Lockdown Palliatives: Zinox Group, Konga To Feed Over 7000 Families For Two Weeks Through Staff

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In a bid to ameliorate the impact of the lockdown occasioned by the ravaging COVID-19 pandemic in most states of the Federation, the Zinox Group has committed to feeding over 7000 Nigerian families for two weeks through its staff spread across the various states in Nigeria.

The ingenious initiative is also targeted at supporting the efforts of the Federal and State Governments in reaching needy Nigerians across the country.

To this end, the management of the Zinox Group which includes concerns such as Zinox Technologies Ltd., TD Africa, Task Systems Ltd., TD Plus, TDiLife, among others, as well as the Konga Group – with its growing subsidiaries such as Konga Travel, KongaPay and Kxpress, among others – has decided to use its staff across all its network of branches dispersed across the nooks and crannies of Nigeria to reach the under-reached and under-served populations.

The initiative, a brain-child of the Group Chairman, Dr Leo Stan Ekeh, was borne out of the hardship and suffering he witnessed during his personal visitations to various rural locations and suburbs around town after donations to Non-Governmental Organizations (NGOs), some churches and states.

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Lockdown Palliatives: Zinox Group, Konga To Feed Over 7000 Families For Two Weeks Through Staff - Brand Spur

Lockdown Palliatives: Zinox Group, Konga To Feed Over 7000 Families For Two Weeks Through Staff - Brand Spur
Logos of some of the companies in the Zinox Group

Consequently, the Zinox Group has set up a special palliative fund running into millions of Naira from which all employees across the Group will have their accounts credited. Every full time staff in each of the respective companies in the Zinox Group and Konga – starting from the security man at the gate up to members of Executive Management – is expected to use the funds received to adopt a minimum of three families which it will support with essential food items to last them through the next two weeks.

While junior staff in all the companies across Nigeria are expected to nominate and donate the Zinox Group’s special palliatives to at least three needy families around their vicinity, mid-level executives are expected to reach at least five families each while members of Executive Management will be expected to donate to at least seven families.

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For this exercise, families and relatives of all staff and employees of the Zinox Group and Konga are not expected to benefit.

The foregoing was confirmed by Group Head, Corporate Communications, Gideon Ayogu.

‘‘All staff and employees will receive dedicated sums from this special palliative fund set up by the Group Chairman, according to their cadre. They are then expected to identify the most needy and poor families within a two-kilometre radius from where they live and supply them with essential food items such as medium bags of rice, tomato paste and gallons of cooking oil to last them for the next two weeks.

‘‘To ensure accountability and to make sure that the intervention reaches the right people, we have also set up an audit team. Each staff is expected to provide pictorial evidence and at least two phone numbers from each of the families donated to. These will be verified digitally by the audit team. The Chairman is a data-driven person and has highlighted the need to verify the beneficiaries else it becomes a waste of hard-earned resources. It is important to reiterate here that members of staff, their families and relatives are exempted from benefitting from this special intervention,’’ Ayogu disclosed.

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‘‘Having personally visited a number of locations and seen first-hand the hardship being borne by Nigerians this period, Mr. Ekeh has decided that this is a more impactful way to reach the needy and support the efforts of governments in bringing succour to them. This special intervention is in addition to other undisclosed and unreported outreaches and donations to a number of charitable and religious organizations and a few state governments by the Leo Stan Ekeh Foundation to support their efforts in reaching the masses during these challenging times,’’ he concluded.

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Lockdown Palliatives: Zinox Group, Konga To Feed Over 7000 Families For Two Weeks Through Staff - Brand SpurLockdown Palliatives: Zinox Group, Konga To Feed Over 7000 Families For Two Weeks Through Staff - Brand Spur

Latest News

Cityneon Raises S$235 Million; Well Positioned for Next Growth Chapter

  • The global experience entertainment company gets a S$235 million shot in the arm, closes its private fund raising in April 2021
  • Investors both new and existing include Singapore's Pavilion Capital, Seatown Holdings International and EDBI, Qatar's Doha Venture Capital and financial institutions and family offices in Singapore and China
  • These now join other existing Cityneon shareholders CITIC Capital, veteran entrepreneur and investor Mr. Johnson Ko, and Executive Chairman & Group CEO Mr. Ron Tan
  • Funding comes just after the Group acquired multi-year licensing rights for James Cameron's AVATAR touring exhibition, and two original artefacts IP on the ancient civilization Machu Picchu from Peru and Ramses the Great (Ramses II) from Egypt
  • Investments position the Group well to bring experiences across the globe, targeting to launch six experiences in China and five in the U.S. by the end of 2021, with more in other parts of the world

SINGAPORE - Media OutReach - 21 April 2021 - Cityneon Holdings ("Cityneon", the "Company"/collectively with its subsidiaries, the "Group") raised S$235 million in the most recent round of private funding. The latest round of funding adds seasoned investors to Cityneon's already strong stable of shareholders.

This funding round was led by Singapore's Pavilion Capital, Seatown Holdings International, EDBI, and Cityneon's Executive Chairman & Group CEO, Mr. Ron Tan. EDBI and Pavilion Capital are existing shareholders of Cityneon whilst new investors include Seatown Holdings International, Qatar's Doha Venture Capital, which will now own approximately 4 per cent of the Group, and other financial institutions and family offices in Singapore and China.

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These now join other existing Cityneon shareholders CITIC Capital, veteran entrepreneur and investor Mr. Johnson Ko, and Executive Chairman & Group CEO Mr. Ron Tan to form a new and strong shareholder base for the Group. Mr. Johnson Ko and Mr. Ron Tan remain as the largest shareholders of the company via their combined entity, West Knighton Limited.

The Group is now well positioned for its next growth chapter and will use the proceeds for capital expenditure that includes building more of its various intellectual property (IP) exhibition sets, totaling 24 travelling and four semi-permanent sets under the Studio IP partnerships and three travelling sets under the original artefact IP partnerships by the end of 2022.

Already, the Group just signed its fifth IP rights with Avatar from 20th Century Studios last year. Amidst the anticipation from Avatar fans worldwide, Cityneon will debut a multi-sensory Avatar exhibition in Chengdu, China in May 2021, ahead of the Avatar movie sequel which is slated for release in 2022. Avatar is the world's top grossing film of all time at over US$2.8 billion, and adding millions more after its successful re-release in China in March 2021. Avatar's director James Cameron has announced that he will be producing four sequels with 20th Century Studios, with the first sequel slated for release next year. Disney acquired 20th Century Studios for US$71 billion in 2019.

The Company also recently entered the original artefacts IPs space and will stage international exhibitions of the treasures of the ancient civilization Machu Picchu from Peru in Boca Raton, Florida and Pharaoh Ramses II from Egypt in Houston, Texas. These two experiences will start welcoming visitors in October and November 2021, respectively.

Other IP rights that the Group holds include partnerships with Universal Studios for Jurassic World: The Exhibition, Marvel for Avengers S.T.A.T.I.O.N., Lionsgate for The Hunger Games: The Exhibition and Hasbro for Transformers Autobot Alliance. All in, Cityneon holds the IP rights for five of the top 10 worldwide box office hits and two artefacts IP from Peru and Egypt. The Group expects to have six sets of its various IP rights travelling across China, and five travelling and permanent sets in the United States, with a few more in other parts of the globe.

The Group will also be reopening experiences that were temporarily closed in 2020, aiming to provide visitors with a safe entertainment option. These include the Marvel Avengers S.T.A.T.I.O.N. in Toronto, Canada that will be re-opening in May 2021; and the Marvel Avengers S.T.A.T.I.O.N. exhibition in Lotte Mall in Seoul, Korea in April 2021; the same exhibition space which previously housed Jurassic World: The Exhibition, another IP experience exhibition by the Group in 2019. In the past month, the Group also witnessed record visitor numbers at their semi-permanent installations in Las Vegas, USA, signaling a strong comeback and demand for their immersive experiences, as they step into the 6th year of operations there.

While there are exciting plans lined up, the Group is not resting on its laurels. More Hollywood IPs and artefact IPs can be expected, and there will be further announcements on new IP verticals in entertainment experiences that the Group is looking to enter.

Mr. Ron Tan, Executive Chairman & Group CEO of Cityneon, said: "It is exciting that the Company is going through such strategic expansion as one of the largest providers of exhibition entertainment experiences globally. The S$235 million funding round sets a solid foundation for us to invest in developing more of our entertainment experiences, to stage even more exhibitions of the five box office hits and two artefact IPs that we hold the rights to all over the world. I'm thankful that our strong investors base, now from Singapore, Hong Kong, China and the Middle East, have trust in our vision, and believe alongside us that this space of big ideas and big experiences will only grow."

By the end of this year, Cityneon will arguably be the largest provider of exhibition entertainment experiences internationally; with global footprints in more than 50 cities and welcoming 10 million unique visitors across the world by 2022.

Cityneon Holdings

With its global reach and international partnerships, Cityneon has the capability to serve its clients anywhere in the world. Cityneon was listed on the Mainboard of the Singapore Stock Exchange since 2005, and was privatized on February 2019 by West Knighton Limited, a company wholly owned by Cityneon's Executive Chairman and Group CEO, Ron Tan, together with Hong Kong veteran entrepreneur and investor, Johnson Ko Chun Shun. Johnson is a capital markets veteran and has held controlling interests and directorships in many listed companies. In May 2019, Cityneon welcomed CITIC Capital as a new shareholder, who holds approximately 10% shares in Cityneon. CITIC Capital is part of CITIC Group, one of China's largest conglomerates, and has over US$25b of assets under its management across 100 funds and investment products globally. Other institutional shareholders of the Group include EDBI - a Singapore government-linked global investor, and Pavilion Capital - a Singapore-based investment institution which focuses on private equity investments, that made strategic investments in August and October 2019 respectively, to support the Group's further expansion globally. For more information, please visit www.cityneongroup.com.


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