Aurora set for major expansion after SET debut, first for jewel retail biz ACN Newswire

Aurora set for major expansion after SET debut, first for jewel retail biz

November 29, 2022
BANGKOK, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Aurora Design PCL (SET: AURA), one of Thailand's leaders in gold jewelry retail business, diamond jewelry and gems, is going ahead with its planned expansion after being listed on the Stock Exchange of Thailand (SET).With the kick-off of its shares on the Thai bourse today (29 Nov), AURA will proceed to add 143 outlets and expand the consignment business under the brand of 'Thong Ma Ngern Pai' (gold comes, money goes).Aniwat Srirungthum, Chief Executive Officer of AURA, said the company is aiming at raising its retail network nationwide to 409 in 2024 from 266 at the end of last September 2022.The new stores will cover greater areas of Bangkok and its vicinity, as well as cities and communities to increase access to customers in additional potential areas across the country, he added.Meanwhile, AURA has set its sights on strengthening its consignment business - whereby AURA sells gold jewelry retail, diamond jewelry and gems on behalf of the owner - to 3,846 million baht in 2024.AURA has shown its potential as the first Thai stock engaged in the gold jewelry retailing business, focussing on developing and introducing new products and brands to create variety, and proactively enhancing online platform services to reach customers of all genders and ages on its pathway to become the leader of gold jewellery retailer in Thailand.Mr Aniwat said: "We aim to create diversity and a brand that is different from competitors through product innovation and new brands to meet the needs of all kinds of customers, and providing a seamless shopping experience, expanding sales channels, both online and offline while enhancing service by developing new applications to promote sales and creating maximum customer satisfaction."These efforts will ensure sustainable growth for the company."Pongsak Phrukpaisal, Managing Director of Kasikorn Securities PCL which serves as financial adviser and underwriter of AURA, noted that the company deals with a comprehensive range of gold, diamond and gem jewellery, and leveraging on technology to drive product innovation and new brands.The company is also able to accommodate customers' needs on every occasion while pursuing the consignment business of gold ornaments - a business with potential growth in the future.Because AURA is the first stock involved in the complete gold jewelry retail business diamond jewelry and gems business on the SET, there has been an enthusiastic response from institutional and retail investors during the past initial public offering (IPO) subscription period."Clearly this is due to the fact the company possesses a robust business background and opportunities for future growth," Mr. Pongsak concluded.Note: Investments involve risks. Investors should understand the characteristics of the product, return conditions and risks before investing.See https://www.aurora.co.th [SET: AURA].Released for Aurora Design PCL by MT Multimedia Co LtdThiyaporn Sriadunphan (Dah), T: +66 (0) 87 556 6974, E: thiyaporn.s@mtmultimedia.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Lab-Grown Diamond Facility in Singapore to Commence Commercial Production ACN Newswire

Lab-Grown Diamond Facility in Singapore to Commence Commercial Production

August 8, 2022
Singapore, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - SGX-listed Metech International Limited ("Metech" or the "Company", and together with its subsidiaries, the "Group"), is pleased to announce that the lab-grown diamond facilities in Singapore of its joint venture company, Asian Eco Technology Pte. Ltd. ("Asian Eco"), can commence commercial production, following the receipt of the fire safety certificate issued by Singapore Civil Defence Force.A pilot test of the lab-grown diamond facilities has been successfully completed.As announced previously, Asian Eco entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds.A wholly-owned subsidiary, Zhongxin Minghua (Shanghai) International Trade Co., Ltd. (formerly known as Nolash (Shanghai) Pte Ltd.), is now a registered member of the Shanghai Diamond Exchange with effect from 13 July 2022.Growing Industrial Applications of Lab-Growth DiamondsDiamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in oil & gas, medical equipment, aerospace, among others.With an impressive combination of chemical, physical and mechanical properties that are ideal for a wide array of industrial applications, there is increasing commercialisation of scientific discoveries for the industrial applications of diamond in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.To harness such opportunities, Asian Eco has previously entered in various memorandum of understandings and collaboration agreements with strategic partners and prominent institutions in the areas of research and development and commercialisation.Commenting on the commencement of Asian Eco's commercial production of lab-grown diamonds in Singapore, Ms. Samantha Hua, Executive Director and Chief Executive Officer of Metech, said: "This is a major milestone in our business strategy, accelerating our growth ambitions within the global lab-grown diamond industry that continues to exhibit positive growth prospects with its sustainability features.Aligned with the macro trends of the global lab-grown diamond market, we aim to progressively scale up our production capabilities in Singapore and harness new opportunities."About Metech International Limited(Bloomberg: CENR:SP / Reuters: METE.SI / SGX Stock Code: V3M)Listed on the Singapore Stock Exchange, Metech International Limited ("Metech") has a multi-pronged business model that aligns with the macro trends in the area of environmental and sustainability.While proactively evaluating new business opportunities to broaden its business model, Metech continues to build on its capabilities and extend the value propositions of its business units.Media & Investor Contacts:This announcement has been prepared by the Company and reviewed by the Company's Sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.The contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.Issued on behalf of Metech International Limited by 8PR Asia Pte Ltd.Mr. Alex TANMobile: +65 9451 5252Email: alex.tan@8prasia.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Spritzer, The Only Diamond Taste Award 2022 Winner in Malaysia ACN Newswire

Spritzer, The Only Diamond Taste Award 2022 Winner in Malaysia

July 21, 2022
TAIPING, Malaysia, Jul 21, 2022 - (ACN Newswire via SEAPRWire.com) - Spritzer is pleased to announce that, Spritzer silica-rich Natural Mineral Water was recently awarded three stars in the Superior Taste Award 2022 organised by the Brussels-based International Taste Institute. The three stars awarded derived from areas of judging categories include Exceptional products, Remarkable products and Notable products.The International Taste Institute is an organisation of chefs and sommeliers founded in 2005 dedicated to assisting food and beverage (F&B) companies improve the quality of their products through the annual Superior Taste Award. To be awarded three stars, products must have overall scores of over 90% and be considered an exceptional product by the 200 jury members from 20 countries that have been carefully selected based on their experience in tasting.This is the seventh time over a 10-year period that Spritzer Natural Mineral Water, which is sourced from underground aquifers from a protected tropical landbank, has been awarded three stars which entitles it to the Diamond Taste Award. Spritzer silica-rich Natural Mineral Water was also among only 18 products out of 2,350 F&B products this year to be awarded Diamond Taste Award by a panel of professional taste experts.The Company would like to thank consumers for their support and loyalty over the years as it stives to maintain the quality of the silica-rich natural mineral water while continuing to give back to society through various initiatives spanning from assistance during disasters to recycling programmes to achieve a better and more sustainable future.Spritzer recently launched a new iconic bottle with a trendy and vibrant design made from fully recycled packaging made by recycled materials, and also recently won the Reader's Digest's Trusted Brands 2022 platinum award for 21 consecutive years.Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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