HAINAN SHOWCASES EXPOS IN SHANGHAI, INVITING EVENTS ENTERPRISES WORLDWIDE TO SNATCH BUSINESS OPPORTUNITIES FROM FREE TRADE ZONE AND PORT

SHANGHAI, China, Aug 10 (Bernama-AsiaNet) -- On August 10-11, 2018, the 4th China Events (MICE) Industry Fair (CEIF) was held at Shanghai New International Expo Center (SNIEC). Major cities, associations and enterprises in the events industry from Hainan Province, guided by the Provincial Convention & Exhibition Bureau, participated in the fair to demonstrate their major events.

Hainan highlighted at the fair the (3rd) Hainan World Leisure Tourism Expo 2018 (Hainan Leisure Expo) and the (4th) Hainan International RV (AUTO) Camping Leisure Tourism Expo 2018 (Hainan Camping Expo). Hainan Leisure Expo, hosted by the Provincial Tourism Development Committee, introduces Hainan's tourism resources to the world and provides a platform for industrial players to exchange their ideas on the new trend of leisure tourism. Hainan Camping Expo, hosted by Hainan Commercial Department and Haikou Municipal Government, promotes the province's resources for camping and drive tours by recreational vehicles and other vehicles. Industrial players can demonstrate their new technologies, products and experiences at the expo. After nearly three years' efforts, these two events have become influential brand in the events industry.

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WILLIS LEASE ANNOUNCES OFFERING OF $373.4 MILLION IN FIXED RATE NOTES

NOVATO, Calif., Aug 9 (Bernama-GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust IV (“WEST IV”) proposes to offer $373.4 million in aggregate principal amount of fixed rate notes (the “Notes”). It is expected that the Notes will be issued in two series, with the Series A Notes to be issued in an aggregate principal amount of approximately $326.8 million and the Series B Notes in an aggregate principal amount of approximately $46.7 million. The Notes will be secured by, among other things, WEST IV’s direct and indirect interests in a portfolio of 55 aircraft engines and one airframe.


The net proceeds of the Notes will be applied, in part, to pay fees and expenses related to the issuance and to pay Willis periodically over a 270-day delivery period as consideration for the aircraft engines and the airframe acquired by WEST from Willis in the financing. Willis will apply the net proceeds it receives to repay certain amounts drawn under Willis’ revolving credit facility and the remainder will be used for general corporate purposes.

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NEURALSTEM APPOINTS JIM SCULLY AS INTERIM CHIEF EXECUTIVE OFFICER

GERMANTOWN, Md., Aug 7 (Bernama-GLOBE NEWSWIRE) -- Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company focused on the development of nervous system therapies based on its neural stem cell and small molecule compound technologies, today announced that the Board of Directors has appointed Jim Scully as interim chief executive officer. Mr. Scully will assume the role effective immediately and succeeds Mr. Rich Daly who served as president and chief executive officer of the Company since February 2016.

“Jim’s contribution in 2018 heading up business development and as strategic advisor for Neuralstem has been extremely valuable, and we are confident that his appointment will ensure continued momentum over the near-term as our dedicated search efforts continue,” said Cristina Csimma, Chair of the Nominating Committee of Neuralstem. “Jim is an experienced pharmaceutical executive with a deep understanding of commercial, clinical development and manufacturing operations and has worked with our team to advance our Company’s efforts in China and rest-of-world.”

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FUNAMBOL PERSONAL CLOUD NOW AVAILABLE FOR MILLIONS IN VIETNAM

FOSTER CITY, Calif., Aug 6 (Bernama-GLOBE NEWSWIRE) -- Funambol, the leading provider of operator platforms that power many white-label cloud services globally, announced today that its personal cloud solution is now available to millions of mobile subscribers in Vietnam. Funambol OneMediaHub is a key service in Viettel’s recently launched Lifebox Cloud Service and a key pillar of Viettel’s 4G service strategy. Viettel is the largest mobile operator in Vietnam and OneMediaHub enables Viettel subscribers to auto-store pictures, videos and other mobile content in the cloud. This provides several benefits, including freeing up space on their phones, securing their personal content and enabling sharing across all devices. “We evaluated all major Cloud Storage service providers and we chose Funambol because it is the best product with an investment approach that is aligned with our corporate objectives”, said Mr. TRAN Trung Hieu, Director of VAS Centre at Viettel Telecom “Funambol OneMediaHub was chosen for its comprehensive feature set as compared to the OTT Clouds. Furthermore, the integration of third party applications enabled by an extensive suite of APIs will ensure we always have a complement of services that our subscribers will value.”

Funambol OneMediaHub simplifies one's digital life by automatically centralizing digital content from all sources, including mobile devices, computers, social networks and email. It provides a simple and secure way to back up a subscriber's digital content and access it across multiple devices. OneMediaHub is a good fit for fixed line and mobile operators as its white-label offering enables operators to brand it, integrate it with other services, and adapt it for their specific needs.

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Cushman & Wakefield Closes IPO At US$17 Per Share

KUALA LUMPUR, Aug 7 (Bernama) -- Cushman & Wakefield plc (Cushman & Wakefield) announced the closing of its initial public offering (IPO) of 45 million of its ordinary shares at US$17 (RM69.53) per share. (1US$ = RM4.09).

In connection with the IPO, the underwriters exercised in full their option to purchase an additional 6.75 million ordinary shares from Cushman & Wakefield.

As a result, the total IPO size was 51.75 million shares. The shares are listed on the New York Stock Exchange and trade under the symbol “CWK”, a statement said.

Cushman & Wakefield expects to use the net proceeds from the ordinary shares to reduce outstanding indebtedness, in particular to repay its second lien loan, to pay the outstanding amount of the deferred payment obligation related to its acquisition of Cassidy Turley and any remaining net proceeds for general corporate purposes.

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC and UBS Investment Bank served as joint book-running managers and representatives of the underwriters for the offering.

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. It is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries.

--BERNAMA

LUXURY BRAND HOUSE OF SILLAGE LAUNCHES LIMITED-EDITION LIPSTICK CASE & REFILL WITH DIAMOND POWDER

Also Wins Award for Product Innovation, Luxury Item at the ICMAD City Awards

NEWPORT BEACH, Calif., Aug 2 (Bernama-GLOBE NEWSWIRE) -- House of Sillage a leader in luxury haute parfumerie, is excited to announce its expansion into cosmetics with its limited-edition lipstick case and refill. Available exclusively at select Neiman Marcus stores and online from August 1^st, each limited-edition lipstick comes in a stunning bow-shaped protective carrying case finished in black or white enamel and is encrusted with over three hundred brilliant diamond-cut Swarovski crystals. The lipstick case includes a mirror for effortless precision application.

Known as an industry trailblazer because of how the brand utilizes jewelry and fashion inspired material when cultivating extraordinary fragrance and cosmetic packaging, House of Sillage has continued to evolve this groundbreaking trend with its limited-edition lipstick collection.

Founder & CEO, Nicole Mather designed this new line and wanted to celebrate the essence and power behind the iconic symbol of the bow. “We wanted to pay homage to the bow’s timeless inspiration towards femininity. We’ve seen a bow’s beauty and glory across decades of popular culture and we believe we’ve translated the beauty of our fragrance packaging into cosmetics.”

These ravishing new lipsticks are infused with the highest quality and genuine diamond powder creating a luminous aura of regal beauty. The product names are inspired by royal lineage, which matches the exclusive composition of rich opulent colors brilliantly illuminated in a range of stunning shades (14 to be exact). From Duchess, to Queen, or Countess, product users can match the color that suits their mood of the day and enjoy an ultra-creamy satin texture with a luxe-finished lip, creating the ultimate color pay-off.

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WESTINGHOUSE SALE TO BROOKFIELD COMPLETE

CRANBERRY TOWNSHIP, Pa., Aug 2 (Bernama-BUSINESS WIRE) -- Westinghouse Electric Company, the global leader in nuclear technology, fuels and services, today announced the completion of its previously announced sale to Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) together with institutional partners (collectively, “Brookfield”) and emergence from Chapter 11 as a reorganized company. Announced on Jan. 4, 2018, the transaction was closed and became effective today.

“The close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success. With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry. Our focus is on strengthening the business, capitalizing on our global footprint and excelling in client service and innovation,” said Westinghouse President & CEO José Emeterio Gutiérrez.

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