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Midea RAC to Participate in Big 5 Construct Saudi, Reinforcing its Commitment to Professional Innovation

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RIYADH, Saudi Arabia, Feb. 23, 2024 /PRNewswire/ — Midea, a leading global provider of air conditioning solutions, has announced its participation in the Big 5 Construct Saudi, a prominent Middle East exhibition for construction, building, and HVAC, in Riyadh from February 26-29. In collaboration with HH-Shaker, a leading HVAC company in Middle East, the Midea Residential Air Conditioner Division (Midea RAC) will showcase its innovative products and technologies at booth 4A41 in Hall 4 of the Riyadh Front Exhibition and Conference Center.

 

Midea already has a strong presence in the Middle East, serving customers in the Saudi Arabia, United Arabi Emirates, Kuwait, Oman Jordan, Lebanon, among others. The company’s products have been well-received by consumers in these regions and beyond. In 2022, Midea’s residential inverter air conditioners topped global shipment charts. Furthermore, Midea was recognized as the leading inverter air conditioner company worldwide. This is a testament to the company’s consistent efforts in technological innovation and quality enhancement.

Midea RAC now operates in 11 countries, has 18 global R&D centers, and invested over 2 billion USD in research and development over the past five years. It provides a range of products and is committed to rewarding the trust of the Middle Eastern market with professional innovation.

Midea RAC’s exhibit at the Big 5 Construct Saudi is themed “Pro Innovation Pro Future,” highlighting the company’s commitment to professional innovation. Midea RAC firmly believes that while innovation can change people’s lives, it is professional innovation that truly enhances them. This belief is embodied in the products they will showcase at the exhibition, including two new models.

One is the A7 Duct, an upgrade of the A6 Duct. The A7 Duct is designed for commercial projects. It is slimmer, quieter, and more corrosion resistant. The other new product to be unveiled at the event is IcyBlast. It is equipped with Midea’s exclusive Inverter Quattro™ technology and is capable of cooling 20% faster than other traditional split units while consuming less energy, making it particularly suitable for users in the Middle East.

The display will also feature Midea’s innovative product range, designed to offer users maximum comfort and convenience.

The ALL-Easy Pro is a user-friendly system that is simple to install, clean, and maintain, designed to make life easier for users. The TROPICAL 3, is a high-performance air conditioning unit specifically engineered for tropical climates. The Wonder AC is a pioneering product, being the first inverter window AC that cools as effectively as a split AC. It boasts rapid cooling, energy-saving capabilities, and operates with minimal noise. Lastly, the Xtreme Series is a diverse collection of Midea household split systems. These units blend cutting-edge technology with a sleek, modern design, providing users with an optimal blend of functionality and style.

Among the array of products on display, visitors will have the opportunity to familiarize themselves with the top three features of Midea RAC products. These include CoolFlash, which rapidly cools rooms to the desired temperature; Energy Saving Inverter Tech, which is featured in Midea’s first inverter window AC and can saves up to 26% energy than regular split ACs; and Hyper Grafins, which integrate graphene into their anti-corrosion layer, greatly enhancing the layer’s density and resistance to external corrosion factors like salt, acid, and rain.

Midea RAC continues to set the standard in the industry with its unwavering commitment to innovation and professionalism. Its forward-thinking approach is not only revolutionizing the way of experiencing comfort but also shaping a more sustainable and promising future.

Video – https://mma.prnewswire.com/media/2346320/pre_event_video.mp4
Photo – https://mma.prnewswire.com/media/2326596/Midea_big5_kv_invitation____1.jpg 
Photo – https://mma.prnewswire.com/media/2326598/FB_KV_group_kv.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/midea-rac-to-participate-in-big-5-construct-saudi-reinforcing-its-commitment-to-professional-innovation-302070001.html

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Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)

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1 hour ago

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December 27, 2024

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STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.

% of shares and voting rights (total of 7.A)

% of shares and voting rights through financial instruments (total of 7.B)

Total of both in % (7.A + 7.B)

Resulting situation on the date on which threshold was crossed or reached

4.76% shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

5.04% shares

Below 5% voting rights

Position of previous notification (if applicable)

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

 

A: Shares and voting rights

Class/type of shares

ISIN code (if possible)

Number of shares and voting rights

% of shares and voting rights

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

FI0009005961

37,609,170  shares

Below 5% voting rights

4.76% shares Below 5% voting rights

SUBTOTAL A

37,609,170 shares

Below 5% voting rights

4.76% shares

Below 5% voting rights

B: Financial Instruments according to SMA 9:6a

Type of financial instrument

Expiration date

Exercise/Conversion Period

Physical or cash settlement

Number of shares and voting rights

% of shares and voting rights

American Depositary Receipt (US86210M1062)

N/A

N/A

Physical

596,930 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

Securites lent

N7A

N/A

Physical

1,036,720 shares

Below 5% voting rights

0.13% shares

Below 5% voting rights

CFD

N/A

N/A

Cash

563,510 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

SUBTOTAL B

2,197,160 shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

 

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,664,079 A shares and 612,955,908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj–notification-of-change-in-holdings-according-to-chapter-9–section-10-of-the-finnish,c4086606

The following files are available for download:

https://mb.cision.com/Main/13589/4086606/3189711.pdf

STORA ENSO Class R_2024-12-25_Issuer

 

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SOURCE Stora Enso Oyj

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Truecaller continues strong growth, surpasses 400 million Android users

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1 hour ago

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December 27, 2024

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STOCKHOLM, Dec. 27, 2024 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 24th of December, when the number of monthly active users (MAU) on the operating system Android surpassed 400 million. Truecaller continues to grow rapidly in many geographic markets and the total user base has grown with more than 57 million users during 2024 and has now surpassed 433 million users in total.

“Truecaller’s strong commitment to help businesses and individuals communicate better through both calls and messages, continues to grow. Our geographical footprint is growing each day, and the development in our targeted growth markets is strong. We’re thrilled at achieving this milestone and we look forward to serving the next 400 million Android users,” says Rishit Jhunjuhnwala, Chief Product Officer and incoming CEO of Truecaller.

The growth in India continues to be strong with a growth of approximately 37 million users in but the relative growth in other parts of the world is stronger with a growth of 20 million users during 2024.

Truecaller will continue to report the average number of monthly and daily users on a quarterly basis in connection with interim reports.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 433 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-continues-strong-growth–surpasses-400-million-android-users,c4086573

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SOURCE Truecaller AB

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Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

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1 hour ago

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December 27, 2024

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BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

Original link: https://en.imsilkroad.com/p/343777.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339540.html

SOURCE Xinhua Silk Road

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