Tesco Malaysia Powers 15 Stores with Solar Energy

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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.

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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Tesco and NESS sign Malaysia’s largest commercial solar Power Purchase Agreement

 

HONG KONG, CHINA – Media OutReach – 14 July 2020 – Tesco Stores
(Malaysia) Sdn Bhd (Tesco) and NE Suria Satu Sdn Bhd (NESS), a joint-venture
company of PETRONAS and NEFIN Group, have entered into the largest long-term
Power Purchase Agreement (PPA) (Tesco-NESS PPA) for solar energy in Malaysia.
The first phase of the Tesco-NESS PPA will see the installation of solar
photovoltaic (PV) panels on the rooftop spaces of 15 Tesco stores nationwide.
The Tesco-NESS PPA will run for 20 years until 2040.

Tesco Malaysia Powers 15 Stores with Solar Energy

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Once the installation is completed in October 2020, the solar PV
panels will collectively generate about 18 gigawatt hours (GWh) of clean energy
per year, thus reducing approximately 13,624 tonnes of carbon emissions into
the atmosphere. The power generated from the solar PV panels can also light up
as many as 104 Olympic-sized stadiums simultaneously or 804,905 three-bedroom
homes for an entire year.

 

“The installation of the solar PV panels in 15 out of 62 of our stores
is the first phase in Tesco’s renewable energy push. Eventually, we will be
able to generate clean, renewable energy at most of our stores and in the
process, reduce our carbon emissions. This push in environmental sustainability
is just one of the many ways that we are doing to reduce our impact on the
environment, which already includes measuring and publishing our food waste
data and reducing the usage of single-use plastic bags in our stores,” said
Tesco Chief Executive Officer, Paul Ritchie.

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“We are pleased to work with NESS in our first foray into clean
renewable energy as the consortium that forms NESS has proven individual track
records in delivering and maintaining major projects such as this. We look
forward to a long and fruitful partnership with them,” he added.

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NESS is a collaboration between PETRONAS through its New Energy
business unit which focuses on providing end-to-end, cost-effective, and
sustainable cleaner energy solutions; and NEFIN Group, which is a renowned
regional bespoke solar developer and asset management group.

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NESS’ Director Dr Jay Mariyappan, who is also the Head of PETRONAS New
Energy, said: “We are honoured to be awarded Tesco’s first solar project in
Malaysia. With the collective capabilities of PETRONAS and NEFIN, we are
confident that we will be able to support Tesco in realising its sustainability
goals which ultimately will benefit all of us. This is also in line with our
aspiration to be the leading cleaner energy solutions provider.”

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NESS will fully invest in the 15 solar PV project, including the design,
installation, operation and maintenance of the solar PV systems. NESS has
appointed Solarvest as its local Engineering Procurement Construction (EPC)
contractor for this project.

 

The Tesco-NESS PPA is especially significant for Tesco towards supporting
its parent company, Tesco Group’s goal of becoming a zero-carbon business by
2050.

 

The stores which will be fitted with the solar PV panels are Tesco
Mergong, Tesco Sungai Petani Selatan, Tesco Bukit Mertajam, Tesco Rawang, Tesco
Ipoh, Tesco Station 18, Tesco Klang, Tesco Puchong, Tesco Bukit Puchong, Tesco
Extra Seremban Jaya, Tesco Kulim, Tesco Stargate, Tesco Seberang Jaya, Tesco
Jitra and Tesco Kampar.

About Tesco Stores (Malaysia) Sdn Bhd

Tesco Malaysia was established in May 2002 through its first store in
Puchong, Selangor. Today, it employs over 7,000 employees across 62 stores and
two distribution centres throughout Peninsular Malaysia. In 2013, Tesco paved
the way in online grocery shopping through the launch of Tesco Online which started
in Klang Valley before expanding to Penang, Johor Bahru, Melaka, Negeri
Sembilan and Ipoh.

About NE Suria Satu Sdn Bhd
(NESS)


NESS, a joint venture between Petroliam Nasional Bhd’s subsidiary for
its New Energy business in Malaysia, PETRONAS Power Sdn Bhd and NEFINCO
Malaysia Sdn Bhd, a member of the NEFIN Group. NESS’ focus is on commercial and
industrial projects in Malaysia and the TESCO-NESS PPA is the joint venture’s
first project.

 

PETRONAS New Energy is PETRONAS’ renewables business that currently
includes M+ by PETRONAS which has more than 50MW of solar solutions under
development with commercial and industrial customers in Malaysia, and its 100%
owned distributed energy company, Amplus Energy Solutions that has more than
650MW of operating and under construction solar projects in India and
Dubai. 

 

Founded by core management team of DuPont Solar Business, legal expert
and investment bankers, NEFIN Group has collectively delivered over 300MW of
utility-scale, commercial and industrial rooftop solar systems regionally. The
mission of NEFIN is about achieving carbon neutrality for companies. The group
offers consulting services such as due diligence, feasibility studies and
lender-technical advice on top of project development, system design, engineering
and asset management. NEFIN Group also offers flexible financing options to
partners who opt for zero investment. Please refer to NEFIN’s website
www.nefinco.com for more information.

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Exceptional Attack Protection Proven in Rigorous MITRE Engenuity ATT&CK® Evaluations

Trend Micro’s flagship threat detection and response platform proves its advantages in sophisticated simulations

 

HONG KONG SAR - Media OutReach - 21 April 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, excelled in the latest ATT&CK Evaluation performed by MITRE Engenuity. The Trend Micro Vision OneTM platform quickly detected 96% of attack steps from the simulation that mimicked the behavior of two infamous APT groups.


Unlike other industry organizations that test a product's ability to detect and prevent various malware samples, MITRE Engenuity's ATT&CK Evaluations appraise a solutions' ability to detect targeted attacks leveraging known adversary behavior. This approach more closely mirrors real-world attacks that are most critical. MITRE Engenuity focused on techniques associated with notorious threat groups Carbanak and FIN7 in this year's simulations.


Click here to read the full MITRE Engenuity ATT&CK Evaluation for Trend Micro Vision One: https://resources.trendmicro.com/MITRE-Attack-Evaluations.html.

"Security has been about spotting the tools used in an attack: MITRE Engenuity adds the dimension of recognizing rather the patterns of an attacker, no matter when different tools are used," said Greg Young, vice president of cybersecurity for Trend Micro. "MITRE ATT&CK is, like the attacks it models, complex. Doing well on a third-party test like this is satisfying – and with 96% visibility, we did very well here – especially considering it models techniques used by two of the world's most capable threat groups. An even bigger success is helping educate organizations that ATT&CK isn't just about the test but that ATT&CK can be a part of the everyday playbook for SOCs, which is reflected in our solutions."

This year's test included two simulated breaches, one at a hotel and one at a bank, using typical APT tactics such as elevation of privileges, credential theft, lateral movement and data exfiltration.

Trend Micro Vision One recorded the following impressive results:

  • Delivered 96% of attack coverage to provide visibility of 167 out of 174 simulated steps across the evaluations. This broad visibility allows customers to have a clear picture of the attack and respond faster.
  • 100% of attacks against the Linux host were detected, capturing 14/14 attacker steps, which is especially important considering its huge increase in use by many organizations.
  • 139 pieces of telemetry were enriched by the Trend Micro Vision One platform to provide extremely effective threat visibility to better understand and investigate attacks. This is critical for SOC analysts.
  • 90% of attack simulations were prevented through automated detection and response very early on in each test. Deflecting risk early on frees up investigation resources, allowing teams to focus on the harder security problems to solve.


Trend Micro Vision One allows customers to see more and respond faster — collecting and automatically correlating telemetry across email, endpoints, servers, cloud workloads and networks to speed up detections and investigations.


Its performance against techniques used by two of the world's most formidable cybercrime enterprises proves its value in threat detection and response, and ability to optimize cyber-risk reduction for customers.

The MITRE ATT&CK framework helps industry define and standardize how to describe cyber-attack techniques — offering organizations a common and regularly updated language to triage detection and response as efficiently as possible.

This year's strong performance in MITRE Engenuity's ATT&CK Evaluation is the second in a row for Trend Micro, whose capabilities also impressed in the 2020 tests.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


About MITRE Engenuity ATT&CK Evaluations

MITRE Engenuity ATT&CK Evaluations are paid for by vendors and are intended to help vendors and end-users better understand their product's capabilities in relation to MITRE's publicly accessible ATT&CK® framework. MITRE developed and maintains the ATT&CK knowledge base, which is based on real world reporting of adversary tactics and techniques. ATT&CK is freely available, and is widely used by defenders in industry and government to find gaps in visibility, defensive tools, and processes as they evaluate and select options to improve their network defense. MITRE Engenuity makes the methodology and resulting data publicly available so other organizations may benefit and conduct their own analysis and interpretation. The evaluations do not provide scores, ranks, or endorsements.


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