BANGKOK, THAILAND – Media OutReach – 22 September 2023 – Thailand’s Department of Foreign Trade (DFT) Director General Ronnarong Phoolpipat presided over a trilateral meeting with the U.S. Embassy’s Export Control and Border Security Program (EXBS) and the European Union’s (EU) Partner to Partner Program (EUP2P) on September 21, 2023, at the Department of Foreign Trade, Ministry of Commerce, Thailand.
SINGAPORE – Media OutReach – 17 June 2020 –The Walton Group of Companies (“Walton”)
continues to implement its strategy of accelerating exit activity for the
benefit of its investors, and investors are now seeing the results.
Walton’s strategy
allows a homebuilder to acquire land in phases with the bulk of land payments
deferred to the timing of home sales. In
return, the homebuilder will take on the entitlement and land development cost. For Walton and its investors, they will see
their investment cash flowing over the course of the development.
This strategy has
resulted in two recent exit offers for its investors — Poplin Heights, a
residential use property in Union County, North Carolina and Anderson, a
residential mixed-use property in Hays Country, Texas. Both projects are in the U.S.A. and both offers
have been approved by the underlying landowners.
Poplin Heights
A large national
homebuilder in the United States has executed an option to purchase the entire
Poplin Heights property in Union County, North Carolina, in a phase-by-phase
take-down structure with deferred payment terms. The offer was negotiated by Walton in an
effort to maximise revenues for its investors.
Walton performed and obtained the entitlement approvals resulting in the
current zoning of the property. The plot
consists of 94.16 acres of land (owned by the investors) which is planned for
development into 247 residential lots.
The approved offer terms
are expected to generate a return of 1.3x to the Walton investors in the form
of cash flow as the homebuilder builds and sells homes. The homebuilder expects
to make their first closing and break ground in 2021 with home sales projected
to begin in 2022.
Anderson
The same homebuilder
has also executed an option to purchase 78.04 acres of land slated for
residential development of up to 450 lots within the 82.24 acre Anderson property
in Hays County, Texas. Walton will continue to undertake limited entitlement
activities to support the homebuilder’s development plans for the property.
For this project,
investors are anticipated to earn a return of 2.14 times in the form of
cashflow as homes are sold. The homebuilder plans to make the first closing and
break ground in Q1 2021 with home sales projected from Q1 2022.
Bill Doherty, CEO of
the Walton Group of Companies said: “Walton’s new strategy has given
homebuilders the flexibility to take land inventory down in phases. Given the
volatility in recent months, this flexibility is valued more than ever. As a
result, we are seeing more interest in our U.S. land assets than ever
before. We are pleased that we have executed over
US$150 million of option agreements with homebuilders in the U.S. over the past
3 months. By working with well-known
homebuilders to expedite exits, our Asian investors, including our Singapore
investors are able to realise a return on their investments such as the Poplin
Heights and Anderson properties.”
For over 40 years,
Walton has researched, planned and structured pre-development land investments
located in major growth corridors throughout the U.S. and Canada. With the new strategies in place, it has
created new opportunities for investors and homebuilders.
About Walton International Group
The Walton Group of Companies is a privately
owned, global, real estate investment, land asset management and administration
company that has focused on strategically located land in major growth
corridors for over 40 years. The company manages and administers US$3.8 billion
of real estate assets in North America, on behalf of its investors and business
partners. Walton has more than 106,000 acres of land under ownership,
management and administration in the United States and Canada. Key entities in
the Walton Group of Companies include Walton Global Investments, Walton Global
Holdings, Walton International Group and Walton Development and Management. For
more information visit Walton.com.
HONG KONG, CHINA – Media OutReach – 12 June 2020 – Solomon Systech Limited will participate in the “Striving and Transforming
— The History of Hong Kong Industry” exhibition in Hong Kong, showcasing about
1,200 sets of classic Hong Kong-made products over the past century. Jointly organized by the Hong Kong Museum of
History (“Museum”) and the Federation of Hong Kong Industries (“FHKI”), the
exhibition is part of the FHKI 60th anniversary promotion campaign.
The classic Hong Kong-made products ranging from Solomon Systech ICs, Solar pressure
lantern, Mino transistor radio to Equity clock will be showcased at Special
Exhibition Gallery, Hong Kong Museum of History and running for more than two
months from 17 June to 24 August, 2020.
Background of the exhibition
Year 2020 is the 60th anniversary of the FHKI, the exhibition
has collated about 1,200 sets of items from companies and museums to show how
industrialists strived for success and pay generous tribute to the working
class for its contribution to Hong Kong’s industrial development in the past
decades.
Having the fact that many factories were relocated to the Mainland China
in recent years, Hong Kong, still, remains a base for decision making, product
design and promotion in addition to grooming industry talents. The exhibition provides a valuable
opportunity for the city to explore new possibilities in the high-tech and
creative industries.
Highlights of our involvement in
exhibition
Solomon Systech Limited is one of the few participating companies in the
semiconductor industry being invited to be taken part in this meaningful and
territory-wide exhibition. The seven
items provided by our company to the exhibition include various forms and
shapes of ICs, an enlarged drawing of a mobile phone display panel IC design, a
mask used to produce ICs, a mobile phone and an electronic shelf label using electronic
paper (“e-paper”) technology.
Being a pioneer of MIPI solutions for display, Solomon Systech Limited has
picked its IC, SSD2861, which is the lowest power consumption MIPI 8-lane
transmitter in the world, to be one of the items loaned for this
exhibition. Besides, one should not miss some other
exhibits related to Solomon Systech e-paper technology. Unlike conventional “emissive
display”, light from a backlight is projected through the display towards
your eyes, e-paper displays are referred to as “reflective displays”. The
ambient light from the environment is reflected from the surface of the display
back to your eyes. As with any reflective surface, the more ambient light, the
brighter the display looks. This may make users more comfortable to read and
provide a wider viewing angle than most light-emitting displays. In short, the advantages of e-paper include
high visibility and low energy consumption. Power is only needed when turning to a new image
of e-paper that extends the battery life in the product. The aforesaid wide
array of critical knowhow enables us to stay forefront of the industry in
response to fulfilling market needs promptly and maintaining our competitive
edges.
Raymond Wang, Chief Executive Officer of Solomon Systech (International)
Limited (the listed parent company of Solomon Systech Limited) said, “Walking together with Hong Kong and the FHKI for years, we believe
technology will help shape a better world.
Hence, we endeavor to put effort in enriching and extending our
intellectual property portfolio, so as to develop cutting-edge technologies
applicable to various kinds of display solutions. We also hope to engage all walks of life to visit
this exhibition and get inspiration by the development of our company dedicated
to the transformation of the high-tech industry.”
Complimentary gifts
The standard admission fee is HK$10 per visitor (free for Museum Pass
holders). Unlock an exclusive benefit if you visit the exhibition in the
designated period. Complimentary
promotion items will be given away by the Museum to all visitors of the
exhibition on a first-come, first-served basis and will be available while
stock lasts.
For enquiries and getting more photos of our exhibits, please contact
Carol Hui via carolhui@solomon-systech.com. The
information of the exhibition can be obtained from the website of the Museum https://hk.history.museum.
About Solomon Systech
Solomon Systech
(International) Limited has been listed on the main board of the Stock Exchange
of Hong Kong Limited since 8 April, 2004 (stock code: 2878). Founded in 1999,
Solomon Systech is a leading semiconductor company providing display IC
products and system solutions.
