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HONG KONG, Jan. 22, 2021 /PRNewswire/ CLPS Incorporation (Nasdaq: CLPS) ( CLPS or the Company ), today announced its strategic investment, through its wholly owned subsidiary, ChinaLink Professional Services Co. Ltd., in Shanghai Shier Information Technology Co., Ltd. ( SSIT ), an e-commerce services provider. CLPS has indirectly taken 35% ownership stake in SSIT as part of the Company s growth strategy to diversify its business model.
SSIT develops and offers e-commerce platform products integrated with rebate program as its main and unique feature. Its products include the Group Store , an online one-stop shop platform exclusive for an enterprise s employees; and Duoshouji , a mobile application available for all Android and iOS users. SSIT has partnered with over 10 leading e-commerce companies, catering to hundreds of brands in China and to its over 100,000 registered users, of which more than 50% are active users. SSIT has attracted
ABS-CBN Corporation will be held virtually or conducted through remote communication via
https://abs-cbn.com/investors/SSM2021 on February 2, 2021 at 9:00 a.m. or if prevailing circumstances will allow, at the Dolphy Theatre, ABS-CBN Corporation Broadcast Center, Quezon City to discuss the following:
A G E N D A
Call to Order
Certification of Presence of Quorum
Approval of the ABS-CBN Stock Purchase and Stock Grant Plans
Other Business
Adjournment
For purposes of the meeting, only stockholders of record as of January 11, 2021 are entitled to attend and vote in the said meeting.
Given the current circumstances, stockholders may only attend the meeting by remote communication, by voting in absentia, or by appointing the Chairman of the meeting as proxy, unless otherwise announced by the Corporation that physical meeting will be allowed.
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MANILA, Philippines, Jan. 12, 2021 /PRNewswire/ International debt watcher Fitch Ratings has kept the Philippines investment grade credit rating of BBB with a stable outlook, citing the manageable fiscal situation despite the COVID-19 crisis and favorable growth prospects amid a declining number of daily confirmed COVID-19 cases, according to Bangko Sentral ng Pilipinas (BSP). BBB is one step above the minimum investment grade, while a stable outlook indicates absence of factors that could trigger adjustment in the rating within the short term.
By keeping its credit rating, the Philippines continues to stand out in the international financial community amid a wave of negative credit rating actions, which resulted from adverse impacts of the pandemic on the performance and credit profiles of many economies.
[December 29, 2020]
CLPS Incorporation Acquires Remaining Ownership Stake of Ridik to Further Advance Global Footprint
HONG KONG, Dec. 29, 2020 /PRNewswire/ CLPS Incorporation (Nasdaq: CLPS) ( CLPS or the Company ), today announced that, through its indirectly wholly owned subsidiary, CLPS Technology (Singapore) Pte. Ltd., it has acquired the remaining 20% ownership stake in Ridik Pte. Ltd. ( Ridik ), a Singapore-based IT services company in which CLPS initially acquired 80% equity in September 2019. As a result, Ridik is now a wholly owned subsidiary of CLPS.
CLPS has achieved significant growth in the Southeast Asia market since the initial acquisition of Ridik. For the year ended June 30, 2020, revenue generated from Singapore increased by 191.8% to $7.37 million compared to the previous year period. With Ridik s financial growth contribution and business development potential, it will further drive the Company s global expansion strategy, including healthier overseas fi