All Border Ports in Guangxi Commenced Normal Operations

NANNING, China, May 19, 2022 /Xinhua-AsiaNet/– Statistics from the Department of Commerce of Guangxi Zhuang Autonomous Region show that during the May Day holiday in 2022, a total of 3,344 vehicles entered and exited through Guangxi border highway ports, including 1,601 and 1,743 vehicles leaving and entering Guangxi respectively. All border ports in Guangxi maximized the capacity of customs clearance under the principle of “open port access to the greatest extent” by minimizing impacts by the pandemic. As of May 5, seven highway ports and one railway port with cargo handling capacity were all open for normalized customs clearance.

Pingxiang Port dispatching team on duty during the May Day holiday to solve problems during port customs clearance timely and efficiently.

On May 5, the ceremony of the departure of the first special train loaded with Chinese medicinal materials imported from Vietnam was held at the Pingxiang railway port in Guangxi. The train was loaded with 12 compartments (each weighed about 15 tons) of suberect spatholobus stem originated from Vietnam. The train will run on a regular basis to help deepen the comprehensive cooperation between China and Vietnam in the field of traditional Chinese medicine. At present, Guangxi has the Nanning drug import port and the border ports of Dongxing, Pingxiang, Longbang and Aidian for medicinal material import, having gradually turned into a main channel for the import of Chinese medicinal materials from the ASEAN countries. The variety and quantity of Chinese herbal medicines from the ASEAN countries entering China through the Guangxi ports have been increasing by leaps and bounds. Since 2020, the total value of goods has been ranking the first for two consecutive years in the country.

Vehicles dispatched by on-site staff with level-II protective suits at Puzhai access to ensure customs clearance in an orderly manner.

Guangxi Youyiguan Port has launched a non-contact verification system through innovation for border inspection to ensure non-contact documents stamping. Two automatic temperature measuring detectors and high-definition cameras are installed at the customs inspection gate to perform non-contact temperature detection and paperwork verification on designated drivers for cross-border cargoes.

The Department of Commerce of Guangxi Zhuang Autonomous Region (Port Office) will continue to coordinate with relevant departments to do a good job in the prevention and control of COVID-19 at each port and unblocked customs clearance so as to guarantee the stability of the China-ASEAN industrial supply chain.

Source: Department of Commerce of Guangxi Zhuang Autonomous Region

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Transaction of 6,560,606 shares of Beco Steel Limited

Karachi, Beco Steel Limited informed Pakistan Stock Exchange about transaction of shares of the company. 6,560,606 shares @ Rs. 25.00 per share were sold in the market on May 17, 2022 through NDM.

Beco Steel Limited, formerly Ravi Textile Mills Limited, is a public limited company incorporated in Pakistan under repealed Companies Ordinance 1984.

Credit of Bonus Share Certificates of Avanceon Limited

Karachi, Avanceon Limited informed Pakistan Stock Exchange that the certificates in respect of Bonus Share announced on December 31, 2021 have been credited to their respective accounts in the Central Depository System (CDS) of Central Depository Company of Pakistan Limited (CDC) on May 18, 2022.

Avanceon Limited was incorporated in Pakistan on 26 March 2003, as a private limited company which was converted to a public company on 31 March 2008. The Company’s principally business is to trade in products of automation and control equipment and to provide related technical services.

In Pakistan they are operating from Lahore, Karachi and Islamabad in manufacturing and other segments which includes Oil and Gas, Power, Infrastructure, Transportation, as well as FMCG.

The Company is listed on Pakistan Stock Exchange Limited, and “AVN” is being used by the Stock Exchange for the shares of the Company.

The number of shares the company has introduced are 256,593,357. The Earnings per shares of the Company is 3.18 in 2020, which was 3.01 in 2019. The profit after taxation in 2020 has increased which is 673,839,000 compare to 653,870,000 in 2019.

Election of Directors of Adamjee Insurance Company Limited

Karachi, Adamjee Insurance Company Limited informed Pakistan Stock Exchange that the seven members have filed themselves with the company for election as Directors of the company for the next term of three years at the Extraordinary General Meeting of the company scheduled to be held on May 27, 2022 at Lahore.

Adamjee Insurance Company Limited is the general insurance company of Pakistan, and was incorporated as a Public Limited Company on September 28, 1960. The Company is listed on Pakistan Stock Exchange Limited and also has regional presence in United Arab Emirates.

The Company is principally engaged in the general insurance business comprising fire and property, marine, motor, accident, health and miscellaneous. The shares of the Company are listed on Pakistan Stock Exchange.

The total number of shares the company has issued are 350,000,000 where the Earnings Per Share in 2020 is 5.36 which was 5.18 in 2019. The Profit After Taxation has also increased in 2020 and is 1,875,506,000 which was 1,812,975,000 in 2019.

Appointment of Chairman of Pakistan Telecommunications Company Limited

Karachi, Pakistan Telecommunications Company Limited informed Pakistan Stock Exchange that Mr. Mohsin Mushtaq has been appointed as Chairman of the company with effect from May 19, 2022 in place of Dr. Muhammad Sohail Rajput.

Pakistan Telecommunication Company Limited was incorporated in Pakistan on December 31, 1995. The Company provides telecommunication services in Pakistan. It owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan. The Company has also been licensed to provide such services in territories of Azad Jammu and Kashmir and Gilgit-Baltistan.

With the largest fixed line network of the country, PTCL offers products and services like high speed Broadband internet, CharJi wireless internet, and Smart TV (IPTV) service, over-the-top (OTT) applications like Smart Link App, Smart TV App and Touch App, and world class digital content like Netflix, iflix and icflix.

PTCL’s enterprise grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed Services and Satellite Services are meeting the connectivity needs of organizations and enabling businesses to operate more efficiently. It acts as the communication backbone for the country with largest fiber cable network that spans from Khyber to Karachi and submarine cables connecting Pakistan to the world.

The total number of shares are 3,774,000,000. The Earnings per share is 1.18 in 2020 which was 1.24 in 2019. The Profit after Taxation of the Company is 6,030,365,000 in 2020 which was 6,347,235,000 in 2019.

Change of Chairman of Pakistan Telecommunications Company Limited

Karachi, Pakistan Telecommunications Company Limited informed Pakistan Stock Exchange that Mr. Mohsin Mushtaq has been appointed as Chairman of the company with effect from May 19, 2022 in place of Dr. Muhammad Sohail Rajput.

Pakistan Telecommunication Company Limited was incorporated in Pakistan on December 31, 1995. The Company provides telecommunication services in Pakistan. It owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan. The Company has also been licensed to provide such services in territories of Azad Jammu and Kashmir and Gilgit-Baltistan.

With the largest fixed line network of the country, PTCL offers products and services like high speed Broadband internet, CharJi wireless internet, and Smart TV (IPTV) service, over-the-top (OTT) applications like Smart Link App, Smart TV App and Touch App, and world class digital content like Netflix, iflix and icflix.

PTCL’s enterprise grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed Services and Satellite Services are meeting the connectivity needs of organizations and enabling businesses to operate more efficiently. It acts as the communication backbone for the country with largest fiber cable network that spans from Khyber to Karachi and submarine cables connecting Pakistan to the world.

The total number of shares are 3,774,000,000. The Earnings per share is 1.18 in 2020 which was 1.24 in 2019. The Profit after Taxation of the Company is 6,030,365,000 in 2020 which was 6,347,235,000 in 2019.

Progress Report of Unity Foods Limited

Karachi, Unity Foods Limited informed Pakistan Stock Exchange that the right issue proceeds immediately on transfer to the bank account of the company have been part of the working capital of the company. The proceeds have been utilized primarily for the purposes of purchase of inventories and there has been no deviation from the announcement made.

Unity Foods Limited was incorporated in Pakistan in 1991 as a Private Limited Company and subsequently converted into a Public Limited Company on June 16, 1991. The principal business activity of the Company has been changed from yarn manufacturing to edible oil extraction, refining and related businesses.

The total numbers of shares are 994,050,000. The earnings per share is 0.39 in 2020 which was 1.03 in 2019. The profit after Taxation is 209,629,000 in 2020 which was 255,075,000 in 2019.

Buy Back of shares of Netsol Technologies Limited

Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange that the company has purchased 175,000 ordinary shares of the company on May 19, 2022 trading session of Pakistan Stock Exchange.

NetSol Technologies Limited was incorporated in Pakistan on August 22, 1996 as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.

The total numbers of shares are 89,836,923. The Earnings per share is 2.73 in 2020 which was 13.86 in 2019. The Profit after Taxation is 244,840,000 in 2020 which was 1,243,484,000 in 2019.

Interim Cash Dividend of Indus Motor Company Limited

Karachi, Indus Motor Company Limited informed Pakistan Stock Exchange that the Interim cash dividend @ Rs. 26 per share i.e. 260% for the year ending June 30, 2022 has been credited electronically into the designated bank accounts of the shareholders of the Company on May 19, 2022.

Indus Motor Company Limited was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1989. The Company was formed in accordance with the terms of a Joint Venture agreement concluded amongst certain House of Habib companies, Toyota Motor Corporation and Toyota Tsusho Corporation for the purposes of assembling, progressive manufacturing and marketing of Toyota vehicles. The Company also acts as the sole distributor of Toyota and Daihatsu vehicles in Pakistan and has a license for assembling, progressive manufacturing and marketing of these vehicles in Pakistan.

Indus Motor Company Limited’s manufacturing facility and offices are located at a 107 acre site in Port Qasim, Karachi. The product is delivered to end customers nationwide through a strong network of 50 independent 3S Dealerships spread across the country.

The total number of shares of the Company are 78,600,000. The Earnings per shares is 64.66 in 2020 which was 174.49 in 2019. The profit after taxation in 2020 is 5,082,027,000 which was 13,714,975,000 in 2019.

Credit of Bonus Share Certificates of Pakistan Oxygen Limited

Karachi, Pakistan Oxygen Limited informed Pakistan Stock Exchange that the certificates in respect of Bonus Share i.e. 25% for the period ended December 31, 2021 announced on March 07, 2022 have been credited to their respective accounts in the Central Depository System (CDS) of Central Depository Company of Pakistan Limited (CDC) on May 18, 2022.

Pakistan Oxygen Limited was incorporated in Pakistan, as a private limited company in 1949 and converted into a public limited company in 1958. The Company is principally engaged in the manufacturing of industrial and medical gases, welding electrodes and marketing of medical equipment.

The total numbers of shares are 46,872,446. The Earnings per share is 8.87 in 2020 which was 7.70 in 2019. The Profit after taxation is 346,281,000 in 2020 which was 300,585,000 in 2019.

Centrient Pharmaceuticals announces its achievement of a significant milestone in the clean production of antibiotics

Being the first company to publicly announce 100% PNEC compliance for its entire oral antibiotics product range

Rijswijk, The Netherlands, May 19, 2022 (GLOBE NEWSWIRE) —

Summary

  • Centrient Pharmaceuticals reached a significant milestone in the clean production of its antibiotics, with the lowest environmental impact and minimizing the potential contribution to antimicrobial resistance
  • The company is the first to publicly announce that Its entire supply chain of oral antibiotics – including its own and supplier manufacturing sites – is fully compliant with the stringent Predicted No Effect Concentration (PNEC) discharge targets set by the AMR Industry Alliance
  • This achievement demonstrates Centrient Pharmaceuticals’ commitment and leadership in the responsible production of antibiotics.

Centrient Pharmaceuticals announces 100% compliance with the stringent Predicted No Effect Concentration (PNEC) discharge targets set by the AMR Industry Alliance for clean manufacturing of its full oral antibiotics product range. This standard covers both Centrient’s sites and its suppliers’ sites. This achievement positions the company as a frontrunner in the industry with the delivery of responsibly-produced antibiotics, which minimize the possible contribution to antimicrobial resistance.

The PNEC discharge target is the concentration of an antibiotic in water at which there is unlikely to be a risk of adverse environmental effects or of antimicrobial resistance (AMR) developing. These scientific, risk-based targets were developed by the AMR Industry Alliance and cover around 120 active pharmaceutical ingredients (APIs) used in antibiotic manufacturing. Each individual antibiotic has a corresponding PNEC value, published in the AMR Industry Alliance table of Recommended PNECs for Risk Assessments (updated periodically).

High concentrations of antibiotic residues in factory wastewater can create hotspots of resistant bacteria which may lead to AMR. While manufacturing is just one of the contributors to the emergence of AMR in the environment, its impact cannot be overlooked. AMR is a major threat to global public health as well as to the healthcare industry. Many standard medical procedures such as organ transplants, chemotherapy, and surgeries such as caesarean sections become much more dangerous without effective antibiotics to prevent and treat infections. Antibiotics are the cornerstone of our modern healthcare system, and complying with PNEC standards enables manufacturers to ensure supply of these critically important medicines does not contribute to the risk of AMR.

The PNEC values are increasingly being recognized as the standard for antibiotic discharge concentrations in water and are expanding beyond Alliance companies and their supply chains. For example, tenders in the UK and Germany (health insurer AOK) include a specific reference to the PNEC discharge targets. Also, companies assessed externally by organizations such as the Access to Medicine Foundation will have public exposure for their performance on PNECs.

As a strong advocate for sustainable manufacturing, Centrient Pharmaceuticals became a founding board member of the AMR Industry Alliance in 2017, working with partners to raise awareness and deliver solutions to the AMR issue. Since then, the company’s own journey to reaching full compliance has included establishing state-of-the-art wastewater treatment facilities at all their sites worldwide and developing tests for measuring antibiotic activity in wastewater streams, leading to a fully clean and PNEC-compliant supply chain.

We are proud to be the first in our industry to publicly announce PNEC compliance for our oral antibiotics product supply chain.

At Centrient Pharmaceuticals, our commitment to Sustainability is in our DNA – we ensure that the way in which we produce pharmaceuticals has the lowest environmental impact and does not contribute to AMR. We are proud of our PureActives® enzymatic low-carbon technology, ISO 14001 certification of all our sites, and Board positions at the Pharmaceutical Supply Chain Initiative and AMR Industry Alliance.

We will continue to work with customers, suppliers, industry and government decision-makers across the value chain to make the supply and buying of antibiotics sustainable to curb AMR.”, says Rex Clements, CEO at Centrient Pharmaceuticals.

Read our whitepaper ‘Manufacturing sustainable antibiotics for the future’ here.

About Centrient Pharmaceuticals

Centrient Pharmaceuticals is the global leader in the production and commercialisation of sustainable antibiotics, next-generation statins, and anti-fungals. We produce and sell intermediates, active pharmaceutical ingredients and finished dosage forms.

We stand proudly at the centre of modern healthcare, as a maker of essential and life-saving medicines. With our commitment to Quality, Reliability and Sustainability at the heart of everything we do, our over 2,200 employees work continuously to meet our customers’ needs. We work towards a sustainable future by actively participating in the fight against antimicrobial resistance.

Founded 150 years ago as the ‘Nederlandsche Gist- en Spiritusfabriek’, our company was known as Gist Brocades and more recently DSM Sinochem Pharmaceuticals. Headquartered in Rijswijk (Netherlands), we have production facilities and sales offices in China, India, the Netherlands, Spain, the United States and Mexico. Centrient Pharmaceuticals is wholly owned by Bain Capital Private Equity, a leading global private investment firm.

For more information please visit www.centrient.com or contact Centrient Pharmaceuticals Corporate Communications, Alice Beijersbergen, Director Branding & Communications. E-Mail: alice.beijersbergen@centrient.com.
About the AMR Industry Alliance

The AMR Industry Alliance was formed in 2017. With approximately 100 life sciences companies and trade associations, it represents nearly one-third of the volume of sales and the majority of all novel products. Members have committed to report on activities they are undertaking in the areas of research & science, access to antibiotics and appropriate use of these, as well as responsible environmental manufacturing to tackle the rapid spread of antimicrobial resistance. If AMR remains unchecked, the annual death toll could climb from 700,000 each year to 10 million by 2050 and the economic impacts could be on par with those of the 2008 financial crisis. The AMR Industry Alliance ensures that signatories collectively deliver on the specific commitments made in the Industry Declaration on AMR and the Roadmap for Progress on Combating AMR and measures progress made in the fight against AMR.
Forward-looking statements

This press release may contain forward-looking statements with respect to Centrient Pharmaceuticals’ future financial performance and position. Such statements are based on current expectations, estimates and projections of Centrient and information currently available to the company. Centrient cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. Centrient has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is governing.

Alice Beijersbergen
Centrient Pharmaceuticals
+31 (6) 823 579 56
alice.beijersbergen@centrient.com

Advance Local is New Sophi.io Customer

TORONTO, May 18, 2022 (GLOBE NEWSWIRE) — Advance Local, one of the largest media groups in the United States operating 10 leading news and information organizations and reaching 55 million people monthly, has quadrupled their subscription goal using Sophi Content Paywall Engine. Faced with advertising pressures exacerbated by the Coronavirus, Advance Local increased subscription conversions 45% using Sophi.io, an AI-powered automation, optimization and prediction platform developed by The Globe and Mail. Their success with Sophi has also earned them a spot as a finalist in the Digiday Media Awards, announced this week.

Neil Katz, Chief Customer Officer at Advance Local, said, “We wanted to see how much farther Sophi could take us, so we tested Sophi Content Paywall on one of our largest sites. The results were transformative. We were hoping for a 10% lift in conversion rate and Sophi delivered four times that result. We’re continuing to roll out Sophi solutions across more of our sites as we speak.”

Advance started using Sophi Content Paywall Engine on one of its largest sites, cleveland.com, to get better insights into the value of their content and fuel their new subscription business. The technology uses advanced natural language processing (NLP) to analyze every piece of content and select which articles to put behind a paywall. It picks only those articles where the subscription revenue opportunity outweighs the advertising revenue forgone.

During an experiment where Advance could see how Sophi performed side by side with their existing paywall, Sophi presented roughly the same amount of paywalls and generated a 45% lift in the total conversion rate, while also uncovering pockets of content that editors didn’t anticipate would generate subscriptions.

John Hassell, Senior Vice President and Editorial Director at Advance Local, said, “We wanted to see if Sophi’s content paywall could increase subscriber acquisition by 10% and it blew that goal out of the water. We’re feeling good about the platform and the way it is showing us just how valuable our editorial content is to our audience.”

Advance Local is also a finalist in the Digiday Media Awards, in the category of Best Subscription or Membership Product, for their work using Sophi Content Paywall Engine.

“Advance Local is an incredibly innovative organization that we’ve watched push the boundaries and we’re very excited to be working with them,” said Mike O’Neill, Co-Founder and CEO of Sophi.io. “We’re seeing great value come from the content paywall they’ve implemented and we’re excited to introduce some other cutting edge technology into this very strong brand.”

About Advance Local

Advance Local (www.advancelocal.com) is one of the largest media groups in the United States. It operates 10 leading news and information organizations and reaches 55 million people monthly across multiple platforms with its high-quality journalism. They are dedicated to unrivaled local journalism that improves the lives of millions of people.

About Sophi.io

Sophi.io (https://www.sophi.io) was developed by The Globe and Mail to help content publishers make important strategic and tactical decisions. It is a suite of AI and ML-powered automation, optimization and prediction solutions that include Sophi Site Automation, Sophi for Paywalls and Sophi for First Party Data. Sophi also powers one-click automated laydown of template-free print publishing. Sophi is designed to improve the metrics that matter most to your business, such as subscriber retention and acquisition, engagement, recency, frequency and volume.

Contact Us

Jamie Rubenovitch
Head of Marketing, Sophi.io
The Globe and Mail        
jrubenovitch@globeandmail.com
416-585-3355