- Over 600 global exhibitors, with more than a quarter bringing spirits from around the world- Seminars on Hong Kong’s spirits market and taxation can help the industry capture new opportunities- Sommeliers’ Picks makes its debut, with special labels on selected wines for easy identification- The Wine Fiesta zone opens to public ticket holders on the last day of the FairHONG KONG, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - The 16th Hong Kong International Wine & Spirits Fair, organised by the Hong Kong Trade Development Council (HKTDC), opens today and runs until 9 November at the Hong Kong Convention and Exhibition Centre.In recent years, consumers in the region have developed a more sophisticated appreciation for wine and spirits, boosting the development of the liquor trade. The latest Policy Address announced a lower duty rate for liquor, which is expected to enhance the trade of high-end spirits.More than 600 exhibitors from 20 countries and regions, including 17 pavilions, are taking part in this year’s Fair, representing Asia, Europe and the Americas in addition to Hong Kong and Mainland China, further promoting Hong Kong as a regional trading hub for wine and spirits.A diverse showcase for wines and spiritsOverseas exhibitors and Hong Kong agents are bringing a diverse collection of wine and spirits from some 40 countries and regions. These include emerging Chinese wines, sake and award-winning wines, while more than a quarter of exhibitors are showcasing spirits, including baijiu from Mainland China such as Guizhou Moutai, Xi Jiu and Zhenjiu, whisky from the Czech Republic, Japan, Ireland and Scotland, tequila from Mexico, gin and brandy from Japan and more.The Fair also features a Friends of Wine zone, which showcases gourmet foods that pair well with wine. Some exhibitors are also introducing their education and training services that promote the industry’s all-round development.The inaugural Sommeliers’ Picks has engaged renowned sommeliers Arnaud Bardary MS, Carlito Chiu and Reeze Choi, the first Chinese sommelier named second runner-up of ASI Best Sommelier of the World Contest 2023, to share their favourite wine and spirits list including red wine, white wine, sake, whisky and spirits, to serve as a guide for industry professionals and the public. The selected wines will have special labels affixed for easy identification. The three sommeliers picked the following wines:Red Wine- Anthony Thevenet Morgon Cuvee Vieilles Vignes; France (Vynluna Wines Limited; Booth no.: 3D-C13)- AOP Coteaux d'Aix en Provence Cocorico; France (Chateau Calissanne; Booth no.: 3D-C02)- Domaine de la Noblaie Pierre de Tuf; France (Vynluna Wines Limited; Booth no.: 3D-C13)- Reserve Range Sebastien's Cabernet Sauvignon; Australia (Amadio Wines; Booth no.: 3D-D02)- SELLATO; Italy (Az. Agr. Tenuta Viglione di Zullo Giovanni; Booth no.: 3E-C10) White Wine- Domaine Laureau Savennieres Les Genets; France (Vynluna Wines Limited; Booth no.: 3D-C13)- PINOT BLANC PREMIUM; Czech Republic (THAYA vinarstvi, spol. s r.o.; Booth no.: 3E-B02)- Tawse Quarry Road Chardonnay, Vinemount Ridge VQA; Canada (Vynluna Wines Limited; Booth no.: 3D-C13)- VELTLINSKE ZELENE PZNP; Czech Republic (THAYA vinarstvi, spol. s r.o.; Booth no.: 3E-B02)Sake- Harunomine Junmai Ginjo Gyokuei 55 Namazake; Japan (Tanaka Sake Brewery Co., Ltd.; Booth no.: 3D-A03A)- “Kohga Ninja” Unfiltered Pasteurized Junmai-Ginjo Sake 720ml; Japan (Equip Asia Limited; Booth no.: 3D-B09)- Ski Masamune; Japan (Musashino Shuzo Co., Ltd.; Booth no.: 3C-E06A)- The Ukishiro Sakitama Ancient Sake; Japan (Tanaka Sake Brewery Co., Ltd.; Booth no.: 3D-A03A) Whisky and spirits- UAIS; Ireland (Alarcon V. Limited; Booth no.: 3C-B23)- World Blended Whisky ASAKA Distillery & 4; Japan (SASANOKAWA SHUZO Co.,Ltd; Booth no.: 3C-E06B)Multiple events explore market trendsSome 50 events and conferences are being held during the Fair, with about one-fifth of these related to spirits. Renowned wine critic, wine writer and Chief Editor Lau Chi Sun discussed Hong Kong’s spirits market with industry experts at a seminar this afternoon organised by WineNow. They evaluated the latest market trends and outlook, including changes in taste preferences and the impact of the tax system.Another seminar, hosted by Master of Wine Debra Meiburg, featured renowned experts Vietnamese sommelier Le Hoang Khanh Vi, wine critic Cecilia Wong, wine and beer educator Belle Leung and Founder of Mai Sake Erika Haigh, who explored beverage consumption trends and preferences among Gen Z and millennials.The Fair also includes wine tasting sessions and seminars, along with conferences hosted by world-class Masters of Wine, sommeliers and industry professionals. These events are analysing trends in different regions and markets, while offering attendees a chance to sample fine wine and spirits from around the world.Stef Yim, the first person from Hong Kong to establish his own winery and vineyard at Europe’s highest active volcano, Mount Etna in Italy, is hosting wine tasting sessions and seminars for business buyers and the public throughout the three-day fair.There are several wine awards and competitions during the Fair. The Cathay Hong Kong International Wine and Spirit Competition 2024 Award Presentation Ceremony took place today, while the WineLuxe Hong Kong Top 10 Wine Pairing Restaurant Awards Presentation Ceremony 2024 will be held tomorrow. The Hong Kong International Mixology Showdown 2024 Hong Kong region semi-final, organised by the Hong Kong Bartenders Association under the theme of “Wine Kaleidoscope”, was also held today, while the debut “Final of China GBA region” will take place tomorrow.Public Day welcomes wine loversOn 9th November, the final day of the Fair, the Wine Fiesta zone will be open to ticket-holding members of the public aged 18 or above who can sample and buy wine and spirits, as well as participate in wine tasting sessions and special events. For instance, the Japan pavilion will offer sake for attendees to taste. In another session, speakers from the Asia Wine Service Education Centre will introduce participants to Italian natural wines.Master of Wine Debra Meiburg will host a tasting session on sparkling wines, while Hong Kong-born ‘Volcano Winemaker’ Stef Yim will share his unique wine-making journey.Lan Kwai Fong (LKF) Concepts has crafted a special cocktail, HK & Suit, for the Fair. This unique drink is available for purchase in the LKF Cocktail-Mixing Party inside the Wine Fiesta zone.Regular tickets, priced at HK$200, are available at the exhibition venue. Advance tickets, priced at $99, are available until 6pm on 8 November through: BOOKYAY, CTG, HK01, HKTVMall, HKGO, KKDay, KLOOK, PopTicket, Timable, Trip.com, Lan Kwai Fong Group, Winenow, Wai Shing Wine International CO., Ltd. and Zicket. Ticket buyers will receive a complimentary Lucaris crystal wine glass and discounts on Hong Kong Airline air tickets on a first-come, first-served basis.Website: https://www.hktdc.com/event/hkwinefair/enPhoto Download: https://bit.ly/4feFNANMore than 600 exhibitors are bringing a diverse collection of wines and spirits to the 16th Hong Kong International Wine & Spirits Fair, which opens today and runs until 9 November at the Hong Kong Convention and Exhibition Centre in Wan ChaiThe inaugural Sommeliers’ Picks has engaged renowned sommeliers (from left) Carlito Chiu, Arnaud Bardary MS and Reeze Choi, the first Chinese sommelier named second runner-up of ASI Best Sommelier of the World Contest 2023 to share their favourite wine listsA selection of wines chosen for Sommeliers’ PicksJennifer Docherty, the first ethnically Chinese and Mandarin-speaking Master of Wine, shared her expertise in a blind wine-tasting sessionThe Fair is hosting several wine prize presentation ceremonies and competitions during the Fair, including the Cathay Hong Kong International Wine and Spirit Competition 2024 Award Presentation CeremonyChinese baijiu brands, such as Guizhou Moutai, are available for tasting in the Wine Fiesta zone on the final day of the FairRenowned wine critic, wine writer and Chief Editor Lau Chi Sun, evaluated the latest spirits market trends and outlook with industry experts at a seminar organised by WineNow.HKTDC Media Room: mediaroom.hktdc.comMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Kelly ShekTel: (852) 2584 4525Email: kelly.yt.shek@hktdc.orgSnowy ChanTel: (852) 2584 4537Email: snowy.sn.chan@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - Almost everywhere you look today the use of Generative Artificial Intelligence (AI) is there. According to this year’s GoDaddy Global Entrepreneurship Survey, 94% of respondents reported that digitization has already noticeably improved the work processes in their small business. GoDaddy shares some ways that AI technology tools can help to drive increased efficiencies for small businesses. AI can be a powerful tool for small businesses, whether looking to: streamline your workflow through process automation; improve decision-making; gain a competitive advantage in your industry; provide a better customer experience; or create a beautiful professional business site easily and quickly.With its ability to automate tasks, analyze data and provide insights, AI has the potential to level the playing field. Now even smaller ventures can compete with larger companies.The applications of artificial intelligence will continue to evolve in the coming days, months and years as technology advances. But it’s important to approach it strategically and with careful thought beforehand. Here are three ways that AI could benefit your business.1. Automate time-consuming tasksBy automating repetitive and time-consuming tasks, small businesses can save time, reduce costs and increase productivity. This can lead to improved customer engagement, increased growth and better overall business performance. For example, you could use AI to automate business processes such as: data analytics, invoicing, and other administrative tasks you use in your business. It can also help reduce errors and improve the accuracy of data, leading to better decision-making.This, in turn, could help free you up to focus on your business development and driving increased customer relationships. AI can help businesses improve their customer service by automating interactions through chatbots and virtual assistants. These tools can help customers with common queries, such as product information and troubleshooting. In turn, this frees up customer service staff to deal with more complex issues. All of which can lead to shorter response times, higher customer satisfaction and increased loyalty. AI driven marketing tools, like GoDaddy Airo Digital Marketing, can help improve marketing efficiencies by automating recurring tasks like sending out email campaigns and sharing social media posts.2. Provide Better InsightsBy analyzing customer data, AI can offer insights into customer preferences and behavior, allowing businesses to tailor their emails and advertising. AI’s ability to analyze vast amounts of data is another key benefit for small businesses. It is easier to collect and analyze data from multiple sources, including social media, customer interactions and sales data, to help understand what your customers like and don’t like.For example, using AI in business can help improve operational efficiency by automating data analysis that once took hours of time. This can free you or your employees to focus on customer service or product development. Additionally, AI can help you identify potential areas for cost savings by analyzing data related to supply chain management, inventory control and production processes.3. Data-driven lead generation to reduce costsImagine training an AI tool with the traffic and behavior from your website, along with the lead data from your CRM (customer relationship management) tool and social media feeds.Such an AI tool can analyze all that data to get a better understanding of your target audience and their preferences and the messaging that can help take the actions you would like them to take. It will be able to learn and adapt with each website visitor, producing ever more effective messages to more efficiently turn a website visitor into a lead and potential customer. With the ability to learn from new inputs, such as adding in leads in your CRM, it can analyze historical data and put each lead into context, helping save costs on marketing plans.Introducing AI into your small business doesn’t have to be difficult. The key now is to educate yourself and your employees on the opportunities and the available applications of AI. Ensure that data is collected and used in a responsible and ethical manner, with appropriate security measures in place to protect sensitive data. Start small, then go from there.For more information on how GoDaddy can help your business, visit: GoDaddy's AI prompt library — the best AI prompts for small businessesAbout GoDaddyGoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy's easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.Issued on behalf of GoDaddy. For more information, contact:Fekra Communicationsinfo@fekracomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.

SELANGOR, Malaysia, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - Selayang Mall, owned by AmanahRaya Real Estate Investment Trust (REIT) and managed by Knight Frank Malaysia (“Knight Frank”), launches its inaugural Selayang Mall Environment Week 2024 as part of a bold initiative to champion environmental sustainability. The event gathered over 3,000 attendees, including families, local community groups, and eco-enthusiasts, all committed to celebrating and learning about environmental conservation.The week-long event offered interactive exhibits, live demonstrations, and educational workshops, making it a key platform for raising environmental awareness in the Selayang community. Highlights included sessions on local biodiversity, eco-friendly practices, and fun hands-on activities for all ages, which sparked meaningful discussions about safeguarding Selayang’s natural heritage.Selayang Mall donated RM16,000 worth of essential supplies to Pusat Pemulihan Dalam Komuniti in conjunction with Selayang Mall Environment Week.Supported by renowned local entities, such as the Majlis Perbandaran Selayang, Forest Research Institute Malaysia (“FRIM”), and 99 Wonderland Park, the Environment Week saw the involvement of schools, private organisations, and community advocates. Tunku Rozita Tunku Abdul Malek, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (“AKRM”), and other key figures, including Dato’ Dr Ismail Haji Parlan, Director General of FRIM, lent their presence and support, underscoring the event’s significance.Mohd Yusof Tawil, Chairman of Pusat Pemulihan Dalam Komuniti; Nazatul Syima, Head of Operation of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Tunku Rozita, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Yuen May Chee, Director of Knight Frank Malaysia; Benoit Cazin, Centre Manager of Selayang Mall; Hazwani Izzati, Marketing Manager of Selayang Mall [L-R]Benoit Cazin, Centre Manager of Selayang Mall, said, “Selayang Mall Environment Week represents our commitment to inspiring positive change. This gathering exemplifies what’s possible when our community comes together for a common cause. Our goal is not only to promote environmental protection but to also position Selayang as a must-visit location with vibrant attractions.”Beyond awareness, the initiative extended its impact through a substantial donation of RM16,000 in essential supplies to children at Pusat Pemulihan Dalam Komuniti Selayang, underlining Selayang Mall’s broader commitment to social and environmental sustainability.The success of Selayang Mall Environment Week marks a significant step for community-driven environmental action. The organisers aim to continue building momentum, creating a lasting legacy that encourages a deeper connection with nature and sustainable practices across Selayang.For media enquiries, please contact:Hazwani Izzati Khirrudin - Asst Marketing ManagerEmail: hazwani.khirrudin@my.knightfrank.comNoor Atiyya Binti MahmudEmail: nooratiyya@akrm.com.my Mandy TanEmail: m.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

THE HAGUE, NETHERLANDS, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - The Global Anti-Scam Alliance (GASA), in partnership with Feedzai, has released its 2024 Global State of Scams report, revealing that scams have stolen another staggering US $1.03 trillion globally over the past year. The report, based on insights from 58,329 respondents across the world, highlights the vast losses to scam activity but also a growing disparity between scam survivors in different regions.Educational Campaigns See Varied Results Across the GlobeDespite ongoing awareness campaigns, scams remain a constant threat. Nearly half of global consumers are targeted by scammers at least once a week. The report sheds light on the stark disparities in scam trends across different regions. While countries like Brazil, Hong Kong, and South Korea see scams as an almost daily occurrence, other nations, such as Vietnam, Saudi Arabia, and China, report a marked decrease in scam activity."Very little has changed in the last 12 months, as the world's consumers bear the weight of another US $1.03 trillion stolen by scammers," says Jorij Abraham, Managing Director of GASA. "We must do more to combat these crimes, as they continue to erode trust in our systems and cause immense harm to individuals and economies."Developed Nations Lose Most per Capita, but Developing Nations Sustain Bigger Hit to GDPThe financial losses from scams remain staggering, with the hardest-hit regions being the U.S., Denmark, and Switzerland. Victims in these countries reported some of the highest per capita losses, with the average U.S. victim losing $3,520. Yet, in developing nations like Pakistan, the losses represent a far graver concern, with scams accounting for a jaw-dropping 4.2% of the country's GDP. Countries such as Kenya and South Africa follow closely behind, with losses equivalent to 3.6% and 3.4% of GDP, respectively.While developed nations may lose more in absolute dollar amounts, the report emphasizes that developing economies often suffer more profoundly in proportion to their overall economic output, highlighting a disparity that calls for targeted interventions.Trust in the Internet Largely Unaffected Despite Scams Causing Emotional TurmoilThe emotional impact of scams cannot be understated. In nations like Kenya, South Africa, and the Philippines, victims report feeling deeply vulnerable, fearful, and disillusioned. Yet, in regions like Japan and South Korea, while the financial damage is substantial, the emotional toll seems comparatively lighter. The report also finds that the internet itself is not losing trust worldwide, though developing nations saw a decline in trust in online services.The report highlights the urgent need for global cooperation, enhanced public awareness, and stronger financial recovery processes to combat the growing threat of scams. With only 4% of global scam victims able to recover their losses, the time for decisive action is now.For more information and to access the full Global State of Scams 2024 report, please visit https://www.gasa.org/research.Contact InformationSam RogersMarketing Director, Global Anti-Scam Alliancesam.rogers@gasa.orgAustin HyslipMedia Relations Manager - US, Feedzaiaustin.hyslip@feedzai.comSOURCE: Global Anti-Scam Alliance (GASA) Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Nov 7, 2024 - (ACN Newswire via SeaPRwire.com) - The Asia Video Industry Association (AVIA) held its very first Japan focused industry event, Japan in View, on 29th October at the Andaz Tokyo, bringing together over 130 international and regional players from across the video and streaming industry.The conference opened and dove straight into the streaming potential of Japan, with Shinjiro Ninagawa, Executive Managing Director and Chief Operating Officer, TVer INC., sharing his ambitions of growing TVer to 3 times as large as it was now, with the business doubling over the next 2 – 3 years. Yu Sasamoto, CEO of Japan and Asia, DAZN, also said that Japan was still at the tipping point of the shift and transformation from traditional linear programming to digital services, and he expected more disruption from new players, with the landscape shifting significantly in the next 5 years.Sam Yousif, Vice President, AMPD Analytics (an MPA company), further expanded on the opportunities for Japan, opening his session describing Japan as “a lucrative, consistently growing multi-billion-dollar industry with a complex competitive landscape and unique customer behaviour.” In Asia (excluding China), Japan was the largest VOD market in terms of revenue with US$6B in 2024, almost two times bigger than the next biggest market, Australia. Revenue had also been growing near double digits every year in the past four years, with a CAGR of 17% from 2020 – 2024, an astounding number for a market this size. VOD consumers also had diverse options, both within and outside of the industry, with VOD only representing 6% of their free time. Japanese consumers also exhibited unique viewing behaviour not seen across other markets, including a distinct preference for local content. 78% of the total hours viewed on VOD in Japan was with Japanese content, with 93% of VOD users consuming Japanese content, and US content only at 16%. And interestingly, there was also a large, shared economy where the top titles, mostly anime, were shared across all the platforms. “With so much content shared across so many platforms, it feels more like a streaming cooperation in Japan than a streaming war,” added Louis Boswell, CEO, AVIA.However, beyond anime, panelists believed that Japan was only scratching the surface in terms of the international opportunity for the export of its content. “If the industry can turn and create content that can be appealing both for Japanese audiences and globally, it's enormous value and enormous opportunity,” said David Shin, Executive Producer, ICONIQUE PICTURES. What was key was to take the wonderful stories that were indigenous to Japan and elevate them with a high level of storytelling that could propel the industry and that content overseas, added Shin.And with the success that Korean content has had internationally, Sun Hong Min, Chief Content Officer, TVING, shared that the foremost reason behind TVING's impressive growth this year was their strategic partnership with leading content providers, that enabled them to offer a diverse arrangement of high-quality premium content that resonated deeply with their users. Min was also of the opinion that local content could resonate on a global scale by combining universal human elements with a narrative deeply rooted in local history, culture and sentiment.Partnerships was also key to growing the business for Buddy Marini, General Manager – Japan, Warner Bros. Discovery, across both linear and streaming, having recently announced a new partnership with U-Next to launch Max in Japan. For local giant J:COM, Kaz Sasajima, General Manager, Media Business Division, the digital domain too represented room for growth, particular in the space of professionally produced content. And wrapping up in the closing panel, for Alexandre Muller, Managing Director, APAC, TV5MONDE, AI was presenting new possibilities, notably in terms of providing greater access to content across multiple languages. “Definitely the place to be is in Asia Pacific, and this is really where the growth is and I can see growth both in linear and as well as on OTT,” added Muller.Japan in View is proudly sponsored by Lead Sponsor Cultural and Creative Industries Development Agency (CCIDA); Gold Sponsors Akamai, Magnite and Publica; Silver Sponsors INVIDI and TV5MONDE.Visit our media gallery for photos from event.About the Asia Video Industry AssociationThe Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.For media enquiries and additional background information, please contact:Charmaine KwanHead of Marketing and CommunicationsEmail: charmaine@avia.org | Website: www.avia.orgLinkedIn: www.linkedin.com/company/asiavideoia |Twitter: @AsiaVideoIADisclaimer: The Cultural and Creative Industries Development Agency of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.

BANGKOK, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Interroyal Engineering PCL (SET: IROYAL), a provider of engineering services and specialized products, staged an impressive debut on the Market for Alternative Investment (MAI) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future. The company is moving forward to expand its capabilities, ready to meet demand from multiple industries, and confident in its strong business foundation. IROYAL aims to grow its sustainable, environmentally friendly energy business to ensure continuous long-term growth.Mr. Panapat Mekasuwandumrong, Chief Executive Officer of Interroyal Engineering PCL (IROYAL), reported that IROYAL shares started trading on November 5, 2024, on the MAI in the services sector under the ticker symbol "IROYAL." With over 40 years of experience in the industry, the company has accumulated a wealth of knowledge, understanding, and diverse skills that meet customer needs, earning the trust of leading organizations in the country. This strong foundation is expected to make IROYAL an appealing new IPO to investors.The company plans to drive continuous growth by investing to enhance its competitive capabilities and meet service demand from various industries. It also sees opportunities to expand into technology projects, leveraging its expertise in the steps, processes, and products used in power generation to improve the current operational processes of power plants.Additionally, the company has recently expanded its customer base into more diverse industries to broaden its clientele, targeting sectors like oil refineries or petrochemical plants with combustion systems, and cement plants with flue gas management systems. It has also begun expanding its product offerings to include items used in uninterruptible power supply (UPS) systems, aimed at customers in hotels, large buildings, and hospitals—sectors that require backup power and energy systems.Ms. Prapapan Prapatpotipong, Director of Interroyal Engineering PCL (IROYAL), stated that the company plans to use funds raised from the IPO, after deducting related expenses, to grow the business and strengthen its position as a leader in innovative energy solutions. The objectives include: 1) using 280 million THB in 2024-2025 for bidding and guaranteeing performance for public sector, state enterprise, and private sector projects, which will enhance the company’s future business opportunities, and 2) allocating 78.21 million THB as working capital in 2024-2025. Additionally, IROYAL has set a dividend policy to pay shareholders at a rate of not less than 50% of net profit, after tax and reserve allocations, as stipulated by law and company regulations.The group has always emphasized research and development to maintain high product quality, sourcing from manufacturers with leading innovation and technology in production processes. These products, which meet international quality standards, come from globally recognized brands based in the United States, the United Kingdom, Germany, Switzerland, Italy, Australia, Japan, China, and Singapore, among others. As of the first half of 2024, the company’s backlog stands at 63.01 million THB, with revenue recognition expected at 28.11 million THB this year and the remainder recognized in the following year.As the lead underwriter, Ms Nalyne Viriyasathien, Managing Director of Investment Banking and Advisory at Maybank Securities (Thailand) PCL, stated that Inter Royal Engineering PCL (IROYAL) has over 40 years of experience and expertise in the industry. The company leverages its knowledge, understanding, and diverse skills set to effectively meet client needs, earning the trust of top organizations nationwide. This has resulted in a solid customer base in both the public and private sectors, domestically and internationally, within electric power and other industries. Notable clients include Hongsa Power Co., Ltd. (Hongsa Power Plant in Laos), the Electricity Generating Authority of Thailand (EGAT), TPI Polene PCL (TPIPL), and PTT Global Chemical PCL (PTTGC). IROYAL aims to maintain these customer relationships by offering maintenance and efficiency improvement services.Mr. Somsak Sirichainarumitr, CEO of Asset Pro Management Co., Ltd., as the financial advisor, noted that IROYAL is well-positioned for growth opportunities within the electrical energy and key industry sectors by providing specialized engineering products and services, while maintaining long-term relationships with clients. This positions IROYAL’s revenue growth to align with the revenue growth in the electric power sector. Additionally, the company has the potential to participate in bidding for projects in core and new sectors, supporting its long-term sustainability.Released by Public Relations Dept, MT Multimedia Co., Ltd for Interroyal Engineering PCL, or IROYALFor more information, please contact:Pipop Kongwong, T: +66 81-929-8864; E: pipop.k@mtmultimedia.com Interroyal Engineering PCLL [SET: IROYA, IROYA-R, IROYA/F] https://www.interroyalengineering.com/ Copyright 2024 ACN Newswire via SeaPRwire.com.