Connect with us

Technology

Kerry Logistics Network Partners with MUFG Bank in Syndicated Sustainability-linked & Social Term Loan of HK$1 Billion – The First of Its Kind in the Asia Pacific

Published

on

HONG KONG, Oct. 7, 2024 /PRNewswire/ — Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) and a syndicate solely led by MUFG Bank Ltd. (‘MUFG’) have signed a five-year HK$1 billion syndicated Sustainability-linked & Social Term Loan Facility (‘Facility’). This Facility is a first-of-its-kind ESG-linked syndicated loan structure in the Asia Pacific, validating KLN’s pioneer position in the logistics sector and commitment to Environment, Social and Governance (‘ESG’).

MUFG acted as the sole Mandated Lead Arranger, Bookrunner and Underwriter and Sustainability & Social Loan Structuring Advisor in the Facility. The oversubscribed transaction showcases MUFG’s unparalleled syndication arrangement and ESG structuring capabilities, while leveraging its deep relationship network to broaden the investor base for clients.

The Facility was tailored with a cutting-edge ESG structure comprising both sustainability-linked loan and social loan tranches. Under the terms of the Facility, KLN is to invest in social initiatives to generate positive impact to the communities it serves across Hong Kong and the Mainland of China. Other social targets include a list of eligible social projects providing access to employment, essential services and affordable basic infrastructure.

Ellis Cheng, Executive Director and Chief Financial Officer of Kerry Logistics Network, said, “The overwhelming subscription result demonstrates the banking industry’s trust in the impact of KLN’s social contributions. KLN appreciates MUFG’s leadership in spearheading the company’s inaugural syndication and the bespoke ESG structure is a testament of KLN’s commitment to create a greener, safer and better-connected world.”

Cerlin Ip, MUFG’s Head of Global Corporate Banking, Hong Kong, said, “We are honoured to continue deepening our partnership with KLN. This landmark sustainability-linked and social syndicated loan facility has further demonstrated KLN’s pioneering position in the logistics sector and deep commitment to sustainability, while reaffirming MUFG’s efforts in partnering clients to pursue their environmental and business agendas. We look forward to deepening our collaboration with KLN in their journey to a sustainable future.”

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.

With a global presence across 60 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 markets. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide.

In Asia Pacific, MUFG has a presence across 18 markets – Australia, Bangladesh, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in South-east Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines, and Bank Danamon in Indonesia.

Under the Group’s current three-year Medium Term Business Plan ending FY2026, MUFG is dynamically pursuing opportunities to expand and invest in Asia’s growth. This will be guided by an unrelenting focus on capturing recurring revenue opportunities; challenging ourselves in new domains; capitalising on the growth of key markets like India, cultivating an Asian digital strategy while consolidating and concentrating on core competencies.

View original content:https://www.prnewswire.com/apac/news-releases/kerry-logistics-network-partners-with-mufg-bank-in-syndicated-sustainability-linked–social-term-loan-of-hk1-billion—the-first-of-its-kind-in-the-asia-pacific-302268578.html

SOURCE Kerry Logistics Network Limited

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

/R E P E A T — MEDIA ADVISORY – Government of Canada to Make a Critical Minerals Infrastructure Announcement/

Published

on

By

THUNDER BAY, ON, Oct. 4, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources; the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario; and Marcus Powlowski, Member of Parliament for Thunder Bay–Rainy River, will make a funding announcement in support of critical minerals infrastructure projects in Ontario. A media availability will follow. 

Date: Monday, October 7, 2024

Time: 1:30 p.m. ET

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

Follow us on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

ez1099 Version 2024 Is Now Ready For Processing 1099 Forms For the Upcoming Tax Season

Published

on

By

The 2024 update of Ez1099 has just been released enabling companies and tax professionals to get a jump start on the upcoming tax form season. Download and test drive at no cost or obligation at halfpricesoft.com.

SAN FRANCISCO, Oct. 7, 2024 /PRNewswire-PRWeb/ — ez1099 2024 tax form preparation software from Halfpricesoft.com is now available for companies and accountants to get a jump start on the fast approaching 2025 tax season. The software is available in print and mail, efile, PDF and network versions (prices vary).

Accountants are accommodated with the newest edition of ez1099 2024 to help businesses get a running start on the upcoming 2025 tax season.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.
Download and test today to get ready for the upcoming tax season at https://www.halfpricesoft.com/1099_software.asp

“Accountants are accommodated with the newest edition of ez1099 2024 to help businesses get a running start on the upcoming 2025 tax season.” Dr. Ge, Founder of Halfpricesoft.com states.

The options featured in the latest version ez1099 software include but are not limited to:

ez1099 prints out recipient copies on plain white paper.

Quick data importing feature and bulk printing feature

Support unlimited accounts and unlimited recipients with one flat rate

Supports compiling and saving form data for later use and modification

Go green with optional PDF document converting and e-file (electronic filing) features

From $79, ez1099 is among the lowest priced, full-featured software available

No cost customer support with live chat, email and remote access

Fill tax data on pre-printed forms

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. As always, customers are encouraged to download and try ez1099 without any risk, cost or obligation at https://www.halfpricesoft.com/1099_software.asp

About halfpricesoft.com Halfpricesoft.com is a leading provider of small business software,
including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, Accounting software, 1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help small Business owners simplify payroll processing and streamline business management.

Media Contact

T. Bernard, halfpricesoft.com, 502-259-0936, services@halfpricesoft.com, halfpricesoft.com

Twitter Facebook

View original content to download multimedia:https://www.prweb.com/releases/ez1099-version-2024-is-now-ready-for-processing-1099-forms-for-the-upcoming-tax-season-302259646.html

SOURCE halfpricesoft.com

Continue Reading

Technology

iKala KOL Radar Surpasses 300 Million Influencers, Leading Global Cross-Border Influencer Marketing with AI

Published

on

By

KOL Radar expands its data coverage to 190 countries, empowering global brands to capitalize on cross-border influencer marketing.

TAIPEI, Oct. 7, 2024 /PRNewswire/ — iKala, a leading AI transformation solutions provider from Taiwan, announced that its AI-powered influencer marketing platform, KOL Radar, now officially includes over 300 million influencers across 190 countries and multiple platforms. Leveraging its exclusive AI technology, KOL Radar analyzes nearly 6 billion social data monthly, empowering brands with multi-market influencer insights to accelerate customer acquisition. KOL Radar will continue to introduce new feature upgrades, offering brands a more comprehensive AI-based influencer marketing search and analytics service.

Rapid Product Upgrade! KOL Radar Expands to Include over 300 Million Influencer Profiles across 190 Countries
As post-pandemic globalization accelerates, and in response to the growing demand for cross-border influencer marketing, KOL Radar announced today the official inclusion of over 300 million influencer profiles in its global database, now covering 190 countries and spanning major social platforms such as Facebook, Instagram, YouTube, TikTok, and Twitter. Leveraging exclusive AI and data analytics technology, KOL Radar has fully integrated influencer resources from 190 countries. With this expansion, KOL Radar has become the world’s largest influencer search and analytics platform, empowering brands to effectively capture cross-border marketing opportunities and expand their global influence.

iKala continues to leverage its leading AI and data analytics capabilities to empower KOL Radar, providing real-time and precise AI-driven influencer marketing insights, helping brands efficiently develop optimized marketing strategies. To address key challenges such as estimating campaign performance and managing influencer resources, KOL Radar is launching two major feature upgrades to enhance both the “pre-evaluation” and “post-evaluation” processes. Brands will be able to select influencers, and through KOL Radar’s exclusive AI and data analytics technology, estimate key metrics like post reach, shares, and likes. This assists brands in accurately estimating the public praise value and also allows them to export comprehensive proposals in just one click. In addition, KOL Radar will introduce a “Directory” feature, which automatically consolidates all interactions, records, unlocked, and previously collaborated influencers, enabling brands to easily search and manage influencer assets and streamline campaign management.

KOL Radar Organizes Global Influencer Resources, Empowering Brands to Precisely Capture Insights for Cross-Border Marketing
As the world’s largest AI-powered influencer database, KOL Radar integrates influencer data from multiple countries and industries, leveraging iKala’s exclusive AI technology to provide the most comprehensive trends, strategies, and analytical insights in cross-border influencer marketing. This enables enterprises to access an all-in-one influencer marketing solution tailored to their target markets, business challenges, and consumer preferences. Offering end-to-end support for influencer selection, data tracking, and performance evaluation, KOL Radar empowers brands to efficiently expand into new overseas markets and achieve more effective cross-border influencer marketing campaigns.

iKala Co-Founder and CEO, Sega Cheng, stated, “With this achievement, we have reached our ambitious goal of organizing global influencer information through AI, becoming the world’s largest cross-border influencer search and analytics platform. As iKala’s generative AI rapidly advances in search, reasoning, and innovation capabilities, KOL Radar will provide marketers with unprecedented market insights and remarkable productivity gains. This responds to the growing demand for cross-border marketing from global enterprises, with a particular focus on the influencer marketing opportunities in regions such as North America and Eurasia.”

About iKala
iKala is a leading AI transformation solutions provider, with a mission to “enable AI competencies” of enterprises by providing AI-driven cloud management and MarTech solutions, to optimize their operational efficiency and increase customer engagement. iKala’s solutions and SaaS products are available in 190+ countries, enabling over 1,000 enterprises and 50,000 brands and advertisers, including top-tier Fortune 500 companies, to transform their business.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ikala-kol-radar-surpasses-300-million-influencers-leading-global-cross-border-influencer-marketing-with-ai-302268686.html

SOURCE iKala

Continue Reading

Trending