Inviting the World to Explore Hainan, Overseas Tour Operators Hainan Tour 2025 Will Kick Off Soon
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Malay Mail
9 hours ago
- Malay Mail
Yuexiu Transport (1052) profit attributable to shareholders increased by 15%
HONG KONG SAR - Media OutReach Newswire - 15 August 2025 - Yuexiu Transport (1052) announced its interim results 2025 and recorded revenue of RMB2.099 billion, representing a year-on-year increase of 14.9%. Profit attributable to shareholders was RMB361 million, an increase of 14.9%. The Company remains committed to maintaining a stable dividend policy with an interim dividend of HK$0.12 per share, equivalent to the payout ratio of 50%.In November 2024, the Company acquired the Pinglin Expressway from its parent company. During the period, this project contributed approximately RMB256 million in toll revenue and approximately RMB42 million in profit attributable. This project is continuously bringing new momentum to the Company's development and benefiting its long-term the first half of 2025, the Company's revenue and profit attributable to shareholders both realized double-digit growth. The Company's 10 subsidiary projects, as a whole, recorded y-o-y growth in both average daily toll revenue and average daily toll traffic volume. The Company further reduced its total liabilities-to-total assets ratio, continued to optimise its financial structure and further extended its debt duration. The total liabilities-to-total assets ratio was 57.9%, dropped by 1.0 percentage point compared to the end of 2024. The weighted average financing rate was 2.57%, down by 0.48 percentage point compared to the first half of Company is committed to becoming a leading transport infrastructure asset management company in China. Guided by its "3331" development strategy, the Company will refine the three platforms (listed platform, REITs platform, incubation platform), enhance the three core abilities (investment ability, operation and maintenance and construction management ability, capital operation ability), and focus on three directions (expressway main business, key areas, expansion of related auxiliary businesses).The Company will firmly grasp the strategic opportunities in expressway investment and mergers and acquisitions. Gaining its foothold in Guangdong, Hong Kong and Macau Greater Bay Area and in Central and Eastern China, the Company will expand its presence in the regions benefiting from urbanisation process and rapid industrialisation development. With the full utilisation of a model that features interaction among its three platforms, the Group continues to strengthen and expand its infrastructure business, with a particular focus on toll #YuexiuTransport The issuer is solely responsible for the content of this announcement.
Malay Mail
10 hours ago
- Malay Mail
SUNRATE Secures Payment Business Licence In China
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025."This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships," said Paul Meng, co-founder at the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit
Malay Mail
16 hours ago
- Malay Mail
Iran enlists China, Russia to block looming European sanctions snapback
TEHRAN, Aug 15 — Iran said Thursday it was working with China and Russia to prevent the snapback of European sanctions over Tehran's nuclear programme after Britain, France and Germany threatened to reimpose them. 'We will try to prevent it,' Iran's foreign minister, Abbas Araghchi, said in an interview with state TV. 'We are working with China and Russia to stop it. If this does not work and they apply it, we have tools to respond. We will discuss them in due course.' The trio of European powers, known as the E3, told the United Nations Secretary-General Antonio Guterres on Wednesday that they were ready to reimpose sanctions on Tehran if no diplomatic solution was found by the end of August. All three were signatories to a 2015 deal that lifted sanctions in return for curbs on Iran's nuclear programme. The agreement, which terminates in October, includes a 'snapback mechanism' allowing sanctions to be restored. 'We have made clear that if Iran is not willing to reach a diplomatic solution before the end of August 2025, or does not seize the opportunity of an extension, E3 are prepared to trigger the snapback mechanism,' the group's foreign ministers said in the letter. 'If Iran continues to violate its international obligations, France and its German and British partners will reimpose the global embargoes on arms, nuclear equipment and banking restrictions that were lifted 10 years ago at the end of August,' French Foreign Minister Jean-Noel Barrot posted on X on Wednesday. Araghchi said the return of sanctions would be 'negative' but that the predicted economic effects 'have been exaggerated'. 'Legally justified' The 2015 deal, known as the Joint Comprehensive Plan of Action, or JCPOA, effectively collapsed after US President Donald Trump withdrew from it in 2018 during his first term and restored crippling sanctions. European countries attempted to keep the deal alive, while Iran initially stuck to the terms before later ramping up its uranium enrichment. Earlier this year, the United States joined Israel in bombing Iran's nuclear facilities. Israel launched its attacks while Washington and Tehran were still pursuing nuclear talks, which have not since resumed. Western powers have long accused Iran of pursuing nuclear weapons, a charge the Iranian government strongly denies. Even before Israel attacked Iran, they had raised concerns about the lack of access given to inspectors from the UN's nuclear watchdog, the International Atomic Energy Agency. Iran halted all cooperation with the IAEA after the strikes. Last month, Araghchi sent a letter to the UN saying the European countries did not have the legal right to restore sanctions. The European ministers called the claim 'unfounded'. They insisted that, as JCPOA signatories, they would be 'clearly and unambiguously legally justified in using relevant provisions' of UN resolutions 'to trigger UN snapback to reinstate UNSC resolutions against Iran which would prohibit enrichment and re-impose UN sanctions.' — AFP
