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JTOWER and DOCOMO Agreed to the Master Transaction Agreement for Infra-Sharing of Existing Telecommunications Towers
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Aims of both companies
JTOWER positions the purchase of existing telecommunications towers owned by telecommunications companies and the promotion of Infra-Sharing by attracting new tenants to these towers (carve-out) to be one of the key growth strategies. The Transaction will greatly expand its business foundation as a tower sharing operator.
DOCOMO is working to build an economical 5G network by promoting Infra-Sharing and the Transaction will enable further streamlining of network operations.
Future Initiatives
The companies plan to make the transfer of the towers where conditions have been met and JTOWER will strengthen its efforts to attract new tenants, such as telecommunications companies, including mobile network operators. Through these efforts, both companies aim to realize more efficient capital investments and operating expenses for the tenants of these towers and promote the early deployment of 5G network. Furthermore, the companies will contribute to the realization of a sustainable society by reducing environmental impact through the effective use of existing infrastructure.
JTOWER and DOCOMO will continue to strengthen collaboration in the field of Infra-Sharing and work to resolve social issues that contribute to the telecommunications industry.
About JTOWER
JTOWER Inc. was founded in June 2012 as the first Infra-Sharing company in Japan. Centered on indoor Infra-Sharing solutions that consolidate the mobile networks inside the building, we provide a wide range of services including 5G that contribute to the future. https://en.jtower.co.jp/
About NTT DOCOMO
NTT DOCOMO, Japan's leading mobile operator with over 83 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. https://www.docomo.ne.jp/english/.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comJTOWER Inc. and NTT DOCOMO, INC. have announced today that the companies have decided to enter into the master transaction agreement with the aim of promoting Infra-Sharing of DOCOMO's existing towers.
Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’
On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. The company’s senior product manager Rupmalini Sahu mentioned that cardano is one of the top ten crypto assets by market cap and its proof-of-stake (PoS) blockchain “seeks to be more flexible, sustainable, and scalable.” Coinbase Now Offers Cardano Staking…
The post Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’ appeared first on Bitcoin News Miner.
Toyobo and MC Agree to Establish New Joint Venture in Functional Materials
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Background and Aims of this Joint Venture
Business environments have been changing quite dramatically in recent years, as evidenced by global moves to decarbonize and expedite the development of new technologies. These changes are driving up demand for functional materials and resulting in a significant restructuring of the related industries, and both Toyobo and MC are committed to capturing opportunities that may arise. Over the last two years, we have been pursuing strategic, cross-industry collaborations to ensure the sustainable growth and development of our operations, and our agreement signed today, on 24th March 2022, represents our latest venture together. Toyobo and MC share similar corporate values. We are both dedicated to addressing challenges faced by modern communities and helping to realize a sustainable society, and we are pleased that working together in functional materials will afford us another opportunity to do so.
Our new joint venture company shall inherit Toyobo's functional materials business(2), and by combining our companies' respective strengths, it shall endeavor to achieve two aims. The first of those aims is to grow our presence in global markets, and the second is to provide customers with solutions that meet the evolving needs of the industry, which are growing increasingly diverse and sophisticated by the day. Together, we are confident that we can achieve both of these aims, as MC's broad industry know-how and network promise to be the perfect complement to Toyobo's technological expertise.
Post-establishment Work
(Laying of Robust Management Foundation)
By combining Toyobo's business foundations with MC's management expertise and functions, our new joint venture company shall strive to offer high value-added solutions to its customers. Immediately following its establishment, work shall commence to lay down a firm-yet-flexible management foundation that is capable of adapting swiftly to the dynamically changing business environment.
(Creation of Business Opportunities in New Growth Regions and Fields)
Another of our objectives in establishing this new company is to leverage MC's network to facilitate the global expansion of Toyobo's materials and technologies. Furthermore, by marrying work to meet that objective with efforts dedicated to decarbonization and the achievement of the UN's sustainable development goals, our new company shall pave the way forward for future collaborations between Toyobo and MC. We look forward to facilitating our construction of new business models that extend beyond functional materials, discussions on global alliances, and other ways to ensure the sustainable growth and development of our operations.
(1) MC will invest in the new company following its acquisition of certain Toyobo operations through an absorption-type demerger.
(2) Business related to planning, development, manufacturing and sales of functional materials in Japan and overseas (Business related to Polymerization Development, VYLON and HARDLEN, Photo Functional Materials, Fine Chemicals, Engineering Plastics, Water Treatment Membranes, Environment Solution Devices, Activated Carbon Products, Activated Carbon Filters, Spunbond Nonwoven Fabrics, Lifestyle Materials, High-Performance Fibers), and ancillary operations will be inherited by the new joint venture company.
For more information, visit https://www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000048902.html.
Contact:
Toyobo Co., Ltd.: Public Relations Group, Corporate Communication Department: +81-6-6348-4210
Mitsubishi Corporation: Corporate Communications Dept., Press Relations Team: +81-3-3210-2171
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comToyobo Co., Ltd. (Toyobo) and Mitsubishi Corporation (MC) are pleased to announce our agreement to establish a new joint venture company that will specialize in the planning, development, manufacturing and sales of functional materials.
VCREDIT Announces a Final Dividend of HK15 cents
During the Year, the Group's total income increased significantly by 34.4% year-on-year to RMB3,458 million (2020: RMB2,573 million). The Group successfully achieved a turnaround, with net profit of RMB1,179 million (2020: net loss of RMB870 million). The Group is committed to creating sustainable investment returns for its shareholders, sharing the fruits of success in its operations. Therefore, following the declaration of dividend for the first time during its interim results, the Board has recommended a final dividend of HK15 cents per share for the Year. Together with the interim dividend and special dividend totalling HK20 cents per share already paid out, the full year dividend was HK35 per share.
Although the COVID-19 pandemic and evolving macro-economic environment brought challenges and uncertainties, VCREDIT delivered an outstanding operating performance and promising financial results during the Year driven by its technology-focused risk management and dynamic operational strategies. As a result of the recovery of the macro economy in China, the loan origination volume achieved significant growth, coupled with the Group's strategies in migrating to a higher-quality borrower and borrower acquisition model, the Group successfully improved its overall asset quality, leading to a significant increase in loan facilitation service fees by 115.9% to RMB1,540 million. The interest income amounted to RMB1,972 million, remained at a stable level as compared to the previous year.
The Group primarily offers two credit products through its pure online loan origination processes, including credit cards balance transfer products and consumption credit products, both of which are installment-based. For the Year, the total number of transactions was 3.4 million. The average term of the Group's credit products was approximately 9.4 months and the average loan size was approximately RMB11,965. The Group constantly adjusted its risk management and credit policies to maintain a prudent risk approach and efficiency of operations, so as to deliver outstanding business growth and a controllable credit risk performance.
Both quantity and quality of the customer base witnessed remarkable growth
As a result of its proactive management, enhanced communication channels, focused marketing and higher profile brand recognition, the Group successfully expanded its user base. The number of registered users of VCREDIT reached the level of "over 100 million" and increased to 112.5 million during the Year, which also led to a significant increase in its loan facilitation volume. Meanwhile, with the application of big data customer acquisition models driven by artificial intelligence, the Group improved its operational efficiency and enhanced the target customer identification and market penetration. In addition, the Group continued to refine its online APPs and system to enhance customer experience, which has improved the loyalty and retention rate of customers. Benefitting from this, the Group has successfully transitioned its customer base towards higher quality near-prime and prime borrowers, resulting in a significant improvement in its delinquency levels.
Optimising risk management to enhance asset quality
The Group places great emphasis on technology-focused risk management, iterating its credit risk models through the introduction of multi-dimension data sources, deep analytics of credit risk performance, and sophisticated testing. The Group also constantly adjusted its risk management and credit policies to maintain a prudent risk approach and efficiency of operations to deliver outstanding business growth and a controllable credit risk performance. In addition, the Group's credit risk management capability enables it to maintain its core competitiveness and well positions it to sustain healthy business growth and defend macroeconomic uncertainties. During the Year, through adjusting policy timely and optimising risk models, the Group managed to maintain its first payment delinquency ratio at an industry-wide low level of around 0.42%, which is conducive to improving the Group's asset quality.
Win-win collaboration and close partnership with funding partners
To support the rapid and sustainable development of its businesses, the Group worked closely with 69 external funding partners during the Year, including nationwide joint-stock commercial banks, consumer finance companies and trusts, that constituted a diverse and affluent funding pool. These long-term and stable collaborative relationships have allowed the Group to improve its funding costs. Furthermore, the Group's guarantee companies, third-party guarantee companies and asset management companies form an ecosystem that ensures the Group's funding flexibility and provides protection to its funding partners.
Outlook
Looking ahead, to create sustainable investment returns for its shareholders, the Group will seek to provide shareholders with regular dividends with a normal target payout ratio of between 20% to 30% of the Group's audited consolidated net profits each year, subject however to factors that the Board deems relevant namely the Group's financial results, available distributable reserves and cash position, etc.
At the same time, in order to contribute to further growth in its consumer finance business and fulfilling the financial needs of high-quality customers, the Group will strive to proactively hone its business strategies and upscale its technology, in order to better serve its customers to improve brand recognition. While enhancing risk management capability through ceaselessly evolving technology and artificial intelligence, the Group will strengthen regulated and long-term collaborations with licensed financial institutional partners and other business partners, in hopes of building a wide moat for business development. In addition to growing its existing consumer finance operation organically, the Group will also seek to expand and diversify its business through actively identifying suitable investment and acquisition targets, thus maintaining its competitiveness in an ever-changing macro environment.
About VCREDIT Holdings Limited (2003.HK)
VCREDIT Holdings Limited ("VCREDIT") is a leading player in China's consumer finance industry with over 10 years of track record. The Group caters to prime and near-prime borrowers underserved by traditional financial institutions by offering online consumption products. To match the funding needs for these products, the Group primarily engages institutional funding partners through three types of sustainable and scalable funding structures: trust lending, credit-enhanced loan facilitation and pure loan facilitation. Through such funding structures, VCREDIT provides institutional funding partners with solutions at varying levels of risk discretion and flexible profit-sharing arrangements.
Website: http://www.vcredit.com/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comVCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year").
MHIET Launches MGS-R Series, New Standby Generator Set
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The MGS-R Series is the first upgrade to MHIET's diesel generator set lineup in over two decades following the MGS-B models introduced in the year 2000. The new series features 21 models that cover all rating categories(2). Some of the models were released in November 2021 and remaining models will be introduced in sequence by the end of 2022. The new series provides outputs ranging from 500 to 2,750 kVA for 50Hz, and 460 to 2,000 kVA for 60Hz for standby offerings. With the recent modifications to turbocharger specifications and improvement on fuel system and exhaust system to the engine, all models in the series boasts 10-second start. Newly adopting MHIET-made compact and high-power 12-cylinder engine on the 1,500kVA rating for 50Hz, the best-seller in the offerings, has made its installation area the smallest-in-class. Furthermore, overhaul interval has been extended to more than double by examining how generator sets are operated at sites.
All models in the MGS-R series are compliant with the two leading industry standards: the ISO's Class G3, the organization's highest standard for generator sets; and the standards of National Fire Protection Association of the United States. They also satisfy Tier 3 and Tier 4 standards by the Uptime Institute, a private sector organization that certifies the reliability and overall performance of data centers. These days more and more data center operators require high levels of quality compliance with various industry standards.
"At a time when reliable power is increasingly critical for commercial facilities such as data centers, we are pleased to announce that we have launched this new MGS-R Series.," said Ichiro Ichihashi, Senior General Manager, Engine & Energy Division of MHIET. "Many generator sets manufacturers purchase engines from suppliers, but we manufacture engines ourselves as well as generator sets. I believe this is our strength and our value. I am confident of the reliability and dependability of our generator sets that have sold 12,000 units worldwide." The MGS Series will be assembled at Mitsubishi Heavy Industries Engine System Asia Pte. Ltd. (MHIES-A), MHIET-owned subsidiary in Singapore. MHIET will continue expanding our MGS Series to meet the growing energy needs of customers in various industries including mission-critical applications.
(1) Learn more on Youtube:
https://youtu.be/0IbPH_peSfM
(2) "Ratings" refers to the operating conditions of generator sets as defined by the International Organization for Standardization (ISO). There are different ratings such as standby and prime depending on the required operation including operating time and size of the load to accept. A generator set's output can vary according to its rating.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a part of the Mitsubishi Heavy Industries (MHI) Group, launched a new MGS-R Series of diesel generator sets.
Kronos DAO Announces Public Sale Date
Rome, Italy, Mar 24, 2022 - (ACN Newswire) - Kronos DAO, the next evolution of reserve currency protocol, has announced its public sale date. Scheduled for March 28th, 2022, the public sale will be a good opportunity for prospective token holders to participate in the project. In addition to a public token sale, Kronos DAO has slated April 8, 2022, as its partnership date with CORENODE.
In anticipation of the public sale, Kronos DAO has garnered over $540k.
Kronos DAO introduces a Future Fund facet that will see the next-generation DAO reserve protocol invest 15% of profits in its treasury in emerging start-ups in the blockchain space. Through Future Fund, Kronos DAO will hope to accelerate the growth of these nascent start-ups, ergo transforming the DAO protocol into an on-chain venture capital firm.
Kronos DAO is committed to generating interest in investments for investors by building, incubating, and investing in start-ups at their early stages.
The $KRONOS Token
Kronos DAO has launched a native token, $KRONOS. The token will govern the DAO project - -acting as a governance token for making and implementing significant decisions on the ecosystem. $KRONOS has launched on Binance Smart Chain [BSC]. It is also available for exchange and swap on PancakeSwap. Currently, talks are underway to expand it to cross-chains in the coming months.
A total of 10 million $KRONOS, Kronos DAO has set aside 40% for the public sale as it seeks to build its treasury.
Kronos DAO will offer token holders a sustainable passive income source for staking $KRONOS on its staking platform. Through auto-compounding, Kronos DAO will reward token holders with $KRONOS.
The DHP (Diamond Hands Protocol) will allow community members to earn $KRONOS on the staked amounts according to different reward levels. Members will receive enhanced tips once Diamond Hands Protocol is activated. The corresponding bonus level, eventually reached, will be applied to each single staked amount.
Kronos DAO incorporates an additional earning opportunity for community members: the Diamond Hands Node (DHN). This program of 3 days to 30 days reward accumulation time. will allow community members to earn an extra profit of $KRONOS to add to the rewards when you claim them in relation to the bonus level reached.
An Ambitious Roadmap
The Kronos DAO team has planned out a strategic, ambitious, and feasible project roadmap. Split into five phases - each scheduled for completion in a month - Kronos DAO will, after the public sale, hire Cyberscope and Certik to audit its smart contract. Furthermore, Kronos DAO will hope to have its token, $KRONOS, listed on CoinMarketCap and CoinGecko - two leading crypto analytics websites.
An Open NFT Kronos DAO whitelist will also take place.
About Kronos DAO
The next evolution of a reserve protocol, Kronos DAO, is a project that aims at generating enormous returns for investors through the building, incubating, and investing in crypto start-ups in their embryonic stages. Kronos DAO has introduced a suite of modern features as it seeks to accelerate the growth of emerging start-ups while rewarding users for committing their tokens to the platform.
Public Sale
KronosDAO: https://bsc.kronosdao.ai
Pinksale: https://www.pinksale.finance
Social Links
Telegram: https://t.me/KRONOS_community
Twitter: https://twitter.com/dao_kronos
GitHub: https://github.com/Kronos-DaoDefi
Discord: https://discord.com/invite/CrUeCMBPFp
Medium: https://medium.com/@kronos_dao
Media Contact
Brand: Kronos DAO
Contact: Tommy
Email: admin@kronosdao.ai
Website: https://kronosdao.ai
SOURCE: Kronos DAO
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
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