, underscoring a widening gap between the capital and the rest of the country. All 25 districts in Seoul posted gains, with Gangnam returning to positive territory after a 12-week decline and jeonse prices also climbing 0.28 per cent.
The renewed strength has added pressure on policymakers before the Bank of Korea’s May 28 rate-setting meeting, the first under Governor Shin Hyun-song. The central bank held its base rate at 2.50 per cent in April, citing rising inflation pressures, weaker growth risks and financial-market volatility linked to the Middle East conflict. Shin has signalled that policy will remain cautious and flexible, with price stability and financial stability both central to the bank’s calculations.
Housing is becoming a harder constraint for monetary policy because Seoul’s property market has moved in the opposite direction from the broader economy. Growth has been facing pressure from external demand uncertainty, higher energy costs and weaker household spending, yet the capital’s housing market continues to draw buyers who expect limited supply and further rental increases. That combination reduces the room for rate cuts, as easier financial conditions could feed more leverage into an already expensive market.
Consumer inflation reached 2.6 per cent in April, the highest reading since July 2024, after rising from 2.2 per cent in March. Transport costs, housing and utilities were among the categories adding pressure, while oil-linked effects from the Middle East conflict have complicated the central bank’s effort to bring inflation back towards its 2 per cent target. A departing board member, previously seen as dovish, warned this week that inflation control should remain the bank’s priority even at the cost of weaker growth.
The property upturn is also being reinforced by South Korea’s jeonse system, under which tenants provide large lump-sum deposits instead of monthly rent. Tight supply of rental homes and rising jeonse costs have encouraged some households to shift towards buying, particularly in Seoul districts where demand remains resilient despite lending controls. Housing rental prices have been moving higher since early 2024, and rent carries significant weight within services inflation, making it a sensitive issue for both the central bank and fiscal authorities.
Government measures have so far produced uneven results. Authorities tightened trading rules in wealthy Seoul districts last year, including Gangnam, Seocho, Songpa and Yongsan, after speculation returned quickly when permit requirements were eased. They also moved to fast-track housing supply in the capital region, where limited available land and slow redevelopment approvals have kept pressure on prices. Apartment prices in Seoul climbed nearly 9 per cent in 2025 despite those interventions, leaving policymakers wary that demand-side restrictions alone may not be enough.
The latest move comes after a brief moderation linked partly to tax policy expectations. Earlier this year, the central bank said price increases in Seoul and surrounding areas had slowed under the government’s plan to end the temporary suspension of higher capital gains taxes on multiple-home owners. The rebound in May suggests buyers may be adapting to policy changes rather than retreating, particularly in areas where expectations of long-term scarcity remain strong.
Financial stability concerns remain central because household debt is closely tied to housing prices. South Korea’s mortgage market has long made the property cycle a major channel for monetary policy, and a renewed rise in Seoul apartments could encourage more borrowing at a time when real incomes remain under pressure. A stronger won and improved equity sentiment linked to semiconductor demand may ease some external strains, but they also add complexity by supporting domestic confidence.
Fiscal policy is moving in a more expansionary direction, supported by strong tax revenue from the artificial intelligence and semiconductor cycle. Fitch has said South Korea has room for active spending because chip-sector strength has improved the revenue outlook, while monetary policy may need to stay restrictive because of inflation risks. That divergence places greater responsibility on the central bank to prevent housing and price pressures from becoming embedded.
Gulf banks are preparing to lean more heavily on private placements and syndicated loans as the Iran conflict continues to unsettle public debt markets and reshape funding plans across the region. Fitch Ratings said lenders in the Gulf Cooperation Council are likely to use quieter, negotiated channels if market volatility keeps public bond windows narrow. Private placements by Gulf banks have already exceeded $4.3 billion this year, […]
South Africa’s retailers are paying a widening price for weak security systems, with losses now extending beyond stolen stock to staff safety, customer confidence, delivery costs, insurance premiums and already thin operating margins. Shrinkage has become a boardroom issue rather than a store-level irritation. Retailers are dealing with shoplifting, employee theft, fraud, vandalism, armed robberies, cyber intrusions and organised syndicates that target goods with established resale value. […]
Arabian Post Staff -Dubai Abu Dhabi’s arbitration centre has recorded a 38 per cent rise in cases between its first and second years of operation, signalling stronger business reliance on the emirate’s formal dispute resolution framework as cross-border commerce expands. The Abu Dhabi International Arbitration Centre, known as arbitrateAD, has administered 105 matters since it began accepting cases in February 2024. The growth was disclosed in its […]
By Nitya Chakraborty The developments in eastern and north eastern parts of India are getting increasing attention from Washington in the context of China’s planned moves to expand its control in Bangladesh and Myanmar, the two countries bordering the Indian states.US President Donald Trump’s unusual message sent to the Indian Prime Minister Narendra Modi on […]
Arabian Post Staff -Dubai Nisus Finance Services Co Limited has announced a strategic push into the UAE construction market through New Consolidated Construction Company Limited, positioning the newly acquired contractor as a regional platform for infrastructure, real estate and specialised asset delivery across the Gulf. The move brings NCCCL into one of the region’s busiest project markets, where construction, transport, utilities, housing and technology-led infrastructure continue to […]
BYD is exploring talks with Stellantis and other European carmakers over underused plants, marking a potentially significant step in the Chinese group’s push to localise electric vehicle production in one of the world’s most contested auto markets. The discussions, disclosed by BYD executive vice-president Stella Li, include possible deals for factories in countries such as Italy, where established manufacturers are grappling with weak demand, high production costs […]
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty. Moody’s assessment points to a market under pressure but not in distress. Sales momentum has cooled as conflict across the Middle East unsettles investor sentiment, yet there […]
Arabian Post Staff -Dubai Abu Dhabi has moved to tighten control over its infrastructure delivery pipeline with a unified governance framework designed to cut approval delays, improve coordination and accelerate capital projects across the emirate. The Abu Dhabi Projects and Infrastructure Centre announced the framework on the opening day of the Abu Dhabi Infrastructure Summit 2026, bringing 14 government entities into a common mechanism covering municipalities, utilities, […]
BANGKOK, THAILAND – Media OutReach Newswire – 13 May 2026 – ONYX Hospitality Group, a leading hospitality management company in Asia-Pacific, has unveiled its growth strategy as it celebrates its 60th anniversary. With a portfolio spanning hotels, resorts, serviced apartments, luxury residences, as well as dining and spa offerings, the Group is targeting total revenue of THB 10.33 billion in 2026, representing a 14% year-on-year increase. It also plans to expand its portfolio to more than 75 properties by 2030, underscoring its sustained growth momentum and strengthening its position across the Asia Pacific region. This expansion will be supported by a planned investment of THB 5.5 billion over the next three years, primarily focused on enhancing and upgrading existing properties.
Over the past six decades, ONYX Hospitality Group has grown from managing a single hotel in Thailand into a regional hospitality company with a multi-brand portfolio including Amari, OZO, Shama and Oriental Residence. Each brand has a clearly defined identity and market position, enabling the Group to meet the evolving needs of modern travellers across a range of segments.
Today, ONYX manages 49 properties and remains on track to expand its portfolio to more than 75 properties across Asia Pacific through a disciplined and sustainable growth strategy.
Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group, said: “Over the past six decades, ONYX Hospitality Group has built a strong foundation of expertise and experience, growing from the management of a single hotel in Thailand into a regional hospitality player with an expanding presence across Asia Pacific, continuously earning the trust and confidence of both partners and customers.
This growth has been driven by a strong Thai foundation, combined with a global outlook and a strategic focus on regional markets, which have consistently served as the key pillars underpinning the Group’s development.
As we celebrate our 60th anniversary, we see this milestone not merely as a reflection of our past achievements, but as the beginning of our next phase of growth. Looking ahead, we remain committed to expanding our regional footprint, strengthening our brands, and creating long-term value for our partners, investors and customers, while continuing to develop the organisation in a balanced and sustainable manner. At the same time, we are dedicated to playing an active role in elevating service standards and supporting the long-term advancement of Thailand’s hospitality industry.”
Accelerating Expansion to Support Long-term Growth
ONYX Hospitality Group continues to expand its presence across Asia Pacific under its vision of becoming ‘The Best Medium-sized Hospitality Management Company in Asia Pacific’.
In 2026, the Group is set to launch several new projects, including Shama Sukhumvit 101 Bangkok, Shama Medini, and Y Hotel Nanshan Shenzhen Inspired by OZO, reinforcing its strategic expansion across the serviced apartment and lifestyle hospitality segments in key regional gateway cities.
At the same time, the Group continues to advance a strong future development pipeline, including Shama Rayong, EQ Phuket, Shama Hub Ladprao Bangkok, Shama North Pattaya, and the luxury development Amari Resort & Villas, Samui, alongside a major transformation of Amari Phuket aimed at revitalising the property and elevating the guest experience.
By 2030, ONYX aims to expand its portfolio from 49 properties to more than 75, with a focus on quality growth through long-term partnerships and a tailored approach to hospitality that reflects the needs of each market.
In addition to regional expansion, ONYX Hospitality Group is driving growth through effective asset management and investment strategies, with ONYX RT serving as another key growth engine. Supported by lower interest rates, recovering investor confidence, and the return of more than 35 million international travellers, the Group expects its core assets — including Amari Bangkok, OZO Samui, and OZO Phuket— to further enhance portfolio value, with a targeted valuation of more than THB 4 billion.
Strengthening Brand Positioning Across the Portfolio
As part of its 60th anniversary, ONYX Hospitality Group is advancing its overall brand development through its long-term strategic framework, “ONYX Universe”, which has been designed to support future growth across all dimensions of the business. The framework covers talent development, technology, sustainability, brand strength, marketing and revenue efficiency, customer engagement, food and beverage, and asset management to drive long-term returns. It will serve as a key foundation for enhancing the Group’s regional competitiveness while responding to the evolving needs of travellers and residents.
ONYX has also refined the positioning of its four core brands to strengthen differentiation and align more clearly with current market demand:
Amari has been repositioned in the upper-upscale segment, offering Thai hospitality enriched by local insight and the distinctive character of each destination.
OZO has evolved into an upper-midscale lifestyle hotel brand with enhanced service, designed for modern travellers who expect a seamless stay with the right essentials and a touch of elevated comfort.
Shama continues to focus on serviced apartment living, fostering vibrant communities while delivering Joy of Living through thoughtfully designed experiences that combine comfort, quality, and meaningful lifestyle for both short- and long-term stays.
Oriental Residence has been elevated to a more refined expression of luxury, where elegance is understated, privacy is paramount, and every detail is thoughtfully personalised.
This brand evolution reflects ONYX Hospitality Group’s commitment to creating clearer differentiation in support of long-term business growth.
Driving Sustainable Growth Through Regional Expansion and Brand Strength
Built on a 60-year legacy, ONYX Hospitality Group remains committed to growth through regional expansion, brand enhancement and continued organisational development. Anchored in its Thai roots and global outlook, the Group continues to place regional growth at the heart of its strategy as it works towards becoming the best medium-sized hospitality management company in Asia- Pacific, while delivering sustainable value to all stakeholders. Hashtag: #ONYXHospitalityGroup #HospitalityIndustry #AsiaPacificTravel
The issuer is solely responsible for the content of this announcement.
About ONYX Hospitality Group
ONYX Hospitality Group, a reputable force in Asia Pacific’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food and beverage. With over six decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
SINGAPORE – Media OutReach Newswire – 13 May 2026 – DTAP, Singapore’s pioneering GP+ medical provider established in 2005, announced the opening of two new clinics – DTAP Clinic @ Holland Village, which officially opened on 29 Apr 2025, and DTAP Clinic @ Clarke Quay, which officially opened on 23 May 2025. The expansion strengthens access to general and sexual healthcare services, including STD tests, STD screening and HIV tests, within central lifestyle districts.
As healthcare-seeking behaviours continue to evolve, there has been a noticeable shift towards earlier and more proactive screening, especially for sexually transmitted infections (STIs) and HIV. Increasing public awareness of the importance of timely testing and treatment has driven demand for accessible, confidential care delivered in a professional clinical setting. The expansion into Holland Village and Clarke Quay reflects this shift, with both clinics designed to offer a comfortable and private environment that supports individuals in seeking care with confidence.
DTAP operates as a GP+ medical centre, bridging the gap between general practice and specialist care. Fully accredited for HIV and STD testing and treatment, its clinical protocols adhere to Singapore Ministry of Health (MOH) guidelines, covering the full continuum from screening and early detection through to treatment and long-term management. Beyond sexual health, DTAP also supports men’s and women’s health, weight management and mental health.
Clinics are staffed by experienced doctors — both male and female — who take a friendly, open and non-discriminatory approach, ensuring patients can seek care with confidence and discretion.
“This expansion builds on DTAP’s longstanding commitment to accessible and confidential care, with over 20 years of experience since 2005. We are seeing a clear shift towards more proactive health-seeking behaviour, particularly in sexual health, with more patients coming forward earlier for screening and testing, including for conditions that were previously under-discussed. This highlights the importance of timely detection and access to care, supported by a discreet, comfortable environment with experienced doctors who provide care in a respectful, open and non-discriminatory manner,” said Dr. Alan Tan, Chairman of DTAP Clinics.
DTAP Clinic @ Holland Village and DTAP Clinic @ Clarke Quay are now open to patients. For more information on services, visit https://dtapclinic.com/.
Hashtag: #DTAP
The issuer is solely responsible for the content of this announcement.
About DTAP
DTAP clinics offer GP+ medical services, bridging the gap between general practice and specialist care. Established in 2005, DTAP provides services that extend beyond regular GP offerings, with key focus areas including men’s health and women’s health, including sexual health, STD check, weight management and mental health. Through all life stages, DTAP aims to be a trusted healthcare partner in both general and sexual health.
World-First Innovations Showcase Hong Kong’s Thriving Life and Health Tech Ecosystem from Bench to Bedside
HONG KONG SAR – Media OutReach Newswire – 12 May 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) joined alongside 38 Park companies in the two flagship events of the 5th International Healthcare Week — the Hong Kong International Medical and Healthcare Fair (“Medical Fair”) and the Asia Summit on Global Health (“ASGH”), held from 11 – 13 May. Showcasing at these premier medical innovation and technology (I&T) events, HKSTP is demonstrating its pivotal role in nurturing and supporting the growth of biotechnology enterprises. During ASGH, HKSTP also hosted a dedicated investor pitch session, providing Park companies with an exclusive stage to connect directly with global capital and pursue fundraising opportunities.
HKSTP joined Medical Fair and Asia Summit on Global Health with 38 Park companies, comprehensively demonstrating the diverse strengths of Hong Kong’s life and health technology sector as it progresses from R&D to commercial application.
Over 30 Market-Ready Solutions across Four Key Industry Focus
On the opening day of the Medical Fair, the HKSTP pavilion drew numerous industry professionals, investors and professional buyers, who gathered to explore Hong Kong’s latest I&T achievements and actively discuss collaboration opportunities. Participating companies span four critical areas — health monitoring, surgical assistance, precision medicine, rehabilitation training — comprehensively demonstrating the diverse strengths of Hong Kong’s life and health technology sector as it progresses from research and development (R&D) to commercial application.
Mr Terry Wong, CEO of HKSTP, said: “HKSTP has always been a steadfast partner to tech ventures, building a vibrant and well-established ecosystem for biotech companies ranging from start-ups with early-stage innovation to experienced innovators with market-ready solutions. To meet their diverse needs, we offer end-to-end support from R&D to clinical applications, including lab facilities, funding connections and market expansion. Our presence at this event fully reflects the innovative vitality and strength of Hong Kong’s life and health tech ecosystem. We hope to showcase Hong Kong’s cutting-edge medical R&D achievements to the international community, while delivering a clear message: Hong Kong is not only a top-tier scientific research base, but also the strongest springboard for technology enterprises to go global. By uniting forces across all sectors, we will further solidify Hong Kong’s leadership as an international health tech hub.”
Park company Highlights:
Endovision offers an intestinal endoscopic imaging system that leverages AI and real-time imaging to assist physicians in conducting more precise examinations. The solution has already obtained EU Medical Device Regulation (MDR) certification.
Mirror Caring presents SyncKnee, a smart wearable solution integrating flexible sensors, embedded systems and AI analytics to deliver real-time monitoring of knee joint health and data-driven insights.
Voice Empowerment Technology features a customised “AI Voice Reconstruction Tool” designed to enhance the efficiency of speech therapy services, offering breakthrough communication support for patients with aphasia and speech disorders.
“World-First” Cutting-Edge Medical Technologies Take Centre Stage
This year, HKSTP has also set up a dedicated exhibition zone at the Asia Summit on Global Health (ASGH), spotlighting a range of groundbreaking biomedical solutions, including several “world-first” innovations:
Agilis Robotics: The world’s first robotic-assisted “En Bloc Transurethral Resection of Bladder Tumour”, achieving precise tumour resection margins and offering a minimally invasive surgical option with faster recovery for early-stage cancer patients.
GenEditBio: The world’s first in vivo genome editing therapy (often referred to as “DNA surgery”) targeting corneal dystrophy, with Phase I clinical trials expected to commence this year, aiming to improve patients’ quality of life.
Meta Pharmaceuticals: The world’s first oral inhibitor for treating autoimmune diseases such as inflammatory bowel disease and multiple sclerosis, enhancing medication convenience and delivering safer, more effective anti-inflammatory therapy.
Dedicated Investor Pitch Session: Connecting Global Capital to Accelerate Enterprise Growth
For early-stage biotech companies, funding is crucial to sustaining research and achieving breakthroughs. To this end, HKSTP is fulfilling its role as a “super-connector” by hosting the “Life and Health Technology Innovation Pitch” at ASGH, to bridge between Park companies and the global market and deepen international partnerships.
HKSTP hosted the “Life and Health Technology Innovation Pitch” session, providing Park companies with an exclusive stage to connect directly with 12 global investors and pursue fundraising opportunities.
The pitch session bought together 12 leading global investors from the UK, the US, Singapore, Canada and beyond, creating a top-tier platform for fundraising and business matching, and accelerating the translation of life and health tech innovations. Ten Park companies with breakthrough technologies took the stage to attract international capital, further showcase their innovative solutions and advance to the next stage of growth and global expansion.
Event Details: Hong Kong International Medical and Healthcare Fair (Medical Fair) Date: 11–13 May 2026 Venue: Hong Kong Convention and Exhibition Centre, Hall 3DE HKSTP Booth: 3E-E06
Asia Summit on Global Health (ASGH) Date: 11–12 May 2026 Venue: Hong Kong Convention and Exhibition Centre, Hall 3FG HKSTP Booth: 3F-A11 Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 17,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
Nigeria’s equities market has moved into a stronger expansion cycle as abundant domestic liquidity, expectations of looser monetary conditions and a widening valuation rerating continue to draw investors into listed banks, industrial counters, consumer goods companies and exchange-traded funds. Analysts at PAC Research have linked the rally on the Nigerian Exchange to four main forces: expanding local liquidity, expectations that monetary policy will normalise further, renewed […]
Alphabet is preparing its first yen-denominated bond sale as the Google parent broadens its financing base to support a sharp increase in artificial intelligence spending, underscoring how the world’s largest technology groups are moving beyond domestic debt markets to fund the infrastructure race. A term sheet shows the planned multi-tranche offering may include notes with maturities of three, five, seven, 10, 15, 20, 30 and 40 years, […]
Etihad Rail has moved into the final stage of preparations for the launch of passenger services later this year, marking a decisive shift in the UAE’s long-running plan to build a national rail system linking major cities, ports, industrial centres and residential hubs. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, reviewed progress on the company’s freight and passenger operations during a meeting […]
Abu Dhabi has unveiled a AED55 billion public-private partnership pipeline, setting out 24 projects across transport, core infrastructure and social facilities that are expected to enter the market through 2026 and 2027. The programme, launched by the Abu Dhabi Investment Office and the Abu Dhabi Projects and Infrastructure Centre, marks one of the emirate’s largest structured openings to private capital in public infrastructure. It is designed to […]
Arabian Post Staff -Dubai Dubai International Financial Centre has reaffirmed the resilience of its financial ecosystem, saying global clients across banking, insurance, wealth management and innovation remain committed to Dubai and the UAE despite heightened uncertainty across parts of the Middle East. Essa Kazim, Governor of DIFC, said the past few weeks had tested regional markets, but had also underlined the depth of confidence among institutions operating […]
Arabian Post Staff -Dubai Dubai Holding has become the largest shareholder in Emaar Properties after Investment Corporation of Dubai transferred its entire 22.2723 per cent stake in the Burj Khalifa developer to Emirates Power Investment, a wholly owned Dubai Holding subsidiary. The transaction lifts Dubai Holding’s total ownership in Emaar to 29.73 per cent, giving the group a commanding position in one of the emirate’s most […]
Securing Maryland-Based Drug-Substance Facility and Existing Commercial Orders to Scale the Group’s Integrated Technology Platform
HONG KONG SAR – Media OutReach Newswire – 12 May 2026 – Bora Pharmaceuticals (“Bora” or “Bora Group”; TWSE: 6472; OTCQX: BORAY) today announced that its Board of Directors has approved the acquisition of the GMP manufacturing operations, including the CDMO business, of MacroGenics, Inc. (NASDAQ: MGNX), for total consideration of US$122.5 million, subject to customary working capital adjustments, and a contingent consideration of up to $5 million based on future customer orders. The transaction includes a biologics drug substance manufacturing facility located in Rockville, Maryland and an associated warehousing center in Frederick, Maryland. Upon closing of the acquisition, the Company will sign a long-term CDMO Service Agreement with MacroGenics.
Following closing, Bora Group intends to leverage the Rockville Site in cooperation with Tanvex Biopharma (TWSE: 6541), which operates the Group’s biologics CDMO franchise under the “Bora Biologics” brand. Together with Bora’s sterile drug product capabilities, this is expected to scale the Group’s end-to-end biologics platform.
The Rockville facility has operated as an outsource manufacturing partner since 2022 and is equipped with five 2,000-liter and two 500-liter single-use bioreactors and fully integrated QC and analytical laboratories and has been inspected by both the U.S. FDA and Japan’s PMDA. From the transaction, Bora is expected to assume a substantial backlog for the size of its Bora Biologics CDMO business, including commercial-stage monoclonal antibody programs, clinical-stage programs, and a strong project pipeline. Commercial manufacturing currently accounts for more than half of the site’s revenue.
“This acquisition marks a pivotal step in strengthening Bora’s integrated biologics CDMO platform in the United States”, said Bobby Sheng, Chairman and CEO of Bora Group. “With the addition of the Rockville site, Bora Biologics total drug substance capacity would be 20,000-liter (SUB) and Bora Group will integrate our in-house DS (Drug Substance) and DP (Drug Product) capabilities and network investments over the next 12 to 18 months to offer global biotech customers a seamless offering allowing customers to advance programs from development through commercial supply with one single partner.”
Bora’s Board of Directors has authorized the Chairman to finalize the transaction in line with market conditions and the regulatory environment. For the year ended December 31, 2025, MacroGenics reported contract manufacturing revenue of $52.6 million. Hashtag: #BoraPharmaceuticals
The issuer is solely responsible for the content of this announcement.
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.
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.
Sharjah has approved a AED140 million bridge project on Mleiha Road to improve traffic movement at one of the emirate’s important road connections, with work scheduled to begin immediately and completion targeted within one year. His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, cleared the project as part of continuing efforts to upgrade the emirate’s transport network and ease […]
Arabian Post Staff -Dubai Dubai has cleared a regulated path for residents to pay government service fees using virtual assets, after Crypto. com’s UAE entity secured a Stored Value Facilities licence from the Central Bank of the UAE. The approval allows Foris DAX Middle East FZE, Crypto. com’s local entity, to activate its partnership with Dubai Finance and process payments for Dubai government fees through a framework […]
https://www.linkedin.com/company/onyx-hospitality-group/
https://www.facebook.com/ONYXHospitalityGroup
https://www.instagram.com/onyxhospitalitygroup/
www.onyx-hospitality.com
