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China Renaissance commences Share Repurchase Plan

Zoltán Tűndik

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The plan is intended to optimize the Company’s capital structure, enhance earnings per share and overall shareholder return

The Company’s Chairman and CEO and other management and investor interests have purchased additional shares on the open market

China Renaissance Group (“China Renaissance” or the “Company”) has begun implementing its recently announced share repurchase plan that authorizes up to HK$400,000,000 in funds for the repurchase, subject to applicable rules and regulations. Separately, Fan Bao, the Company’s Chairman and Chief Executive Officer, and CR Partners, the Company’s controlling shareholder which represents certain management interests, have purchased an additional 575,000 shares combined on the open market during the first three days of trading since commencement of the repurchase plan.

The Company’s share repurchases commenced on 26 October shortly after the board (“Board”) of directors announced its intention to exercise its power to repurchase shares of the Company (“Repurchase Mandate”) on the open market from the date of the announcement to the conclusion of the Company’s next annual general meeting, at which point the mandate will expire.

Also, one of China Renaissance’s early investors has acquired additional shares on the open market.

In a statement filed with The Stock Exchange of Hong Kong, the Company said: “The Share Repurchase Plan reflects the confidence of the Board and the management team in the long-term strategy and growth of the Company. Moreover, the Company believes that actively managing the capital structure and implementing the Share Repurchase Plan will optimize the Company’s capital structure, enhance earnings per share and overall shareholder return. The Board considers that the Share Repurchase Plan is in the best interest of the Company and its Shareholders as a whole.”

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Fintech

Technology Association of Georgia Names Brightwell 2019 FinTech ADVANCE Award Winner

Vlad Poptamas

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Brightwell Payments, Inc., a FinTech company that helps global workers get paid as well as send and spend money safely and easily worldwide, announced today the Technology Association of Georgia (TAG), the foremost organization devoted to the advancement of Georgia’s technology industry, has selected Brightwell as a 2019 TAG FinTech ADVANCE Award winner. Brightwell is among six companies with proven innovative fintech solutions selected to receive this year’s award and will be recognized on stage during the FinTech South conference April 22 – 23, 2019 in Atlanta.

In addition to the FinTech ADVANCE award, Brightwell was recently recognized by the Atlanta Business Chronicle as one of Georgia’s 25 Largest FinTech Companies and by the Atlanta Journal-Constitution as one of the city’s 2019 Top Workplaces.

“We are passionate about improving the lives of global workers by giving them a safe and easy way to manage, save and send money while working away from home — a level of financial freedom that was previously unobtainable,” said Mike Gaburo, CEO of Brightwell. “The FinTech ADVANCE award and other recent honors are a testament to our commitment to innovation that solves real problems for our customers and end users. My hat goes off to our diverse, passionate and dynamic team. We have more than tripled the size of our company over the past three years and look forward to continuing to grow and serve new markets.”

 

SOURCE Brightwell

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Fintech

Banks Learn How to Tap Sustainable Profit From The Gold Rush In Transaction Banking

Vlad Poptamas

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Photo source: en.finance.sia-partners.com
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Intellect Global Transaction Banking (iGTB), part of Intellect Design Arena, the fastest growing financial tech product company with a CAGR of more than 21% over three years, today announced that its fifth iGTB Oxford School of Transaction Banking proved a phenomenal success with overwhelmingly positive feedback, an unprecedented NPS score of 94.4% and an average 4.6/5 session rating. 67% of the participants (2 in every 3) giving the maximum 10/10 for recommending this course is testament to the recognition the Oxford School now has as the benchmark corporate course on global transaction banking for banking leaders.This senior, by-invitation school, with a curriculum including maturity levels and design thinking set by Andrew England, Strategy Director, iGTB, attracted a cohort of senior bankers from 21 banks worldwide, who join the existing community of now over 175 alumni.

In the words of the participants:

Delighted to join Andrew England and iGTB in Oxford to open their Transaction Banking course. It’s important to design this business well because the best transaction businesses adopt leading edge technology and work with the top partners in the market to power the earnings of their banks.” Ann Cairns, Executive Vice Chairman, Mastercard

It was amazing, it far exceeded my expectations…this was an amazing introduction.  I got to see some of the world’s leaders in transaction banking speak.  Someone like Andrew – to teach transaction banking in three days – almost impossible!” Vipul Lalka, VP Enterprise Payments Platform & Capabilities, TD Bank.

Inspirational and insightful speakers…excellent content that is extremely engaging and real world applicable.” Holly Caetano Alves de CastroHead of Commercial Operations, Investec.

I learned that there is elegance in simplicity in TB and I found that the group activities were an excellent way of drawing in different experiences…we could tackle a particular problem in perhaps a unique way that not any of us individually would have discovered on our own.” JD Penner, Senior Director, Cash Management and Payment Solutions, Commercial Solutions, CIBC.

It was a wonderful experience; I learnt a lot and met many interesting people. Thank you!” Henrik Lang, Managing Director, Head of Liquidity, Global Transaction Services, EMEA, Bank of America Merrill Lynch.

The School is one of the most unbelievable experiences of any banker’s life!  It takes us to new heights, it stretches our creativity and it definitely makes us think differently.”Mirka SkrzypczakHead of Working Capital & Trade Products, NatWest.

Power of networking, before everything else, probably the best training I’ve ever been on.” Katarzyna BajerowskaPresident of the Management Board, mFactoring.

Great experience!…You’ve done a great job putting this programme in place, so I strongly recommend it.” Patrik Havander, Head of TxB Strategy & Commercial Excellence, Nordea.

The need for skilled execution has never been higher with transaction banking growth in 2019 still strong at 9% and double digits in major banks.*The course brought forthintensely practical considerations for banks to help them capitalise on the opportunity. As well as the taught curriculum and participant exercises, the School, again helmed by Ted Roosevelt Malloch, CEO, The Roosevelt Group, was made more powerful through the insightful opening address by Ann Cairns, Executive Vice Chairman, Mastercard, from practitioner case studies and insights shared by Barclays, ING, Nordea, CIBCand Emirates NBD, from sessions led by Dr Tobias Miarka, MD, Greenwich Associates, Graham Hutchings, CEO, Oxford Analytica, Rupert Gather, Executive Chairman, InvestUK and closing graduation dinner speaker Michael Harte, COO, Santander UK.

Manish Maakan, CEO of iGTB, said: “With fintechs coming up with numerous ideas, innovations happening rapidly around the world both in developing and developed countries and bank specialisation on the increase, it has become imperative to have and share best practice worldwide for executing a complex, high potential business like Transaction Banking where technology is a serious enabler. The School’s curriculum addresses this square on, equipping senior transaction bankers with an edge in successfully running their franchise.”iGTB are committed to raising best practice intransaction banking, and are looking ahead to the next two Schools, starting on 19 June, 2019 in Singapore and 22 April, 2020, again back in Oxford.

 

SOURCE Intellect Design Arena Limited

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Artificial Intelligence

Ideanomics Announces Q1 2019 Earnings Call

Vlad Poptamas

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Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global Fintech and AI catalyst for transformative industries, is pleased to announce the release of its 2019 first-quarter financial results on Tuesday, April 30, 2019. A press release will be issued at approximately 8am EDT, followed by a conference call at 8:30am (8:30pm Beijing/Hong Kong Time). Members of the company’s senior management team will give prepared remarks followed by a short questions and answer period.

CONFERENCE CALL INFORMATION
Webcast Link:
 Via ‘Events & Presentation’ section of Ideanomics corporate website or here: Earnings Call Website Link

Dial-in Number: (Toll-Free US & Canada): 877-407-3107 or 201-493-6796; for China: +86-400-1202840 Ideanomics management encourages investors to email their questions in advance of the webcast/call and time permitting, management will answer the submitted questions during the live Q&A session. Please email ir@ideanomics.com

A replay of the earning call will be available soon after the conclusion of the event.

 

SOURCE Ideanomics

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