PRIMER SECURES US$100 MLN FUNDING FOR AI, US EXPANSION

Primer leadership team pictured left to right. Top row: Pierre-Edouard Jumel (CFO), Gabriel Le Roux (Co-Founder and CEO), Sam Elgar (VP Merchant Experience) and Theo Spyrides (VP Product). Bottom row: Caitriona Staunton (VP People), Alex Mallet (CTO), Jade Maitland (VP Marketing) and Mikael Minvielle (COO).

KUALA LUMPUR, May 20 (Bernama) -- Primer, the unified infrastructure for global payments, has secured a US$100 million Series C funding round as it expands its artificial intelligence (AI)-enabled operating layer for global payments and finance. (US$1=RM3.97)

The funding round was led by Sofina, with participation from Peak XV Partners and continued backing from existing investors, including Balderton Capital, Accel, ICONIQ Capital, Tencent, and Speedinvest.

In a statement, Primer said the new funding will support expanded investment in AI capabilities, including the development of its proprietary AI agent, Primer Companion.

The company said Primer Companion is already being used by merchants to address payment-related queries and generate contextual insights, with future capabilities expected to include autonomous experimentation, performance optimisation, and execution within merchant-defined parameters.

Primer said fragmented payment data across processors, acquirers, and fraud tools remains a major challenge for businesses seeking to deploy AI-driven payment systems effectively.

Founded in 2020, the company said its unified payments infrastructure captures more than 400 data points per transaction and manages more than 95 per cent of customer payment volume on average.

According to Primer, the United States (US) currently accounts for around one-fifth of company revenue, with annual recurring revenue in the region doubling year-on-year.

The company plans to increase US revenue to more than one-third of its business by 2028 and expects to hire up to 50 employees in the region to support its expansion strategy.

-- BERNAMA

SAMSUNG BIOEPIS LAUNCHES FIRST PRODUCT IN JAPAN UNDER NIPRO PARTNERSHIP

KUALA LUMPUR, May 20 (Bernama) -- Samsung Bioepis Co Ltd has launched Ustekinumab BS 45 mg Syringe for S.C. Injection「 NIPRO」, a biosimilar referencing Stelara (ustekinumab), marking its first product launch in Japan with NIPRO Corporation (NIPRO).

According to Samsung Bioepis in a statement, the launch follows the product’s listing under Japan’s National Health Insurance (NHI) Drug Price Standard, which became effective following an Official Gazette announcement on May 19.

“Together with our partner NIPRO, we look forward to supporting patients living with autoimmune diseases and contributing to the sustainability of Japan's healthcare system by providing quality-assured, safe and effective biosimilar options,” said Samsung Bioepis Vice President and Head of Commercial Strategy for International Markets, Jinhan Chung.

Ustekinumab is a human immunoglobulin G1 kappa monoclonal antibody designed to prevent abnormal regulation of IL-12 and IL-23 associated with immune-mediated diseases.

Japan’s Pharmaceuticals and Medical Devices Agency granted marketing authorisation for the product in December 2025 for the treatment of plaque psoriasis and psoriatic arthritis.

Samsung Bioepis said it formed a strategic partnership with NIPRO in June 2025 to develop and commercialise multiple biosimilar candidates in Japan, including ustekinumab.

The company added that its ustekinumab biosimilar is already available under different brand names across the European Union, South Korea, the United Kingdom, and the United States.

-- BERNAMA

CLOUDFLARE, ANTHROPIC TO PROVIDE SECURE, SCALABLE FOUNDATION FOR AUTONOMOUS AI

KUALA LUMPUR, May 20 (Bernama) -- Cloudflare Inc, the leading connectivity cloud company, is collaborating with Anthropic to launch Cloudflare Environments for Claude Managed Agents, aimed at providing a secure and scalable foundation for autonomous artificial intelligence (AI) agents.

The integration enables organisations to run core agent loops on Anthropic’s Claude platform while leveraging Cloudflare’s global network and Workers developer platform to execute code, secure private connections, and equip agents with specialised tools.

Cloudflare in a statement said the platform is designed to help developers build next-generation AI assistants quickly and securely at a global scale.

Cloudflare co-founder and chief executive officer, Matthew Prince said the partnership would enable businesses to securely execute code and access private data using Cloudflare’s network infrastructure.

“Now, businesses can focus on building the most innovative AI applications on the planet,” he said.

According to Cloudflare, the platform provides secure sandboxes for every AI agent session through a Workers-based control plane, while security and compliance controls are automatically applied.

The company said the infrastructure allows organisations to maintain strict security standards while scaling AI initiatives from prototypes to large-scale deployments without infrastructure bottlenecks.

Cloudflare Environments for Claude Managed Agents also enables developers to scale globally with diverse runtimes, secure sensitive data through Zero-Trust connectivity, audit agent behaviour using native observability tools, and extend agent capabilities through customisable frameworks.

The launch of Cloudflare Environments marks the latest milestone in its ongoing collaboration with Anthropic to strengthen AI connectivity and infrastructure capabilities.

-- BERNAMA

HACK THE BOX HIGHLIGHTS AI CYBERSECURITY SKILLS SHIFT

KUALA LUMPUR, May 20 (Bernama) -- Hack The Box, the global leader in artificial intelligence (AI) cybersecurity readiness, has released its Cybersecurity Workforce Intelligence Report, highlighting how AI is reshaping cybersecurity skills, career paths, and team structures globally.

Based on anonymised data from more than 702,000 cybersecurity professionals across 251 countries and territories, the report found growing demand for advanced AI-related skills and more integrated cybersecurity team models.

The findings suggest that as AI transforms both cyberattacks and defence strategies, the effectiveness of organisations will increasingly depend on workforce adaptability, readiness, and cross-functional expertise rather than technology alone.

According to Hack The Box in a statement, organisations are accelerating investments in AI security capabilities, with AI penetration testing emerging as a leading global training priority.

Cybersecurity practitioners are also placing greater focus on risks such as prompt injection, model exploitation, and agentic AI attacks, reflecting changing approaches to workforce preparation.

The report noted that traditional role boundaries are becoming less rigid, with growing overlap between offensive and defensive cybersecurity training supporting a more collaborative “purple-team” model.

Structured hands-on training programmes are accelerating this transition, with AI-focused training completion rates reaching 64 per cent, reinforcing the role of organisation-led learning in building advanced cybersecurity capabilities.

To remain effective in an AI-driven environment, the report said security leaders should prioritise AI security skills, expand global talent pipelines, invest in integrated training models, and commit to continuous workforce upskilling.

-- BERNAMA

MOBIX LABS TARGETS CRITICAL MINERALS SUPPLY CHAIN WITH SPD DEAL

KUALA LUMPUR, May 15 (Bernama) -- Mobix Labs has unveiled plans to expand into the strategic rare earth and critical minerals sector through a proposed acquisition of Special Project Delivery LLC (SPD), a United States (US)-based supply chain platform.

According to a statement, the proposed acquisition would expand Mobix Labs’ national security operations into the supply chain supporting modern defence, aerospace, and artificial intelligence infrastructure.

Mobix Labs currently supplies technologies for US and allied fighter jets, missiles, submarines, and satellites.

The company said the Letter of Intent is non-binding, and there can be no assurance that a definitive agreement will be executed or the proposed transaction completed.

-- BERNAMA

MARY KAY LAUNCHES GLOBAL SOCIAL SQUAD PILOT PROGRAM TO STRENGTHEN DIGITAL ENGAGEMENT

 

The Global Social Squad ignites a diverse and talented group of 73 Mary Kay Independent Beauty Consultants with representation across 15 markets in four regions: North America, Asia Pacific, Latin America, and Europe. These digital leaders create engaging, high-quality content, participate in global campaign activations, and share practical social media strategies with their communities and other Independent Beauty Consultants, fuelling both brand relevance and business growth. (Image Courtesy: Mary Kay Inc.)

KUALA LUMPUR, May 15 (Bernama) -- Mary Kay Inc has launched its Global Social Squad (GSS) Pilot Program, an initiative aimed at strengthening digital engagement by empowering Independent Beauty Consultants (IBCs) as brand advocates and social media content creators.

The programme, which will be introduced in selected markets worldwide in 2026, is part of the company’s broader strategy to expand its presence in an increasingly social-first business environment and enhance engagement with consumers across digital platforms.

According to Mary Kay, the GSS brings together IBCs who are recognised for their creativity, authenticity and social media capabilities to produce digital content, participate in global campaigns, and share social media strategies with their communities and fellow consultants.

Mary Kay Chief Opportunity and Sales Officer, Tara Eustace said the programme is intended to help consultants strengthen digital storytelling and consumer engagement in a social-first business environment.

In a statement, the company said the initiative is also expected to support brand visibility, increase product discovery through user-generated content, and strengthen peer-to-peer learning within the Mary Kay community.

A total of 73 members have been selected for the pilot programme, representing 15 markets across North America, Asia Pacific, Latin America and Europe.

Participants will receive exclusive merchandise, take part in content-based challenges, and gain access to training and development opportunities throughout the year.

Mary Kay said the pilot programme will allow the company to evaluate and refine the initiative ahead of a potential wider rollout beginning in 2027 and beyond.

The global leader in beauty and entrepreneurship added that the programme forms part of its efforts to develop a scalable business model that combines entrepreneurship, creativity, and personal connection.

-- BERNAMA

Green Building Initiative Announces Departure of CEO Vicki Worden

 

Vicki Worden, CAE, led GBI to achieve tremendous growth during her 11-year tenure; The Honorable Stephen T. Ayers, FAIA, appointed as GBI Interim CEO


PORTLAND, Ore., May 13 (Bernama-GLOBE NEWSWIRE) -- Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff.

“Vicki Worden’s tenure has been defined by an unwavering commitment to expanding GBI’s mission impact,” stated Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions. “Under Vicki’s leadership, GBI evolved from a U.S.-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide and positioned GBI as a leading certifier across multifamily housing, health care facilities, data centers, and beyond. We are deeply grateful for everything Vicki has brought to this organization and wish her great success as she continues to advance mission-driven leadership.”

GBI’s mission is to improve the built environment’s impact on climate and society. Its community of 15,000 is united by a vision of sustainable, healthy, and resilient buildings for all.

Prior to her leadership at GBI, Worden’s experience included interim CEO roles and senior executive roles in the Washington, D.C., association community as well as more than ten years running her own strategic management consulting firm based in Maryland and Maine. She has been a significant force in sustainability and built environment spaces for more than 30 years.

“I am deeply grateful for the partnership of GBI’s Board members over my eleven years and for our joint commitment to meaningful growth,” stated Worden. “GBI is known for its culture of service, collaboration, transparency, and teamwork, and it is a culture we built intentionally to support our vision and mission. It has been an honor to serve alongside GBI’s highly passionate members, assessors, clients, and staff. I know I’m leaving GBI in great hands as it continues to advance and increase its positive impact in its next evolution.”

Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement.

For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO. Ayers is a nationally recognized leader in architecture, public service, and organizational transformation, with a distinguished career spanning government, nonprofit, and private sector roles. He most recently has served in multiple interim chief executive roles, including Interim CEO of the National Institute of Building Sciences (twice, in 2022 and 2024) and Interim CEO of the American Institute of Architects in 2025, where he provided steady leadership during pivotal transition periods and helped position each organization for long-term success. Mr. Ayers previously served as the 11th Architect of the Capitol, appointed by Barack Obama and unanimously confirmed by the United States Senate.

About GBI

GBI, Inc. is an international nonprofit organization and American National Standards Institute (ANSI) Accredited Standards Developer whose mission is to improve the built environment’s impact on climate and society. Founded in 2004, the organization is the global provider of the Green Globes®, Journey to Net Zero™, Guiding Principles Compliance™, and Ascent Building Certification™ programs, and it is the parent company of GB Initiative Canada. GBI also issues professional credentials, including the Green Globes Professional (GGP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to become involved with GBI, contact info@thegbi.org or visit the GBI website at www.thegbi.org.

MEDIA CONTACT
Joe Kurle, Director of Marketing & Communications, GBI jkurle@thegbi.org 

SOURCE: Green Building Initiative

PDI Technologies, The Retail Marketeers Honour Six Women In Europe’s Convenience Retail, Mobility Sectors

KUALA LUMPUR, May 11 (Bernama) -- PDI Technologies and The Retail Marketeers announced the recipients of the 2026 European Female Leaders in Convenience Awards, recognising women leaders in Europe’s convenience retail and mobility sectors.

Presented by PDI Technologies for the second consecutive year, the awards programme honours executives for leadership, innovation and strategic contributions across the industry, according to a statement.

The initiative builds on the inaugural 2025 programme and aims to increase visibility for women in senior leadership positions as the sector navigates digital transformation, changing consumer behaviour and the energy transition.

The recipients were selected by a nomination committee and judging panel chaired by PDI Technologies executive vice president and general manager, International, Dawn Desai, and The Retail Marketeers owner and managing director, Christian Warning.

Desai said the programme highlights leadership combining operational performance, strategic direction and customer-focused innovation during a period of industry transformation.

Meanwhile, Warning said the awards recognise the growing role of women leaders in shaping the future of the convenience and mobility sectors across Europe.

The 2026 recipients are Agnieszka Bobrukiewicz, Alicia Cruzado Lopez, Louise Eckford, Judy Glover, Zsuzsa Hordai and Anna Wallenberg.

Together, the 2026 honourees represent a cross-section of Europe’s convenience and mobility industries, spanning fuel retail, hospitality, merchandising and strategic operations.

The awards ceremony is scheduled to take place on Nov 11 during The Retail Marketeers Convenience Leaders Convention 2026 in Hamburg, Germany.

-- BERNAMA

AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.

HONG KONG, May 11 (Bernama-BUSINESS WIRE) -- AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Tokio Marine Newa Insurance Co., Ltd. (TMNewa) (Taiwan). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect TMNewa’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), which is the main insurance operating entity of Tokio Marine Holdings, Inc.

Established in 1999 by Yulon Group, a major automobile conglomerate in Taiwan, and later partnered with Tokio Marine Group, TMNewa is the fourth largest non-life insurer in Taiwan, with a 7.6% market share in 2025. TMNF is currently the controlling shareholder with a 50.18% stake, while Yulon Group has a collective shareholding of 49.48% via its subsidiaries, namely China Motor Co., Ltd., Yulon Motor Co., Ltd. and Yulon Finance Co., Ltd. Leveraging Yulon Group’s extensive network of car dealers, motor insurance is the largest product line in TMNewa’s underwriting book, constituting approximately 70% of gross premiums written in 2025, followed by other key products including commercial fire, casualty, and accident and health.

TMNewa’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed at the strongest level at year-end 2025, and is expected to further improve over the short to intermediate term. The company’s capital and surplus (C&S) has grown robustly through full profit retention, in addition to significant recovery from four rounds of material capital injections from shareholders in 2022 and 2023, after experiencing material underwriting loss from pandemic-related products. Other supporting factors include a conservative investment portfolio heavily weighted toward cash and high-quality fixed-income investments, financial flexibility from shareholders and supportive liquidity.

AM Best views TMNewa’s operating performance as adequate, as demonstrated by a track record of favourable operating performance, apart from a one-time underwriting loss in 2022. The company reported modest top-line growth in 2025, partially attributed to slower expansion in the major motor and commercial fire lines, following a period of double-digit expansion between 2022 and 2024. The return on equity (based on adjusted C&S) was 25.7% in 2025, supported by an improved net loss ratio, due to continued control over claims experience in two major product lines. The expense ratio benefits from the company’s sustained control over management expenses and commissions, along with the increased scale, and remains below the market average. The company’s investment portfolio continues to generate favourable results, supported by steady income streams from interest and dividend. Going forward, TMNewa is targeting profitable growth in non-motor business lines, including fire and liability insurance for small to medium-sized enterprises, while being disciplined on large commercial risks.

As a subsidiary of TMNF, the company receives various implicit support from TMNF, including management oversight, risk framework and governance, underwriting know-how, product development, investment and innovation.

Negative rating actions could occur if there is a material deterioration in TMNewa’s balance sheet strength assessment. Negative rating actions also could arise if there is a reduced level of support from the parent company, which may have a negative impact on TMNewa’s ratings. Although it is unlikely in the near term, positive rating actions could occur if TMNewa is able to achieve sustained improvement in its operating performance, while its balance sheet strength fundamentals remain robust.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: 
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Contact

Stephanie Mi
Senior Financial Analyst
+852 2827 3402
stephanie.mi@ambest.com

James Chan
Director, Analytics
+852 2827 3418
james.chan@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Source : AM Best

​VCI Global Enters Binding Term Sheet for Strategic Investment in Brazil Gold Asset, Advancing Integration of Physical Gold into RWA and Digital Asset Treasury Strategy

Structured Entry with Operational Role and Potential Majority Ownership, within A Sector Defined by Institutional Scale Gold M&A Activity

KUALA LUMPUR, Malaysia, May 8 (Bernama-GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced that it has entered a binding term sheet in relation to a proposed strategic investment in a gold mining asset located within an established gold-producing region in Brazil.

Based on preliminary technical information provided to the Company, the asset is estimated to contain approximately 59.9 tonnes of gold resources (equivalent to approximately 1.9 million ounces). This estimate is preliminary in nature and subject to further technical validation, independent verification, and compliance with applicable mineral resource reporting standards.

Under the terms of the binding term sheet, VCI Global intends to make an initial investment in the project and is expected to assume a role as Engineering, Procurement, and Construction (EPC) partner, subject to the execution of definitive agreements. The Company will also retain an option to increase its ownership interest to up to 51%, subject to the satisfaction of agreed conditions, milestones, and the execution of definitive agreements.

The project remains at an early development stage. Any progression toward development, construction, or potential future production will be subject to technical assessments, permitting, financing arrangements, and operational execution. There can be no assurance regarding timing, development outcomes, or commercial viability.

This proposed investment is aligned with the Company’s broader capital allocation strategy, including its ongoing evaluation of real-world asset (RWA) initiatives and digital asset infrastructure. The Company continues to assess how physical commodity-linked assets, such as gold, may potentially interface with structured financial frameworks under its RWA-focused initiatives. Any such development remains at an exploratory stage and is subject to regulatory, technical, and commercial considerations.

The transaction is expected to be supported by a phased capital deployment plan, which may include funding for further technical studies and development activities. Any potential fundraising activities will be undertaken in accordance with applicable regulatory requirements and prevailing market conditions.

In accordance with the terms of the transaction and for strategic reasons, the identity of the asset and counterparties has not been disclosed at this stage. Further information will be provided as and when appropriate, subject to regulatory and contractual considerations.

“This transaction reflects our disciplined approach to evaluating strategic opportunities within commodity-linked assets. It provides a structured pathway to assess both the technical and operational potential of the project, while remaining subject to due diligence, definitive agreements, and regulatory approvals,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.

About VCI Global Limited

VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.

The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.

VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.

The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.

VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.

For more information on the Company, please log on to https://v-capital.co/.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

VCI GLOBAL LIMITED
enquiries@v-capital.co   

SOURCE: VCI Global Limited 

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA 

AM BEST AFFIRMS VIETNAM NATIONAL REINSURANCE CREDIT RATINGS

KUALA LUMPUR, May 4 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE).

The outlook of these credit ratings (ratings) is stable, reflecting VINARE’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

VINARE’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was at the strongest level at year-end 2025 and is expected to remain at this level over the medium term.

Offsetting factors include moderate investment risk driven by equity holdings, as well as reliance on retrocession for large commercial risks, although associated credit risks are partly mitigated by the sound quality of counterparties, according to AM Best in a statement.

The global credit rating agency assesses VINARE’s operating performance as strong, supported by its five-year average return-on-equity ratio of 10.8 per cent (fiscal years 2021 to 2025).

The company has generated robust underwriting profits, supported by favourable underwriting performance of its commercial businesses, although partially offset by a higher expense ratio. Investment income remains the key contributor to its overall earnings, with a net investment income ratio of 22.6 per cent in fiscal year 2025.

Prospectively, AM Best expects VINARE to maintain strong operating performance, supported by its core commercial business and stable investment income.

As Vietnam’s national reinsurer, VINARE benefits from long-standing relationships with local cedants and derives the majority of its premium from the domestic market. The company maintains a well-diversified underwriting portfolio across business lines, although it remains exposed to elevated product risk due to its sizable commercial and industrial risk exposure.

VINARE’s ERM is assessed as appropriate, supported by its risk management framework and technical expertise, including support from its second-largest shareholder, Swiss Reinsurance Company Ltd.

-- BERNAMA

ION EXCHANGE, MANN+HUMMEL PARTNER ON ADVANCED MEMBRANE SOLUTIONS

KUALA LUMPUR, May 4 (Bernama) -- Ion Exchange (India) Ltd, a global total water and environment management solutions provider, has entered into a strategic collaboration with MANN+HUMMEL to manufacture advanced membrane solutions and expand technology capabilities in India.

The companies will work together to produce advanced polyvinylidene fluoride (PVDF) ultrafiltration (UF) membranes with integrated UltraSKID systems and will also bring Membrane Bioreactor (MBR) technology to India.

The partnership combines MANN+HUMMEL Water & Membrane Solutions’ global expertise in membrane technology with Ion Exchange’s manufacturing capabilities, engineering strength and established global presence in water and wastewater treatment.

Ion Exchange Senior Vice President (SVP), Sridhar Padmanaban said the collaboration marked a significant milestone in advancing the company’s HYDRAMEM membrane solutions.

“It is an important step in our journey to deliver differentiated, high-performance and sustainable solutions to customers across global markets,” he said in a statement.

Meanwhile, MANN+HUMMEL Water & Membrane Solutions SVP and General Manager, Rohit Sathe said the partnership brings together complementary strengths to enhance the availability of high-performance filtration solutions, supporting evolving customer needs across markets.

Under the agreement, Ion Exchange will manufacture, integrate systems and commercialise PVDF hollow fibre ultrafiltration membranes with UltraSKID systems based on MANN+HUMMEL’s advanced technology.

Production will take place at Ion Exchange’s expanded state-of-the-art HYDRAMEM membrane manufacturing facility in Goa, India, supporting both domestic and international demand.

The collaboration is expected to improve supply resilience, reduce lead times and deliver advanced membrane solutions more efficiently through localised manufacturing.

-- BERNAMA

LyondellBasell completes sale of select European strategic assessment assets

 

Transaction with AEQUITA advances company’s portfolio realignment


ROTTERDAM, Netherlands, May 4 (Bernama-GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced that it has successfully completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA as a key milestone in the company’s European strategic assessment. The transaction follows completion of required employee information and consultation processes and satisfaction of customary regulatory and closing conditions.

The divestiture supports the company’s strategy to grow and upgrade the core by further concentrating on assets and businesses with durable competitive advantages and stronger long-term returns, while enhancing financial flexibility and supporting disciplined capital allocation.

The assets sold in the transaction are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). LYB will continue to operate its Advanced Polymer Solutions (APS) business in Tarragona.

“This transaction represents a pivotal achievement in our transformation,” said Peter Vanacker, chief executive officer of LyondellBasell. “By finalizing this sale, we have refined our portfolio and enhanced our capacity to allocate capital toward high-return opportunities that contribute to long-term value creation.” 

Vanacker added, “Europe remains an integral market for LYB; we will continue to invest where value creation is strong, reinforcing our leadership in specialty polymers, building a profitable Circular & Low Carbon Solutions business, and advancing our leadership in technology and innovation. We extend our gratitude to our colleagues transferring as part of this transaction for their contributions, professionalism, and resilience throughout the process. As they transition to a standalone business under AEQUITA ownership, we wish them and the new company success in the next chapter ahead.” 

Following today’s closing, the divested business will be named and operated as Velogy. 

“This closing marks an important step in building a scaled and competitive European polymers platform, a sector where we see strong fundamentals and attractive long-term value creation potential,” said Dr.-Ing. Axel Geuer, AEQUITA-Founder and Chairman. “We thank LyondellBasell for the constructive collaboration throughout the process and are excited to begin the next step of partnering with Velogy’s employees to reinforce and further enhance the Company’s leading services to customers and suppliers.”

LYB remains committed to operating its remaining assets safely and reliably and to continuing to serve customers and partners with the same high standards. 

Advisors 
Citi and J.P. Morgan Securities LLC acted as financial advisors, and Linklaters LLP acted as legal counsel to LyondellBasell.

About LyondellBasell 
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

About AEQUITA 
AEQUITA is a Munich-based industrial group investing in corporate carve-outs, succession situations, and transformational opportunities across Europe, North America, and Asia. Its portfolio companies generate more than EUR 10 billion in revenues across three segments — automotive, chemicals, and industrials — and employ over 19,000 people worldwide. Backed by a strong capital base and deep operational expertise, AEQUITA acquires and sustainably develops companies with long-term value creation potential. For more information, visit www.aequita.com.

Media Inquiries LYB Global 
LyondellBasell Media Relations 
Phone: +1-713-309-7575 
Email: mediarelations@lyondellbasell.com
Or: 
Media Inquiries LYB Europe 
Esther Clason, Communications EMEAI 
Phone: +31 6 388 269 30 
Email: Esther.Clason@lyondellbasell.com

Media Inquiries AEQUITA SE & Co. KGaA 
Kolja Hübner, Partner 
Gabrielenstr. 9, 80636 Munich 
Phone: +49 89 2620 4840-0
Email: contact@aequita.com 

Forward-Looking Statements LYB 
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; our ability to create long-term value for our stakeholders; and our ability to build a profitable Circular & Low Carbon Solutions business. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2025, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.  


SOURCE: LyondellBasell

MODON SELLS OUT TARA PARK PROJECT, NEARS 2 BLN EMIRATI DIRHAM IN SALES

 

Modon announces the sell-out of Tara Park on Reem Island, Abu Dhabi, generating nearing AED 2 billion in sales (Photo: AETOSWire)

KUALA LUMPUR, May 4 (Bernama) -- Modon, an Abu Dhabi-headquartered international holding company, has announced the sell-out of Tara Park on Reem Island, with the project generating nearly two billion Emirati dirham in sales. (100 Emirati dirham = RM107.65)

The development is located close to Abu Dhabi Global Market (ADGM), reflecting strong investor demand and reinforcing the emirate’s position as a global safe-haven investment destination, according to Modon in a statement.

Modon Holding Group Chief Executive Officer, Bill O’Regan said the project demonstrates sustained market confidence.

“Tara Park further validates Modon’s disciplined, market-driven approach, connecting a prime location and thoughtful placemaking to generate sustainable urban growth and long-term value.

“We continue to see strong demand across the market, which speaks to the confidence that local and international buyers continue to place in Abu Dhabi, particularly for projects where clear attention to quality of life supports future investment potential,” he said.

Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts that are interlinked by an active podium that connects residents to a wide range of amenities.

Connected to Reem Mall, Tara Park also offers easy access to Fay Park, Sorbonne University Abu Dhabi and Repton School, alongside proximity to Abu Dhabi’s international financial hub, ADGM, The Galleria Mall, and the wider city.

-- BERNAMA

Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn

^{Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn (Photo: AETOSWire)} 
 

• Strong performance reflects sustained upward momentum driven by international expansion and operational efficiency
• Digital transformation initiatives in automation and artificial intelligence enhanced productivity, governance, and cost optimization

DOHA, Qatar, April 30 (Bernama-BUSINESS WIRE) -- Estithmar Holding Q.P.S.C. announced its financial results for the first quarter of 2026, reporting a net profit of QAR 333 million, marking a significant 97% increase compared to the same period last year. The results underscore the strength of the Company’s operating model and the successful execution of its expansion strategy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429718889/en/ 

The company recorded revenues of QAR 1.455 billion, up from QAR 1.309 billion in Q1 2025. Gross profit rose to QAR 561 million compared to QAR 416 million, representing a year-on-year increase of 35%. EBITDA grew by 73% to reach QAR 473 million, while earnings per share increased by 90% to QAR 0.089.

These results reflect comprehensive growth across all key financial indicators, supported by a clear investment vision and the Company’s ability to balance geographic expansion, portfolio diversification, and operational efficiency. International investments announced in previous periods have begun to deliver tangible impact, contributing to revenue growth, enhanced profitability, and asset base expansion.

The strong growth in net profit is attributed to the Company’s disciplined approach to operational efficiency and value creation, alongside prudent capital management and effective risk management practices. In parallel, digital transformation initiatives, particularly in automation and artificial intelligence, have played a key role in improving productivity, strengthening governance, and optimizing costs.

The results also highlight a balanced contribution across the Company’s business Groups; healthcare, services, tourism and real estate development, and industries & specialized contracting, demonstrating each Group’s success in executing its growth strategy within an integrated strategic framework.

Commenting on the results, Juan Leon, CEO of Estithmar Holding, said:
“The Q1 results reflect the strength of our business model and our ability to deliver accelerated and sustainable growth simultaneously. This performance goes beyond achieving record figures, it demonstrates the quality of our investment decisions and disciplined execution across markets and sectors. The balance between revenue growth and improved profitability, supported by strong operational performance and healthy cash flows, highlights our efficiency and our ability to translate expansion into tangible shareholder value.”

Read More for the full Press Release

Source: AETOSWire

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20260429718889/en/

Contact

Nesrine Nacef
n.nacef@estithmarholding.com 

Source : Estithmar Holding Q.P.S.C. 

MAVENIR PACKET CORE GOES LIVE WITH JAPAN'S RAKUTEN MOBILE

KUALA LUMPUR, April 29 (Bernama) -- Mavenir, the software company building artificial intelligence (AI)-by-design mobile networks, announced that its Converged Packet Core is now live in Rakuten Mobile’s nationwide mobile network, deployed on Rakuten Cloud Platform.

Mavenir, in a statement said the deployment plays a key role in enabling Rakuten Mobile to deliver multi-carrier roaming via ‘JAPAN Roaming’, a nationwide emergency service launched by Japan’s leading mobile carriers on April 1.

Mavenir Executive Vice President and General Manager, Packet Core, Security and Messaging, Michael Cooper said the deployment demonstrates how cloud-native packet core technology can support resilient, large-scale connectivity under extreme network conditions, contributing to public safety and service continuity.

Meanwhile, Rakuten Mobile General Manager of the Core Network Department, Ryo Watanabe said Mavenir’s cloud-native packet core is central to the operator’s role in JAPAN Roaming, enabling flexible and reliable connectivity when it is needed most.

Mavenir’s cloud-native packet core provides the scalable, resilient data foundation required for Rakuten Mobile to support cross-carrier access under emergency conditions, demonstrating how cloud-based core networks can strengthen national communications infrastructure and support service continuity at scale.

JAPAN Roaming enables users to temporarily connect to another domestic carrier’s 4G LTE network if their primary service is disrupted by major outages or disasters. The service supports 4G LTE voice, SMS and data, alongside an emergency-calls-only mode to maintain access to critical services.

Mavenir added that its cloud-native core portfolio supports voice, data, messaging, fraud protection and security, and is designed to scale with operators’ evolving service and resilience requirements—enabling faster service deployment, increased automation and improved responsiveness to changing network conditions.

The company also noted its long-standing relationship with Rakuten Mobile, including earlier deployments of cloud-native voice and messaging capabilities for Rakuten Link, supporting ongoing service innovation within the operator’s fully virtualised network.

-- BERNAMA

Bitget Launches Blockchain4Youth Learning Hub to Strengthen the Future Web3 Workforce

VICTORIA, Seychelles, April 28 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of the Blockchain4Youth Learning Hub: Semester 1, a new education initiative designed to help young learners explore blockchain not only as a field of study, but as a viable career path in the digital economy.

As part of Bitget’s broader Blockchain4Youth initiative, the Learning Hub expands the program’s mission of making blockchain education more accessible and actionable for young people worldwide. Through recent initiatives such as the LALIGA Youth Tournament in Thailand, its partnership with Google Developer Group on Campus, and the Web3 Young Learners’ Encyclopedia, Blockchain4Youth has engaged more than 15,000 participants since launch, reflecting its ongoing commitment to youth development and the rising interest among students in finding clearer pathways into the Web3 industry.

The Blockchain4Youth Learning Hub combines structured learning with professional recognition and career-oriented support. Learners who complete the program and pass the assessments will receive a Certificate of Completion signed by Ignacio Aguirre Franco, Chief Marketing Officer of Bitget, giving them a credential they can present across their professional profiles.

The certificate is intended to serve as more than proof of participation. It offers verified recognition of Web3 competency and unlocks access to a broader network of opportunities. Certificate holders can benefit from priority review for opportunities at Bitget and gain entry to the Blockchain4Youth Talent Alliance, a core pillar of the program designed to connect certified learners with the wider Web3 industry. Through the alliance, participants can access priority opportunities, industry exposure, and networking channels, creating a clearer pathway between demonstrated knowledge and real-world professional roles.

As part of this effort, Bitget has confirmed a partnership with Bondex, the Web3 professional network behind web3.career, the largest job board in the industry. Through the partnership, Bitget and Bondex aim to make career entry points into Web3 more transparent and accessible for the next generation of builders and professionals

“Most young people trying to break into Web3 hit the same wall, they take a course, then have no network, no verified credentials, and no clear path to a job.” said Ignacio Palomera, Co-Founder of Bondex. “Blockchain4Youth and Bondex fix that. Finish the program, build a verified profile, be discovered in the Bondex trusted talent pool and apply directly to companies hiring on web3.career. It's the bridge the industry's been missing.

“A lot of young people are interested in Web3, but interest alone does not always show them where to begin,” said Ignacio Aguirre Franco, CMO of Bitget. “The Learning Hub is about making that first step feel more real by giving learners knowledge, recognition, and a better sense of where this path can lead. When young talent can see opportunity more clearly, they are more likely to believe they belong in the future of this industry.”

Ultimately, Blockchain4Youth Learning Hub reflects a broader commitment to building long-term infrastructure for Web3 education and talent development. More than a standalone campaign, the Learning Hub demonstrates how Blockchain4Youth is evolving into a sustained platform that supports learners as they move from discovery to skill-building, and from participation to contribution. Through this initiative, Bitget continues to position itself not only as a platform for digital assets, but also as an ecosystem builder helping shape the workforce that will define the next phase of Web3.

The B4Y Talent Alliance welcomes recruiting companies that want to connect with emerging talent, expand industry access, and create more pathways into Web3. Interested organizations can contact blockchain4youth@bitget.com.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b28d747f-7398-4f75-918b-9c886aeae023

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

AGC Biologics Wins 2026 Fierce Outsourcing Award for Leadership in Regulatory and Quality Compliance

 

Global CDMO recognized for exceptional quality systems and regulatory track record; named finalist in Excellence in Client Service & Partnership and Manufacturing Operations categories 


SEATTLE, April 28 (Bernama-GLOBE NEWSWIRE) -- AGC Biologics, your friendly CDMO expert, is the 2026 recipient of the Fierce Outsourcing Award for Leadership in Regulatory and Quality Compliance. The award recognizes the company's exemplary regulatory strategy, robust quality systems, and compliance execution. Winners were announced by the Fierce Outsourcing Awards organizers on April 14 and will be celebrated during Fierce Biotech Week in Boston, Mass., on May 13.

Delivering Quality Services Across Three Continents to Bring High-Quality Products to Patients

Through globally integrated operations, AGC Biologics provides unified, high-quality services, focused on consistency and excellence regardless of a project's complexity or geographic location. AGC Biologics’ technical expertise is backed by more than three decades of industry-leading GMP experience, 100 successful regulatory inspections, more than 30 commercial product approvals, and experience with more than 400 products for over 250 different customers.

“In 2025, our sites collectively underwent nine successful regulatory inspections from seven different global health authorities, resulting in five new product approvals for our partners,” said Alberto Santagostino, CEO and President of AGC Biologics. “We are humbled and grateful for the rigor of regulatory agencies around the world that help us in our journey of continuous quality improvement.”

Continued Investment in Excellence and Global Quality with New Site in Japan

Demonstrative of AGC Biologics’ continued investment in global quality, a state-of-the-art facility is currently under construction in Yokohama. This new site will offer one of the largest single-use bioreactors for a CDMO in Japan, extending AGC Biologics’ tri-regional footprint of uniform, high-standard service delivery, exceptional quality and compliance, resilient supply chain, and limited geopolitical risk.

Services in Yokohama include mammalian development with two downstream lines and flexible single-use bag capacity of 18,000 liters, cell therapy services with six clean rooms, and mRNA development and manufacturing with 2 IVT, two purification lines, and two LNP lines.

What the Fierce Outsourcing Awards Represent

The Fierce Outsourcing Awards, formerly the Fierce CRO Awards, recognize outsourcing partners that play a critical role in helping pharma and biotech companies move faster, manage risk, and bring innovative therapies to patients.

This awards program celebrates excellence, innovation, and impact across the outsourced drug development ecosystem—honoring the organizations that deliver scientific rigor, operational excellence, and trusted partnership at every stage of the pipeline. Entries were judged on the ability of the applicant to demonstrate the following: innovation and impact, measurable outcomes, sustainability and scalability, and ethical and regulatory adherence.

In addition to receiving the award for leadership in regulatory and quality compliance, AGC Biologics was also named a finalist for categories recognizing exceptional and collaborative client service, and superior performance in manufacturing regarding quality, consistency, and operational excellence across modalities.

FAQs

What specific factors establish AGC Biologics as a leader in regulatory and quality compliance for pharmaceutical outsourcing?

AGC Biologics' leadership in regulatory and quality compliance is established by a long and consistent history of global regulatory success and a deep commitment to quality systems. Key factors that demonstrate this leadership include:

• Extensive GMP Experience. With over 30 years of industry-leading GMP manufacturing experience, AGC Biologics’ processes are built on a foundation of proven quality and technical expertise. Robust regulatory and quality frameworks have directly contributed to more than 30 commercial product approvals for partners, proving the CDMO’s ability to successfully navigate the path to market.
• Proven Inspection Success. AGC Biologics has a track record of more than 100 successful regulatory inspections from health authorities worldwide. In 2025 alone, AGC Biologics sites successfully completed nine inspections from seven different global health authorities, underscoring its continuous state of compliance.
• Diverse Portfolio and Broad Trust. AGC Biologics’ experience spans more than 400 products for over 250 different customers, reflecting the industry's trust in its ability to manage a wide array of complex biologics while upholding the highest standards. This extensive portfolio has resulted in five new product approvals for partners in 2025.

How does AGC Biologics’ global, unified quality system directly benefit biopharma developers and ensure project success?

Leadership in regulatory and quality compliance is evidenced by a proven history of successful product approvals. AGC Biologics' global network consistently delivers results that meet the stringent requirements of regulatory bodies worldwide, which biopharma developers need in order to test their therapies and ultimately enter new commercial markets.

A successful global, unified quality system begins with a deeply embedded quality culture, a fact corroborated by client testimonials of AGC Biologics. Fondazione Telethon directly credits the “high-quality services provided by AGC Biologics” as instrumental in achieving both FDA approval and a positive CHMP opinion for Waskyra™. Similarly, Autolus, upon receiving FDA approval for its first product, highlighted AGC Biologics as a "valued manufacturing partner... providing reliable, high-quality and timely support.”

In just the last two years, the Seattle site helped shepherd four product approvals by the FDA and eight product approvals in other regulatory jurisdictions. These outcomes are a direct result of a quality system that is robust, globally integrated, and relentlessly focused on client success.

What other recognition has AGC Biologics received for its quality track record?

Last year, AGC Biologics received the Best Quality Management Systems Award at the CDMO Leadership Awards for its global quality system across its sites on three different continents.

About AGC Biologics

AGC Biologics is a leading global biopharmaceutical Contract Development and Manufacturing Organization (CDMO) with a strong commitment to delivering the highest standard of service as we work side-by-side with our clients and partners, to provide friendly and expert services. We provide world-class development and manufacturing of mammalian and microbial-based therapeutic proteins, plasmid DNA (pDNA), messenger RNA (mRNA), viral vectors, and genetically engineered cells. Our global network spans the U.S., Europe, and Asia, with locations in Seattle, Washington; Copenhagen, Denmark; Heidelberg, Germany; Milan, Italy; and Chiba and Yokohama, Japan. AGC Biologics is a part of AGC Inc.’s Life Science Business. The Life Science Business runs 10+ facilities focused on biopharmaceuticals, advanced therapies, small molecule active pharmaceutical ingredients, and agrochemicals. To learn more, visit www.agcbio.com.

Media Contact:

AGC Inc. corporate contact: info-pr@agc.com   
AGC Biologics media contact: kati.sills@agc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a890f59-3a79-42da-afe8-e540449c58e5

SOURCE: AGC Biologics, Inc.