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ABC International is Giving Redsun Properties “Buy” Rating with Target Price at HK$3.8

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HONG KONG, Jan 18, 2021 – (ACN Newswire) – Redsun Properties Group Limited (“Redsun Properties”, or the “Group”, stock code: 1996) a leading comprehensive property developer in Mainland China has been given a “Buy” rating by ABC International, with a target price of HK$3.8 backed by its impressive sales and steady rental.

Driven by favorable geographic exposure to Yangtze River Delta region (“YRD”), Redsun Properties’ contracted sales rose from RMB 25.7 billion in 2017 to RMB 86.5 billion in 2020, implying a CAGR of 50%. In 1H20, YRD accounts for 77% of the total contracted sales amount. As of June 2020, the Group had a landbank GFA of 18.37mn sqm, of which 55%, 18% and 27% of the landbank is located in Jiangsu, YRD ex. Jiangsu (mainly Zhejiang and Anhui), and other key cities in China.

ABC International believes that the “Property+ Commercial” model of Redsun Properties enhances the chances of acquiring land at a low cost. While developing residential properties, the Group also operates a range of commercial properties that include shopping malls, amusement parks, community entertainment centers, hotels and office buildings. Most of these commercial property buildings are adjacent to the Group’s residential property projects, providing ancillary services for residents and supporting prices of the residential property projects. For example, the average land cost of the Anqing Commercial and Residential Complex was RMB1,846/sqm with an expected gross profit margin of no less than 30%.

ABC International also believes that the Group has a strong recurring income. As of June 2020, the Group operated three Hong Yang Plazas located in Nanjing in Jiangsu, Changzhou in Jiangsu, and Yantai in Shandong, respectively. Among the 11 malls to commence operation after 2020, three are asset-heavy while the rest are developed under the asset-light model. The Group targets to open the three asset-heavy malls in 2022-23. Driven by the rising rent rates, the Group’s rental revenue increased at 57% CAGR from RMB166 million in 2017 to RMB411 million in 2019, and grew 14% YoY to RMB213mn in 1H20.

About Redsun Properties Group Limited (“Redsun Properties”) (stock code: 1996)
Redsun Properties Group Limited (“Redsun Properties” or “The Group”) is a leading comprehensive developer in China, focusing on the development of residential properties and the development, operation and management of commercial and comprehensive properties. The Group has established a steady regional leading position in Jiangsu Province by taking root in Nanjing, Jiangsu and Yangtze River Delta. Since the incorporation of Nanjing Redsun in 1999, Redsun Properties has worked in the sector of property development and sales for 20 years, established the

Hong Yang brand and received widespread recognition for the development capacity and industry position.
While developing residential properties, Redsun Properties also operates commercial complexes covering shopping malls, amusement parks and community centers, hotels and office buildings. Most of the commercial property buildings are adjacent to the Group’s residential property projects, providing ancillary services for the residents and also increasing the value of the Group’s residential property projects.

Redsun Properties is a constituent of the MSCI China Small Cap Index, Hang Seng Composite Index and Hang Seng Stock Connect Hong Kong Index.



Topic: Press release summary
Sectors: Daily Finance, Daily News

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From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Source: http://www.acnnewswire.com/press-release/english/63975/

ACN Newswire

UREEQA Welcomes Dean Drever, a Sculptor Who Has Produced Multi-Million Dollar Works of Art

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HK / ONTARIO CA, Mar 6, 2021 – (ACN Newswire) – You may recognize the work of the newest addition to the UREEQA Collection of Pledged Assets if you tuned in to the 2010 Vancouver Olympics, or if you’ve ever visited Edmonton’s famed Epcor Tower.

Dean Drever

Dean Drever is an acclaimed Canadian sculptor whose minimalist and abstract work can be enjoyed at famous landmarks throughout the country, including Toronto’s Union Station and the Toronto Sculpture Garden.

Drever is a particularly exciting addition to the UREEQA Collection of Pledged Assets, as he is the first artist working in a physical art medium that we are welcoming to the platform. We are pleased that Drever’s pledged work can help illustrate the versatility of the UREEQA platform to protect artists from a variety of backgrounds and mediums.

As a Creator, Drever’s primary reason for joining the UREEQA platform is to protect his work throughout its many iterations and during the development process. This is one of the many challenges that Creators like Drever face, and a real life example of a problem that UREEQA can solve.

A creation starts as an idea, that idea is yours, and it deserves protection.

This is incredibly important to us and is at the forefront of our minds as we develop, launch and grow the platform. UREEQA will help alleviate the fear of bringing an idea to fruition, just for it to be stolen.

Although Drever’s work often ends up in physical form, it begins as an idea, and that idea can still be protected by the power of the Ethereum blockchain. Whether works are digital or physical, the Creator will be able to utilize the UREEQA platform to validate and protect their work. Though we may be seen as a blockchain company, we are utilizing this technology in a real-world application to empower Creators.

If you visit Drever’s YouTube page, you can see his creations come to life – from ideas to massive realities, and it’s easy to understand why he would want protection. For his Bear with Salmon sculpture at Edmonton’s Epcor Tower, Dean first designed the bear with illustrations – much like an architect would a building. The bear was then cast and assembled in a foundry in New York. Finally, the two-tonne sculpture was driven across the continent to Edmonton, Alberta. One could understand the many points along the creative way at which Drever’s work could be compromised.

Once a piece of creative work is hashed to the Ethereum blockchain through UREEQA, it is timestamped, giving proof of WHEN a Creator’s ownership was claimed. This means that as soon as you have an idea, you can stake your claim to your rights. A package of proof can then be built by our team of Validators through our Validation process.

We want to ensure that no idea goes unseen for fear of it being stolen, before it can even be realized by the original Creator. UREEQA will protect work from the smallest idea to the largest creations, including two-tonne sculptures.

Dean also looks forward to the social aspect of UREEQA. It will allow Creators, like Drever, to confidently share their work with fans and art lovers all over the globe, without the fear of it being stolen and having no recourse.

In this way, the UREEQA platform will be an empowering and inspiring place to share creativity. After all, our love of various forms of creative works is the one thing that binds us together as global citizens.

About Dean Drever
Dean Drever is a Canadian sculptor whose abstract, minimalist work is featured throughout Canada. Dean studied at the Alberta College of Art and Design in Calgary, Alberta and currently creates art out of his studio in Toronto, Ontario. His most noted work is Pass the Hat (paper), which is a totem pole made up of nothing more than nearly 11,000 sheets of paper.

You can discover more about Dean Drever and his body of work here:
Website: http://www.deandreverstudio.com/index.html
Instagram: https://www.instagram.com/deandreverstudio
YouTube: https://www.youtube.com/channel/UC0dgAbgj4ktt-ZEhMVI9stg

About UREEQA
The UREEQA platform harnesses the power of blockchain technology and the blockchain community to empower creators to protect, manage, and monetize their work. Established in Canada in 2020, UREEQA will modernize the inefficient and bureaucratic systems currently in place for copyright, patent, industrial design and trademark protection. UREEQA provides value and opportunities for its Creators, Validators and Tokenholders via URQA, the token at the heart of the UREEQA ecosystem.

For more information on UREEQA and upcoming announcements please visit our website UREEQA (https://www.ureeqa.com/), join our Telegram channel (https://t.me/UREEQA), and follow us on Twitter (https://twitter.com/UREEQA_Inc).



Topic: Press release summary
Sectors: Daily Finance, Design & Art, FinTech & Blockchain, Banking & Insurance, Legal & Compliance


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ACN Newswire

Moonstake Partners with P2P Escrow Service Escaroo

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SINGAPORE, Mar 5, 2021 – (ACN Newswire) – Today, Moonstake announces its partnership with Escaroo, a keyless blockchain-based peer-to-peer escrow service that offers an advanced smart contract solution for high profile individual and commercial clients within the real-estate, aviation and marine space.

Through this strategic collaboration, Moonstake will help enable staking functionality for Escaroo escrow platform, providing its users a new way to control and earn with their cryptocurrencies. As a leading staking pool platform with a strong lineup of supported digital assets and hundreds of millions assets staked, Moonstake is thrilled to support yet another esteemed institution in the industry, accelerating the connection of staking to decentralized finance. Escaroo users will soon be able to earn passive income from staking within the Cardano and Tezos ecosystems.

With the goal to help people safely create and manage crypto transactions, Escaroo utilizes its proprietary, US-patented smart contracts to facilitate transactions where funds are only released when all parties are in agreement. This allows Escaroo users to maintain funds securely within a unique individually created smart contract that is irreversible once posted to the blockchain and can only be accessed by the parties involved. Transactions are hosted on a public blockchain so one, not even Escaroo, has the ability to access funds outside of the terms set by the parties involved, putting the control of funds back into the users hands.

Lawrence Lin, CEO of Moonstake comments on the partnership: “Investors, especially in the crypto space, are always looking for security and profitability without compromising their own convenience. We are happy to help Escaroo enable staking on their esteemed escrow platform so that Escaroo users not only can enjoy secure transactions but also earn from their idle funds on the DeFi platform of their choice. With a wide selection of PoS coins and attractive yield rates from our high-quality staking pools, we are confident that users will be pleased with their staking experience on Escaroo powered by Moonstake. By partnering with an esteemed institution, Moonstake is going strong on our journey to accelerate the growth of staking.”

“Adding staking to our platform is a natural progression for Escaroo, as it empowers our clients to put their money to work for them. They can now earn a percentage on everything they stake, thus creating a passive income stream on their investments. Being able to partner with Moonstake to bring this vision to fruition was a no brainer. With over $800 Million in assets currently being staked, it is clear Moonstake understands what’s needed to succeed in this extremely competitive world of Decentralized Finance. We are excited to be at the forefront of this brave new world of finance with them,” said Frank Pira, Founder and CEO of Escaroo.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Listed company. Industry’s reputed advisors, such as Lisk and Centrality support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/

About Escaroo

Escaroo is the safest Bitcoin and cryptocurrency escrow payment service in the world. Buy or sell anything with confidence knowing your funds are secure when using our decentralized peer-to-peer platform for personal, small business, commercial or letter-of-credit transactions. https://escaroo.com/



Topic: Press release summary
Sectors: FX & Digital Currencies


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From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: http://www.acnnewswire.com/press-release/english/64957/

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ACN Newswire

Moonstake Partners with P2P Escrow Service Escaroo

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SINGAPORE, Mar 5, 2021 – (ACN Newswire) – Today, Moonstake announces its partnership with Escaroo, a keyless blockchain-based peer-to-peer escrow service that offers an advanced smart contract solution for high profile individual and commercial clients within the real-estate, aviation and marine space.

Through this strategic collaboration, Moonstake will help enable staking functionality for Escaroo escrow platform, providing its users a new way to control and earn with their cryptocurrencies. As a leading staking pool platform with a strong lineup of supported digital assets and hundreds of millions assets staked, Moonstake is thrilled to support yet another esteemed institution in the industry, accelerating the connection of staking to decentralized finance. Escaroo users will soon be able to earn passive income from staking within the Cardano and Tezos ecosystems.

With the goal to help people safely create and manage crypto transactions, Escaroo utilizes its proprietary, US-patented smart contracts to facilitate transactions where funds are only released when all parties are in agreement. This allows Escaroo users to maintain funds securely within a unique individually created smart contract that is irreversible once posted to the blockchain and can only be accessed by the parties involved. Transactions are hosted on a public blockchain so one, not even Escaroo, has the ability to access funds outside of the terms set by the parties involved, putting the control of funds back into the users hands.

Lawrence Lin, CEO of Moonstake comments on the partnership: “Investors, especially in the crypto space, are always looking for security and profitability without compromising their own convenience. We are happy to help Escaroo enable staking on their esteemed escrow platform so that Escaroo users not only can enjoy secure transactions but also earn from their idle funds on the DeFi platform of their choice. With a wide selection of PoS coins and attractive yield rates from our high-quality staking pools, we are confident that users will be pleased with their staking experience on Escaroo powered by Moonstake. By partnering with an esteemed institution, Moonstake is going strong on our journey to accelerate the growth of staking.”

“Adding staking to our platform is a natural progression for Escaroo, as it empowers our clients to put their money to work for them. They can now earn a percentage on everything they stake, thus creating a passive income stream on their investments. Being able to partner with Moonstake to bring this vision to fruition was a no brainer. With over $800 Million in assets currently being staked, it is clear Moonstake understands what’s needed to succeed in this extremely competitive world of Decentralized Finance. We are excited to be at the forefront of this brave new world of finance with them,” said Frank Pira, Founder and CEO of Escaroo.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Listed company. Industry’s reputed advisors, such as Lisk and Centrality support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/

About Escaroo

Escaroo is the safest Bitcoin and cryptocurrency escrow payment service in the world. Buy or sell anything with confidence knowing your funds are secure when using our decentralized peer-to-peer platform for personal, small business, commercial or letter-of-credit transactions. https://escaroo.com/



Topic: Press release summary
Sectors: FX & Digital Currencies


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From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: http://www.acnnewswire.com/press-release/english/64957/

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ACN Newswire

CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe

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Friday, 5 March 2021, 08:17 HKT/SGT
    
Source: CoinSmart

ONTARIO, CA, Mar 5, 2021 – (ACN Newswire) – Canada-based cryptocurrency exchange CoinSmart has announced the closing of a CAD$4.5 million (roughly US$3.5 million) seed funding round and extensive plans to expand into Europe.

CoinSmart, owned by Simply Digital Technologies, told CoinDesk in a statement Monday the investment was raised earlier this year through the issuance of interest-bearing convertible debentures, a type of debt instrument. Investors in the round were not disclosed.

The funding will be used to expand CoinSmart’s platform into European markets and support operational changes. It will also help Simply Digital Technologies prepare for a planned reverse takeover ahead of a hoped-for public listing on the TSX Venture Exchange, said the firm.

Enabling its European expansion, CoinSmart said it has obtained a Financial Intelligence Unit license issued in Estonia. “CoinSmart’s fundamental mission is to make cryptocurrency accessible for people of all experience levels,” said CoinSmart CEO Justin Hartzman. “We’re excited about the ways in which crypto can help streamline payments within Europe’s financial system and subsequently better serve and protect our customers.”

Coinsmart (bit.ly/38b7IkQ): Justin Hartzman CEO (https://www.coinsmart.com)
Source: Plato Data Intelligence (Zephyrnet.com)



Topic: Press release summary
Sectors: FinTech & Blockchain


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From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: http://www.acnnewswire.com/press-release/english/64949/

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