News Article | February 28, 2017
HONG KONG, Feb. 28, 2017 /PRNewswire/ -- HKBN Ltd. ("HKBN" or the "Group"; SEHK stock code: 1310) announced today that with effect from 1 March 2017, Ni Quiaque Lai ("NiQ") will be named Chief Operating Officer ("COO"). Formerly the Group's Chief Talent & Financial Officer ("CT&FO"), NiQ, in this expanded new role, will lead the Group's sales and marketing operations for the residential market whilst he retains executive oversight of his previous CT&FO responsibilities in finance, legal as well as Talent engagement. NiQ's appointment leverages a multifunctional perspective to consolidate greater synergy between HKBN's various teams to drive sustainable growth for the Group's business and operations. Whilst NiQ will retain executive oversight in the respective areas of finance, Talent engagement and legal, Andrew Wong, Financial Controller, CY Chan, Associate Director -- Talent Management & Organization Development and Co-Owner, and Amy Tam, Head of Legal & Company Secretary and Co-Owner, will step up to take on more operational management responsibilities in their respective areas. As COO, NiQ will report directly to CEO and Co-Owner William Yeung. William Yeung said, "NiQ's strong leadership and deep understanding across many different aspects of our business means he is well positioned to unify our strengths and steer HKBN's growth via improved strategic thinking, efficiency and agility among teams." The Group also announces that its Chief Marketing Officer, Selina Chong, has decided to step down from her role with effect from 19 March 2017 to focus on new opportunities beyond HKBN. In her five years with the Group, Selina successfully strengthened the HKBN brand, making it a highly compelling choice for broadband, mobile, and OTT services as well as enterprise solutions. The Group thanks Selina for her tremendous contributions and wishes her all the best in her future endeavours. HKBN Ltd. (SEHK Stock Code: 1310, together with its subsidiaries, the "Group") is an investment holding company. The Group is Hong Kong's largest provider of residential high speed fibre broadband (symmetrical 100Mbps to 1,000Mbps) services by number of subscriptions, and a fast growing enterprise solutions provider. The Group offers a full range of telecommunications solutions for both the residential and enterprise markets, encompassing broadband and Wi-Fi network services, cloud solutions, data connectivity, data facilities, system integration, mobile services, entertainment and voice communications. HKBN owns an extensive fibre network in Hong Kong, which covers over 2.2 million residential homes passed, representing approximately 81% of Hong Kong's total residential units, and 2,300 commercial buildings. HKBN embraces "Make our Hong Kong a Better Place to Live" as its core purpose, and takes great pride in developing its Talents into a competitive advantage. The Group is managed by about 340 Co-Owners who have invested their own savings to buy HKBN shares, representing the majority of supervisory and management level Talents in the Group. NiQ Lai, Chief Operating Officer and Co-Owner, joined 2004. NiQ has over 24 years of experience in telecom, research and finance industries. Prior to joining the Group, NiQ was Director and Head of Asia Telecom Research at Credit Suisse. In 2016, NiQ was chosen Best CFO in Hong Kong in the FinanceAsia Survey. As one of the pioneers shaping HKBN's unique Talent culture into a competitive advantage, he was named a Champion of Human Resources by The Hong Kong HRM Awards in 2009. In his youth, NiQ aspired to be a professional tennis player but a lack of sporting talent diverted him into the corporate track instead. NiQ holds a Bachelor of Commerce Degree from the University of Western Australia, and an Executive Master of Business Administration Degree from Kellogg-HKUST, Hong Kong. NiQ is a Fellow member of the Hong Kong Institute of Certified Public Accountants and CPA Australia. Andrew Wong, Financial Controller, joined 2006. Andrew joined the Group as Manager in 2006 and is now responsible for overall finance functions. During his 10 years with the Group, Andrew has been a key team member responsible for different capital projects such as the management buyout in 2012, the initial public offering in 2015, acquisition of New World Telecom in 2016 and several major refinancing projects between 2013 and 2016. Prior to joining HKBN, Andrew spent five years with KPMG in Hong Kong specializing in the telecommunications industry. He holds a Bachelor's Degree in Accounting and Law from the University of Manchester in the UK and an Executive Master of Business Administration Degree from the Chinese University of Hong Kong. He is also a member of the Hong Kong Institute of Certified Public Accountants. CY Chan, Associate Director -- Talent Management & Organization Development and Co-Owner, joined 2011. CY oversees HKBN's Talent management, organization development and performance improvement strategy and initiatives. He has over 15 years of experience in organizational change, HR and business development. As a business consultant and HR practitioner across different industries, CY has worked for Wilson Learning China, Dun & Bradstreet and Hutchison Global Communications, and was involved in large sized consultancy projects like partnership projects for MTR Corporation, raising commercial awareness of NGOs for the Social Welfare Department and leadership development programmes for over 60 organizations across the South China region. Believing that success starts with a clear purpose, he enjoys sharing his experience and hopes that he can be a catalyst for the career and life success of others. CY holds a Master of Science Degree in Strategic HRM from Hong Kong Baptist University and a Master of Social Science Degree in Applied Psychology from City University of Hong Kong. Amy Tam, Head of Legal & Company Secretary and Co-Owner, joined 2015. With over 20 years of experience in the legal field, Amy oversees the legal and regulatory aspects of the Group. Prior to joining HKBN, she worked in both private practice and as a Senior Legal Advisor for MTR Corporation Limited. Amy was admitted as a solicitor and practicing lawyer of Hong Kong by the High Court of Hong Kong in July 1991 and has been a member of the Law Society of Hong Kong since July 1991. In 1992, she was also admitted as a solicitor of the Supreme Court of England and Wales. Amy's expertise covers general commercial work, property management, compliance and corporate governance, China business and general litigation. She believes that by committing to a high standard of corporate governance practices, the integrity of the Group's operations is safeguarded and stakeholder trust is also maintained.
News Article | February 23, 2017
The 27th HKTDC Education & Careers Expo opened to the public free of charge today at the Hong Kong Convention and Exhibition Centre. The four-day event continues through 26 February and gathers more than 860 organisations from 22 countries and regions, including educational institutions, consulting firms, government departments as well as private enterprises to showcase a wealth of information on further studies, continuous education and job opportunities. Eddie Ng, Secretary for Education, Hong Kong Special Administrative Region (HKSAR) Government, officiated the opening ceremony this morning. He said the annual expo has established itself as a premier event providing the public with comprehensive and updated information on further studies, training and career openings. He added that the event also echoes government policy of providing diversified and flexible pathways for students. Speaking one day after the government unveiled its 2017/18 Budget, Mr Ng said, "Government investment in education ranks the highest among all policy areas; for every five dollars we spend, we spend one on education." He also pledged to launch various measures for students and job seekers to help pave the way for their future. Margaret Fong, Executive Director, HKTDC, noted that the expo continues to feature education and career theme days, providing students and job seekers with valuable information on further education and employment trends. She added that various seminars and activities are organised to evaluate job prospects in different industries and help young people to identify careers that best suit their talent and interests. - Brand new career theme days cater to industry needs - Responding to human resources needs of different industries, the expo features four career theme days spotlighting employment demand and trends of various sectors. The Tech & Innovation theme day (23 February) explores the trends in digital technology and research and development, areas that the government has been actively promoting in recent years. In addition to expert insights from industry representatives about the application of innovation technology in the commercial sector and aviation industry, the Vocational Training Centre (VTC) is showcasing some of the latest innovative projects jointly developed by its teachers and students. These include a smart drying rack that combines automatic sensors and a mobile app. Visitors can also get hands-on experience of the latest interactive technology such as controlling robots via smart devices and testing their skills in virtual reality (VR) games. A series of seminars highlighting opportunities in the creative sectors such as digital games, film, performing arts, fine arts, design, architecture and media are organised under the Arts theme day (24 February). With various large-scale infrastructure projects underway in Hong Kong, the industry is constantly seeking new talent. As such, the ever-popular Electrical & Mechanical theme day (25 February) returns to the expo. Formed by the Electrical Mechanical Services Department along with 18 related organisatons that include CLP Power Hong Kong Ltd, MTR Corporation Ltd and the Water Supplies Department, The Hong Kong E&M Trade Promotion Working Group explores industry prospects, provides information on training programmes and offers job opportunities on-site. Organised with the Hong Kong Federation of Youth Groups, the events on the Startup theme day (26 February) target young people who want to start their own businesses. Representatives from online stores, cafes and other businesses will share their stories and explore startup opportunities and challenges with visitors. Among them, founders of Y Cocktail & Mocktail and local artisanal beer brewery Mak's Beer will talk about their entrepreneurial journeys tomorrow (24 February). - 2,300 vacancies via on-site recruitment - Various government departments and public and private sector organisations are accepting on-the-spot job applications with over 2,300 job vacancies are expected to be offered, including those in the Police Force, Fire Services Department, Hong Kong Airport Authority, Aviation Security Company Ltd and Centaline Property Agency Ltd. Job seekers should bring their resumes for on-the-spot job application. To prepare students for employment, the Youth Zone offers information on internships and employment opportunities. Besides, representatives from the Labour Department are on hand to provide information on mainland jobs and overseas working holiday programmes, as well as the Youth Employment and Training Programme, which is designed to support local youth employment. - A one-stop career information hub - The expo's education theme days spotlight the Chinese mainland (23 February), Japan (24 February), Europe (25 February) and Australia and New Zealand (26 February). Representatives from these countries will provide the latest updates on overseas study opportunities. Visitors can learn about admission procedures, entry requirements and campus life by attending thematic activities and seminars. Due to keen interest in studying in Japan, the inaugural Japan theme day offers information on admission requirements of Japanese educational institutions and government scholarships. Regarding the Chinese mainland, the Scheme for Admission of Hong Kong Students to Mainland Higher Education Institutions covers 90 mainland higher education institutions, including Tsinghua University and Peking University. Representatives from the Office of the China Education Exchange (HK) Centre are ready to talk about trends and opportunities for further studies on the mainland. The newly launched "International Exchange Village" gathers various Consulate General (CG) offices and officially recognised bodies. Together, they provide visitors with a range of information and offer consultations on studying and working abroad. Participating CG offices include Hungary, Korea, Mexico, Sweden and South Africa, as well as countries along the "Belt and Road" such as Bangladesh, Cambodia, Czech Republic, Iran and the Philippines. Students can explore education and exchange opportunities in these countries. Other organisations such as VTC, Hang Seng Management College, The Open University of Hong Kong and Hong Kong Shue Yan University are available to discuss their respective curricula. Education programmes on arts and creative industries are also available via the Arts Education Section of Education Bureau, Hong Kong Academy for Performing Arts and Baron School of Music, offering students more channels to pursue their studies. - Celebrity sharing on job experiences - About 100 activities are organised throughout the expo, featuring further education and industry trends. Renowned speakers include Chairman of Hong Kong's Commission on Youth Lau Ming-wai (23 February) discussing the challenges of finding the right career path; media veteran Stephen Chan (24 February) and chairman of a digital game company Sze Yan-ngai (24 February) explaining technology, media, arts and giving advice on ways to turn personal interests into careers; and Hong Kong Jockey Club apprentice jockey Kei Chiong (25 February) will share her experience of chasing her dream to become a jockey. Other seminar highlights include practical tips on taking IELTS examinations as well as the Chinese skills in preparation for the Diploma of Secondary Education hosted by Dr Au Yeung Wai-hoo ("Ben Sir"), Senior Lecturer at the Chinese Language and Literature Department of the Chinese University of Hong Kong, and Yan Yuk-ki, author and consultant for the 5 Stars Chinese Compositions Series. A series of seminars on working holidays are also organised to present the application requirements and types of work available in Japan, Germany, France and other countries and regions. Date Career Theme Days Education Theme Days Thu 2/23 Tech & Innovation (New) Chinese mainland Fri 2/24 Arts (New) Japan (New) Sat 2/25 Electrical and Mechanical Europe Sun 2/26 Startup (New) Australia and New Zealand Fair website: http://www.hktdc.com/hkeducationexpo/ Event schedule: http://bit.ly/2lIz3TY Photo download: http://bit.ly/2lypzbX Media representatives wishing to cover the event may register on-site with their business cards and/or media identification. To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc. (Photo 1:) The 27th Education & Careers Expo opens today. Guests attending the opening ceremony include: (from left) Rachael McGuckian, Consul (Trade Commissioner), New Zealand Consulate-General, Hong Kong & Macao; Kuninori Matsuda, Ambassador and Consul-General, Consulate-General of Japan in Hong Kong; Margaret Fong, Executive Director, HKTDC; Eddie Ng, Secretary for Education, HKSAR Government; Eric Berti, Consul-General, Consulate General of France in Hong Kong and Macao; Carmen Cano De Lasala, Head of Office, European Union Office to Hong Kong and Macao; Ronald Chung Chi-kit, Deputy Executive Director, Vocational Training Council. (Photo 2:) Margaret Fong, Executive Director, HKTDC (second left) and Eddie Ng, Secretary for Education, HKSAR Government (left) visit the booth of The Hong Kong Federation of Youth Groups. About HKTDC Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn. Google+: https://plus.google.com/+hktdc Twitter: http://www.twitter.com/hktdc LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council Contact:
News Article | February 15, 2017
Still room for improvement for the newly-listed and new index constituents The Hong Kong Institute of Directors ("HKIoD") has today announced the results of the "2016 HKIoD Corporate Governance Score-card". The surveyed sample consisted of 120 firms versus 121 in the last survey in 2012. The survey also corresponded to the OECD Principles of Corporate Governance (2015 edition) to include new areas of assessment, such as risk management structure and functions, CSR reporting timeliness and quality, and structure of the corporate governance committee, reflecting corporate governance development that took place in the past few years and latest requirement. Comparing the two latest score-cards, excluding the new areas of assessment, the mean CGI score of sample companies in the 2016 survey improved by 5.1%. However, when it comes to the new assessment areas, the sample companies' performance appeared stagnant. The survey found, worthy of notice, room for improvement in corporate governance among companies newly listed and new constituents of indices in the past four years. That pointed to the need for company directors to stay up to speed with corporate governance developments and gain new knowledge so that they may drive the sustainable and professional development of the corporation that they serve. The regularly updated HKIoD Corporate Governance Score-card survey aims to document and evaluate corporate governance practices of the most representative of listed companies in Hong Kong, thereby helping Hong Kong-listed companies, policy makers and regulators to identify ways to improve corporate governance practices. The 2016 HKIoD Corporate Governance Score-card survey, sponsored by the Corporate Governance Development Foundation Fund, was conducted by a research team of the Centre for Corporate Governance and Financial Policy of Hong Kong Baptist University and with Prof Stephen YL Cheung (President, The Education University of Hong Kong) as advisor. The criteria of the survey were based on OECD Principles of Corporate Governance and the Corporate Governance Code of the Hong Kong Exchanges and Clearing Limited ("HKEX"). The 120 Hong Kong-listed firms were evaluated on five aspects: (1) Rights of shareholders; (2) Equitable treatment of shareholders; (3) Role of stakeholders: (4) Disclosure and transparency, and (5) Board responsibilities. The companies surveyed were constituents of the Hang Seng Index ("HSI"), Hang Seng HK Large Cap Index ("HSLI"), Hang Seng China-Affiliated Corporation Index ("HSCCI"), and Hang Seng China Enterprise Index ("HSCEI"). The survey findings were based on analyses of data of those companies published in 2015-2016. Some of the findings are below: HSI constituents performed the best among constituents of all four market indices Hang Seng Index (HSI): 74.69 Hang Seng China Enterprise Index (HSCEI): 72.77 Hang Seng HK Large Cap Index (HSLI): 72.14 Hang Seng China-Affiliated Corporation Index (HSCCI): 70.45 The energy sector leads the pack by industry Energy: 76.61 Industrials: 75.93 Financials: 74.61 Telecommunications: 73.85 Information Technology: 72.77 The 10 Companies with the Highest CGI Scores (in the order of stock code) CLP Holdings (2) HSBC Holdings (5) Hang Seng Bank (11) MTR Corporation (66) HKEX (388) CNOOC (883) Lenovo Group (992) China Shenhua (1088) COSCO Ship Port (1199) AAC Tech (2018) Mr. David Graham, Chief Regulatory Officer and Head of Listing of HKEX, said, "We congratulate HKIoD on the publication of its "Corporate Governance Score-card 2016", which helps the market gain a better understanding of the progress Hong Kong's listed companies have made in respect of their corporate governance practices, as well as areas that require improvement. Whilst it is particularly encouraging to see that, compared with a similar survey conducted four years ago, most companies have shown improvements in their corporate governance standards, it is important that HKEX continues to promote good corporate governance amongst its listed companies. This year, HKEX, with HKIoD's support, is launching a new directors' training programme which seeks to enhance the quality of directors and the effectiveness of boards." Mr Henry Lai, Chairman of HKIoD, said, "Promoting good corporate governance is the mission of HKIoD as good corporate governance is of utmost importance to the success of a company as well as the sustainable growth of the economy and competitiveness of Hong Kong as an international financial centre. Thus, HKIoD regularly examines and monitors major listed companies in Hong Kong and issues the Corporate Governance Score-card as a way to help develop a better system to assess local corporate governance standard. The score-card results can help companies, policy makers and the public to identify practical ways to improve corporate governance. This latest score-card is the fifth published by HKIoD and it was held in 2016 instead of 2015 to accommodate OECD changes. To our encouragement, the survey found Hong Kong-listed companies managing to continue to improve in corporate governance standards. We hope Hong Kong-listed companies can keep up their good work and HKIoD will spare no effort in assisting directors in their push to adopt best corporate governance practices in their corporations." Professor Stephen Cheung, President of The Education University of Hong Kong, who led the survey, said, "Good corporate governance is not static, but a process constantly evolving. A company cannot stop at meeting existing requirements, because new requirements based on international best practices and experience are continually surfacing and being promoted. This latest survey, for example, asked 30% more questions than the last. We found that, just using the same criteria as in the 2012 survey, the corporate governance standard of the surveyed companies improved on average, but when evaluated based on the updated standards, the companies had not made any advancement. Hence, it is important for Hong Kong-listed companies to take corporate governance more seriously and pay attention to the latest developments in good corporate governance practices." Dr Carlye Tsui, CEO of HKIoD, said, "By organising the Corporate Governance Score-card, HKIoD aims to encourage corporations to keep enhancing their corporate governance practices and push for greater transparency in disclosure, thereby boosting stakeholders' confidence in the company's corporate governance performance. We also hope directors of companies would pay attention to the message behind the scores and use the Corporate Governance Index as reference to measure the corporate governance practices of their respective companies, helping to put in place better practices and hence raise the value of the company. As a facilitator of corporate governance and director professionalism, HKIoD organises over 100 courses of director training every year, with the scope covering rules and regulations, as well as strategies, culture and practices. We will heed the topics and recommendations in the latest score-card in updating relevant educational and training programmes for directors." About The Hong Kong Institute of Directors The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com. To order the full report: http://www.hkiod.com/scorecard.html About Centre for Corporate Governance & Financial Policy at Hong Kong Baptist University The mission of this cross-disciplinary research centre is to improve the quality of public debates and policies on major corporate governance and related financial policy issues, and to promote best practice in the area. It aspires to be a centre of excellence on corporate governance studies in the region. Website: ccgfp.hkbu.edu.hk Contact: The Hong Kong Institute of Directors Ronald Wu Tel: +(852) 2889 1414 Fax: +(852) 2889 9982 Email: Media Enquiries: Strategic Public Relations Group Limited Eveline Wan +852 2864 4822 Brenda Chan +852 2114 4396 Chak Yau +852 2114 4395 Fax +852 2114 4948 The Hong Kong Institute of Directors Announces Winners of Directors Of The Year Awards 2016 Directors Of The Year Awards 2016 Now Open for Nomination
Tanyu B.F.,George Mason University |
Aydilek A.H.,University of Maryland University College |
Lau A.W.,MTR Corporation |
Lau A.W.,University of Wisconsin - Madison |
And 2 more authors.
Geosynthetics International | Year: 2013
Large-scale experiments with cyclic loading were conducted to determine how incorporation of high-density polyethylene (HDPE) geocells affects the rutting properties of working platforms and resilient properties of a subbase in a pavement structure over soft subgrades. Four different geocells were used in this study to reinforce common subbase/base course gravel. Experiments were performed with 225 mm and 450 mm thick unreinforced and reinforced gravel and a crushed rock that is typically used for conventional cut-and-fill working platforms. Experiments were conducted to simulate loading conditions both during construction due to construction equipment and after construction due to traffic conditions over the asphalt pavement once the pavement structure is constructed. Materials used in this study were compacted to 90% relative compaction based on standard Proctor to determine the effect of geocells specifically with gravel material that is compacted to lower than typical standards. Deflections, modulus of subgrade reaction and resilient modulus of each section were evaluated. In summary, presence of geocells reduced the plastic deflection of the working platforms by 30-50%, improved the resilient modulus of the subbase by 40-50%, and the modulus of subgrade reaction by more than 2 times. © 2013 Thomas Telford Ltd.
Lam H.F.,City University of Hong Kong |
Wong M.T.,MTR Corporation
Procedia Engineering | Year: 2011
This paper reports a feasibility study in the use of measured modal parameters of in-situ concrete sleepers to detect possible damage of the underlying railway ballast. There are many methods developed for monitoring and damage detection of the rail track. However, the detection of ballast damage still heavily relies on visual inspection and destructive core test. In this feasibility study, a typical plain ballasted track with concrete sleeper is considered. In the proposed method, ballast under sleeper is modelled as an elastic foundation. Ballast damage is defined as ballast degradation and ballast cementation with the accumulation of fines. When the ballast is damaged, the stiffness provided in supporting the sleeper will reduce, and the vibration characteristic of the in-situ sleeper will be altered. This paper studies the possibility to detect the damage status of ballast under a sleeper by monitoring the vibration of the corresponding sleeper through simple impact hammer test. This paper not only presented the theoretical development but also the numerical verifications.
Leung P.C.M.,City University of Hong Kong |
Leung P.C.M.,MTR Corporation |
Lee E.W.M.,City University of Hong Kong
Applied Energy | Year: 2013
According to the records of Hong Kong rail operator, MTR Corporation, the weekly electrical consumption of each railway station ranges from 18. MWh to 230. MWh. Since the electrical consumption of stations is a major factor in the planning of infrastructure, a good prediction of the electrical consumption will greatly assist in the design of the station infrastructure. This study develops an intelligent approach to predict the energy consumption of railway stations. Multi-layered Perceptron (MLP) is adopted to mimic the non-linear correlation between energy consumption, the spatial design of the station, meteorological factors and also the usage of the 19 stations selected. Coefficient of correlation is obtained between the MLP predicted results and the actual collected data to evaluate the performance of the prediction. We apply statistical approach to assess the performance of the developed MLP model. It shows that minimum coefficient of correlation is 0.96 with a 95% confidence level which is considered sufficient for engineering application. This approach is also adopted to predict the profile of the weekly electrical consumption of a selected station. The predicted profile reasonably agrees with that of the actual consumption. This study develops a useful tool to estimate the electrical power consumption of new MTR stations. © 2012 Elsevier Ltd.
MTR inc. | Date: 2012-08-08
An example includes an apparatus for releasing a railroad gate in at least two directions. The example includes a primary pivot member and a secondary pivot member pivotally connected to the primary pivot member, with one end of the railroad crossing connectable to the secondary pivot member. In the example the primary pivot member is rotable around a primary pivot of the apparatus, the primary pivot member rotable in a first direction against a first spring bias and in a second direction, opposite the first direction, against a second spring bias other than the first spring bias, and wherein the secondary pivot member is rotable around a secondary pivot of the apparatus, the secondary pivot member rotable in the first direction against a third spring bias other than the first spring bias and the second spring bias.
Mtr Inc. | Date: 2014-02-03
A multiple direction railroad gate release mechanism which is attached between the mount arms of a railroad gate actuator and a crossing arm to prevent breakage of the crossing arm due to impingement in either a frontal or rearward direction by a vehicle or other outside force. A primary pivot arm assembly allows a released movement of the crossing arm in reaction to frontal impingement and returns the crossing arm to the original and detent position subsequent to an impingement in order to maintain grade crossing protection. Spring assemblies, a shock absorber and a spring centering assembly act to return the primary pivot arm assembly and attached crossing arm to a normal detent position. A secondary pivot arm assembly is secured to the primary pivot arm assembly whereby the secondary pivot arm assembly can act independently of the primary pivot arm assembly to allow released movement and return of the crossing arm in reaction to rear impingement.
News Article | November 7, 2016
HONG KONG, Nov. 7, 2016 /PRNewswire/ -- JC Group Holdings, a subsidiary of JC Group, topped a large number of Hong Kong-listed competitors to win the Hong Kong Outstanding Enterprise 2016 award at the Hong Kong Outstanding Enterprises Parade 2016 Dinner held by Economic Digest, a leading financial magazine in Hong Kong, on November 1. The award served as a testament to JC Group's strengths and to the high level of recognition by international capital markets and the economic community in Hong Kong. "JC Group is a modern financial service group committed to the integrated urban development. Its subsidiary JC Group Holdings leverages its own resources and strategic platform to help JC Group further its strategy of servicing new urbanization development worldwide and drive economic growth in Hong Kong and the wider world," said Wei Jie, chairman of JC Group and JC Group Holdings, at the award ceremony. Established over 30 years ago, Economic Digest is an iconic and authoritative financial magazine in Hong Kong. Since 2004, Economic Digest has been hosting the Hong Kong Outstanding Enterprises Parade, an annual event. This year, 22 listed companies won the Hong Kong Outstanding Enterprise 2016 award. In addition to JC Group Holdings, the lineup of winners also included New World Development, MTR Corporation and The Bank of East Asia. Among the winners, JC Group Holdings was highlighted as one of the fastest growing and most promising. On May 12, 2016, Mr. Wei struck the gong at the Hong Kong Stock Exchange and announced the firm's entry into international capital markets by starting to trade publicly in Hong Kong. When asked by journalists who attended the event why the company chose to list in Hong Kong, Mr. Wei commented, "Hong Kong is an international metropolis with well-developed capital and stock markets. I look forward to demonstrating our commitment to openness and transparency through the open and transparent market in Hong Kong." JC Group expects to attract more attention with the listing of JC Group Holdings. While furthering its pace in globalization, JC Group plans to continue its in-depth exploration of the regional markets. The focus on regional markets, a distinction that is noted when the group is compared to its peers, plays a key role in its development in diversified market segments. As JC Group builds out and expands its presence in Japan, South Korea, Taiwan and beyond to other countries or regions, the group will continue to combine the advantages it has derived as a result of the regional specialization. The approach is expected to support the group's development strategy of making use of advanced technologies and management principles that have been brought in from abroad while sticking to its Chinese traditional values. In addition to improving the firm's industrial chain by capitalizing on its unique regional resources, JC Group is also boosting exchanges between Chinese industries and Asian markets. JC Group expects to gain access to high-quality resources worldwide, by leveraging the Asian market as a platform for better servicing progress in new urbanization all over the world. "JC Group has made great strides in the growth of its global businesses. Today, we are well positioned to bring on board advanced technologies in addition to highly capable talents and adopt the most effective management styles from across the world, including Canada, South Korea, Hong Kong, Taiwan and Japan," said Mr. Wei in a recent speech made at Tongji University. He added that JC Group aims to drive overall economic growth and respond to challenges facing the current world economy by promoting new urbanization development.
News Article | November 30, 2016
HONG KONG, Nov. 30, 2016 /PRNewswire/ -- Asiaray Media Group Limited ("Asiaray" or the "Group;" stock code: 1993), a leading out-of-home media company with a strategic focus on airport and metro line advertising, has renewed the advertising agency services contract with MTR Corporation Limited ("MTR") for its shopping malls and commercial premises in Hong Kong following a competitive tender. The renewed five-year contract with MTR will commence on 1 January 2017, covering outdoor billboards of commercial premises and shopping malls situated at central business districts and high-traffic areas along the MTR metro lines respectively. Asiaray has been operating the media resources at MTR's properties and shopping malls since 2008. In addition, the Group is also the exclusive advertising agents of MTR's four metro lines (including East Rail Line, West Rail Line, Ma On Shan Line and Light Rail), MTR buses and the exhibition areas along the East Rail Line in Hong Kong. Mr. Vincent Lam, Founder, Chairman, Chief Executive Officer and Executive Director of Asiaray, said, "We are delighted about the successful contract renewal which demonstrates MTR's recognition of Asiaray's capability in the out-of-home (OOH) advertising leveraging our pioneering space management model and five senses approach. Asiaray and MTR have been cooperating closely and continuously since 2008. With the new contract signed, our cooperation with MTR is going to last over 10 years. Our commitment to this long-standing relationship has enabled us to achieve outperformance in our metro business in Hong Kong throughout the years. We will continue to be dedicated in enhancing the transit ambience and journeys to the MTR passengers through innovative advertising solutions." Established in 1993 and listed on the Main Board of The Hong Kong Stock Exchange in 2015, Asiaray is a leading out-of-home media company in Greater China with a strategic focus on airport and metro line advertising. It is currently ranked first among privately-owned media companies in terms of number of airports and second in terms of number of metro lines with exclusive concession rights to mainstream media resources and revenue in Greater China. Through its constant efforts in expanding media resources with strategic value, the Group has now secured exclusive concession rights of mainstream media resources at 27 airports* and 12 metro lines. Currently, the annual aggregate passenger throughput of all airports covered by the Group reached 225.6 million as at the end of 2015, approximately one-fourth of all the airports across Mainland China. In August 2016, Asiaray was also appointed as the exclusive advertising agency of FIA Formula E at the Central Harbourfront, Hong Kong. With an extensive nationwide network of media resources covering 37 cities in Greater China, the Group leverages its well-developed space management model to deliver integrated, creative out-of-home media solutions to renowned and diverse advertising customers. For more details about Asiaray, please visit its official website: www.asiaray.com.