Companies are Failing to Keep Their Overseas Subsidiary Reporting in Good ShapeLONDON - Companies across the globe are failing to maintain the required legislative and regulatory reporting requirements for their subsidiaries, according to TMF Group, (TMF) the world’s leading independent provider of accounting and corporate secretarial services and Computershare Governance Services (CGS), the leading subsidiary governance software supplier. Coventry Continues International Expansion, Opens Hong Kong OfficeHONG KONG - - Charles Wong Named Managing Director of New Office, Latest Senior Executive to Join Coventry Team A World First - New Book: Marketing Professional Services in AsiaHONG KONG - Law and accountancy firms from the US and Europe have long considered Asia a prime market, particularly given the maturing markets of the west and the ongoing credit crisis. Unfortunately, transplanting marketing practices in Professional Service Firms (PSFs) from the west into the Asian business context is a recipe for disaster and many PSFs from Western markets have struggled in Asia or pulled out altogether. There were no resources for these firms that addressed PSF marketing in Asia, until now. India Capital Fund Announces Record Investment Gains of +44.8% for MayHONG KONG - The India Capital Fund (ICF), a long-term absolute return fund, returned 44.8% in May, net of all fees, vs. a gain of 36.5% in dollar terms for India’s Sensex index. ICF has gained 61.4% YTD, vs 56.6% for the USD Sensex. VTech Announces FY2009 Annual ResultsHONG KONG - Strong balance sheet to ride out global economic downturn — Group revenue decreased by 6.7% to US$1,448.2 million — Profit attributable to shareholders declined by 33.6% to US$143.2 million — Final dividend of US41.0 cents per ordinary share — Net cash position of US$287.2 million, as compared to US$285.4 million in the last financial year East Asian Countries Can do Much More to Reduce Project Times and Maximise ProfitsHONG KONG - Foundation Specialists Must Work Together With Authorities to Optimise Designs Optimisation of foundation designs is the surest way to dramatically reduce material usage and guarantee that new developments are delivered in a shorter timeframe at minimal cost. RMB 550 Million (US$81 Million) Strategic Investment by TPG Capital in Daphne InternationalHONG KONG - Daphne International Holdings Limited (HKSE: 210, “Daphne” or “the Company”), the owner of the “Daphne” and “Shoebox” brands and a leading retailer of ladies’ footwear in the PRC, announced today that the Company has entered into an agreement with TPG Capital (”TPG”), under which TPG will make a strategic investment in Daphne through the subscription of RMB 550 million convertible bonds with warrants. NetDragon Launches English Expansion Pack for Eudemons Online - ‘The Divine Path’HONG KONG - NetDragon Websoft Inc. (”NetDragon”), a leading online game developer and operator in the PRC (”NetDragon”, with its subsidiaries collectively know as the “Group”, stock code:777) announced the release of a new English language expansion pack, “The Divine Path”, for its fantasy online game, Eudemons Online, on May 8, 2009. The English version follows the launch of the Chinese language expansion pack (”Zhong Shen Gui Lai”) in January 2009, which features elements of Greek mythology and divine eudemons, offering a fresh experience to players, while maintaining the integrity of the original title. The launch of the English expansion pack is expected to bolster the influence of Eudemons Online in the overseas markets. TC Interconnect Announces Its Successful Shift of Focus to Multi-Layered PCBs & Expanding High End Japanese, Korean & European MarketsHONG KONG - TC Interconnect Holdings Limited (515.HK) (the “Group” / www.tatchun.com ), one of the top 10 Printed Circuit Board (”PCB”) manufacturers in Hong Kong and the PRC and listed on the Main Board of Stock Exchange of Hong Kong, announced that it shifted its focus from single-sided and double-sided PCBs to multi-layered PCBs and turnover from multi-layered products achieved a remarkable growth of 109.6% to approximately HK$329,932,000 in 2008. Face Mask That Kills Swine Flu Readied for Fight Against PandemicHONG KONG - Filligent, the Hong Kong-based biotech company, is mobilizing stocks of its anti-infective BioMask to help combat the global spread of the deadly new Mexican strain of Influenza A. The BioMask is the first medical face mask to kill the Influenza A virus within seconds of contact while retaining the breathability required by front-line workers and children, who are often the first to fall in a contagious episode. “Humanitarian organizations and governments are on the front line of containing infection, especially among children,” says CEO Melissa Mowbray-d’Arbela. “We’re allocating our resources to respond to their needs. The BioMask was designed specifically for situations like this.” Consumers Rank Wireless Power Charging in Top 20% of Lifestyle Demands According to Market ResearchHONG KONG - Wireless Power Consortium pursues universal wireless power to fulfill consumer need NetDragon Launches Open Beta Testing for The Warlords in North AmericaHONG KONG - NetDragon Websoft Inc., a leading game developer and operator in the PRC (”NetDragon” with its subsidiaries collectively known as the “Group”, stock code: 777) announced that The Warlords, the English version of Tou Ming Zhuang Online, entered its open beta testing on April 24. The Warlords is a 2.5 D MMORPG game jointly created by NetDragon and China Film Group, sharing the same story as the film titled The Warlords. It exhibits traditional Chinese martial arts through complicated stories set in the late Qing Dynasty. Blades Announce Sponsorship Deal of the Hong Kong FA CupLONDON - Sheffield United has today confirmed a groundbreaking sponsorship deal with the Hong Kong Football Association (HKFA) that will see the 2008/2009 Hong Kong FA Cup titled ‘the Sheffield United FA Cup’. Sheffield United’s agreement with the HKFA has been announced in partnership with the Chengdu Blades Football Club in China. Hong Kong Resident Wins Ride with F1(TM) Legend Michael SchumacherHONG KONG - Schumacher ultimate “Designated Driver” With Winner of Bacardi Ltd’s “Champions Drink Responsibly” Contest The Bank of New York Mellon Creates New Sovereign Advisory BoardHONG KONG and DUBAI, United Arab Emirates - The Bank of New York Mellon, a global leader in asset |
