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Holding – Tamfis Nigeria Limited

Tamfis Nigeria Limited

Tag: Holding

Lion Group Holding Makes Strategic Investment of Agunua Technology, to Explore New Opportunities in Carbon Finance, Business News

Technology tamfitronics

HONG KONG, Aug. 19, 2024 /PRNewswire/ — Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), the operator of an all-in-one trading platform that offers a wide spectrum of products and services, announced today that it entered into a non-binding term sheet with Hong Kong Agunua Technology Co., Limited (“Agunua Technology”) and plans to acquire a 60% post-investment equity stake in Agunua Technology. The investment, valued at $4.8 millionwill be executed using $2.88 million worth of American Depositary Shares (ADS) of the Company, priced at $1.2 per ADS. This strategic investment marks Lion Group’s significant expansion in the global carbon finance market, further enhancing its core competitiveness in climate financing, green finance, transition finance, and climate AI application services. The closing of the investment is subject to the execution of a definitive agreement and certain closing conditions set forth in the definitive agreement.

Carbon assets are the most promising strategic resource for international development over the next 30 years. Agunua Technology holds the exclusive technical mandate and 50-year operating rights for the only authorized carbon rights electronic trading platform in the Solomon Islands—the Solomon International Green Asset Exchange (‘SIGX’). SIGX boasts a sovereign government-backed international green exchange license and the sole system for South-South cooperation carbon account interconnectivity, making it the exclusive platform for green asset trading in South Pacific countries. The platform covers online sales, electronic order processing, electronic payment settlement, and all other activities related to electronic trading. Leveraging Asia’s technological research and development capabilities, the platform also features climate AI-based intelligent carbon emission measurement hardware, addressing issues of carbon data, carbon standards, green evaluation, and carbon asset trading interconnectivity between countries. This offers global carbon market participants an efficient, secure, and transparent trading environment.

Through this investment, Lion will secure exclusive operating rights to the SIGX carbon credit electronic trading platform. This move will enhance Lion’s efforts in building green financial infrastructure and expanding into emerging sectors focused on carbon neutrality services. By targeting key global markets, South-South cooperation countries, and the Greater China region, this move will not only diversify and enhance Lion’s innovative product offerings, delivering more comprehensive and specialized carbon finance solutions to the Company’s clients, but also open up substantial revenue opportunities, with SIGX’s revenue expected to surpass $200 million by 2029.

Mr. Chunning (Wilson) WangCEO of Lion, commented, “Under the global consensus on carbon strategies, the financialization and digitalization of the carbon market are increasingly enhancing its value. Lion’s recent investment is not only a significant expansion of our business but also a strategic move that aligns perfectly with the evolving trends in the global carbon finance market. By integrating Agunua Technology’s strengths with the resource advantages of the SIGX platform, we will create a solid foundation and significant growth potential for rapid expansion in the carbon finance sector. Moreover, by leveraging cutting-edge technologies such as Web 3.0 and AI, we are confident in securing a leading position in the global carbon finance market. This will enable us to achieve new growth points and sustainable development, advance the construction of a digital financial ecosystem, and create meaningful value growth for our shareholders.”

About Lion Group Holding Ltd.

Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one, state-of-the-art trading platform that offers a wide spectrum of products and services, including (i) total return service (TRS) trading, (ii) contract-for-difference (CFD) trading, (iii) Hong Kong-based over-the-counter (OTC) stock options trading, and (iv) futures and securities brokerage. Additional information may be found at http://ir.liongrouphl.com.

Forward-Looking Statements

This press release contains, “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Lion’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements about: Lion’s goals and strategies; our ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; Lion’s future business development, financial condition and results of operations; expected changes in Lion’s revenues, costs or expenditures; the impact of COVID-19; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Lion cautions that the foregoing list of factors is not exclusive. Lion cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. Additional information concerning these and other factors that may impact our expectations and projections can be found in Lion’s periodic filings with the SEC, including Lion’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023. Lion’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Contacts

Lion Group Holding Ltd.
Tel: +852 2820 9011
Email: ir@liongrouphl.com

ICR, LLC
William Winter
Tel: +1 203 682 8233
Email: ir@liongrouphl.com

New York
Skyline Corporate Communications Group, LLC
Scott PowellPresident
Tel: (646) 893-5835
Email: info@skylineccg.com

August 20, 2024
The Politics Holding Back Medicaid Expansion in Some Southern States

Politics tamfitronics

For Roderick Givensa radiation oncologist, the expansion of Medicaid isn’t just a policy issue. He practices medicine in a rural area in the Mississippi Delta and he sees daily how Medicaid coverage could help his uninsured patients.

“I can’t tell you the number of patients who I see who come in with advanced disease, who have full-time jobs,” Givens said. “They haven’t seen a physician in years. They can’t afford it. They don’t have coverage.”

This spring, the Mississippi Legislature considered but ultimately failed to expand Medicaid, which would have extended coverage to around 200,000 low-income residents. Mississippi is one of 10 states that haven’t expanded Medicaid, the state and federal health insurance program for people with low incomes or disabilities.

Seven of those states are in the South. But as more conservative-leaning states like North Carolina adopt it, the drumbeat of support, as one Southern state lawmaker put it, grows louder.

Advocates for expanding Medicaid say opposition is largely being driven by political polarization, rather than cost concerns.

Givens, who is also chair of the board of trustees for the Mississippi State Medical Association, which supports Medicaid expansion, said the federal government would pay for the vast majority of it and that most Mississippians support it. “Why does that not translate when it comes to policy?” Givens asked. “It’s called the stupidity of politics. Period.”

Givens pointed to Arkansas as a potential model for Mississippi because the state has similar demographics and expansion has been in place there for a decade. “Look at what has worked for them and what needs to be tweaked,” he said. “For me, that’s just common sense.”

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In states that have not expanded Medicaid, hundreds of thousands of people fall into the “coverage gap,” meaning they earn too much to qualify for Medicaid but are not eligible for subsidies to help pay for private insurance. Those in the coverage gap also can’t afford premiums and other out-of-pocket expenses on employer-sponsored insurance even if they are eligible.

The coverage gap is not an issue in states that have expanded Medicaid. In those states, a single person making up to 138% of the poverty level, or about $20,000 a year, can get on Medicaid. Someone making more than that can get subsidies for private health insurance.

For the first time in Mississippi, both the state Senate and House of Representatives proposed expanding Medicaid during the legislative session that ended in May. In the end, the efforts fizzled at the last minute.

Had the proposed bills succeeded, some 74,000 Mississippians who are stuck in the coverage gap would have gained access to Medicaid.

The House speaker, Jason Whitea Republican who supports expansion, acknowledged the political hurdles. “It’s President Obama’s signature piece of legislation. It’s known as Obamacare,” White said. “So, there are a lot of political dynamics centered around it that probably never allowed it to get off the ground.”

White said this year was different because of increased support from the business community.

“I kidded some of my fellow Republicans. I said, ‘Come for the savings, if you will, and then you can stay for the salvation and the good things that it does to improve people’s lives,’” White said. “If you can’t get there because it’s the right or compassionate thing to do to help these individuals, get there because it makes sense from a business standpoint.”

In neighboring Alabama, politics also thwarted attempts to provide more health care this year. Although the state legislature didn’t vote on any direct expansion bills, there was an attempt to include expansion language in a bill about casino gambling — specifically, a provision to allocate some gambling profits to rural health systems.

Ultimately, the Alabama bill was stripped down, and the funding for rural health was removed.

If Alabama expanded Medicaid, at least 174,000 more people would be covered, according to KFF. But the connection to Obamacare remains a stumbling block in Alabama’s Republican-dominated state legislature.

“Just the partisan nature of this is definitely a problem,” said Regina Wagneran assistant professor of political science at the University of Alabama. Wagner said that most Alabama voters support expansion and that other states have adopted the programs after mounting public pressure.

“A lot of rural voters are Republicans. And so your own constituents are being hit by this and you’re not addressing it,” she said. “If the pressure gets high enough and sentiment shifts, maybe that’s going to be enough to push them.”

The main disagreement in the Mississippi Legislature revolved around work requirements — recipients would have to show they were working part-time or in school.

White said many of his Republican colleagues view extending health coverage through Medicaid as “some form of welfare, some form of giveaway, some form of expanding government.”

Opponents of Medicaid expansion in Alabama are also concerned about potential impacts on the workforce of what they call free health care.

“If you open up this federal subsidized program for hundreds of thousands of people, then it could actually hurt that labor participation rate, give them another reason not to go to work, to stay at home,” said Justin Bogie, senior director of fiscal policy at the Alabama Policy Institutea research group that says it is committed to limited government.

The federal Centers for Medicare & Medicaid Services, or CMS, would have to issue a waiver to allow an expansion plan with a work requirement — something the Biden administration hasn’t done for any state.

This spring, Mississippi came close to a compromise bill that included a work requirement, something that needs a CMS waiver. Had the bill passed and CMS denied the waiver, expansion still would not have taken effect, and the state would have had to apply for the waiver from CMS every year, hoping for approval under a future — potentially more conservative — presidential administration.

That’s what happened in Georgia. In 2020, the Trump administration approved a waiver for a work requirement as part of a limited expansion effort. CMS later rescinded the waiver under the Biden administration, leading to a lawsuit. A federal judge ruled in favor of Georgia, reinstating the work requirement provisions.

However, only about 2,300 people are enrolled — which is fewer than half of 1% of the more than 430,000 uninsured Georgia adults who could gain access if Medicaid were fully expanded, according to KFF. The state’s alternative expansion plan has cost taxpayers at least $26 million, according to KFF, with nearly all of it going to administrative and consulting fees, not medical care for low-income residents.

As public support for expansion continues to grow in holdout states, North Carolina, the most recent Southern state to pass Medicaid expansion, may offer a glimpse of the future. Since its adoption last year, more than 600,000 people have become eligible.

“But it still took a long time,” said Robin Rudowitza vice president and director of the Program on Medicaid and the Uninsured at KFF, a health information nonprofit that includes KFF Health News. “It took the governor who continually supported expansion, and the legislature finally came to endorse and pass the expansion.”

Rudowitz said the fiscal incentive under the American Rescue Plan Act played a role in moving the needle in North Carolina and could help ignite debate in other holdout states. But ultimately, she said, the reasons the Affordable Care Act was established continue to be the strongest motivators.

“Without expansion, there are more people who are uninsured. Hospitals and other providers are not able to get reimbursement because individuals are uninsured,” Rudowitz said. “Those are the underlying issues that existed pre-ACA and continue to exist, particularly in states that haven’t adopted expansion.”

This article is from a partnership that includes the Gulf States Newsroom, NPRand KFF Health News.

August 9, 2024
What is holding back the energy transition? Energy producers, buyers weigh in

Technology tamfitronics

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June 20, 2024
Raytech Maintaining: Making Nasdaq Debut as It Pioneers Personal Care Electrical Home equipment in a Booming Market

Lifestyle

HONG KONG, Would possibly per chance also honest 17, 2024 – (ACN Newswire) –Within the dynamic world of non-public grooming, Raytech Maintaining (Nasdaq: RAY) emerges as a incandescent superstar, dedicated to enhancing person existence by approach to its modern differ of non-public care electrical appliances. Since its inception in 2013, this Hong Kong-primarily primarily based company has garnered over 10 years of industry experience, positioning itself as a leading player out there.

Interesting news hit the market as Raytech listed on the Nasdaq on Would possibly per chance also honest 15, below the logo “RAY”, a testomony to its unprecedented achievements and future likely. To make stronger its progress ambitions, the corporate has raised $6 million by approach to an preliminary public offering of 1.5 million shares.

The company excels in sourcing and wholesaling Japan Pure Class-branded non-public care and standard of living electrical appliances for international brand owners. Its broad product portfolio covers a various differ of categories, in conjunction with hair styling appliances, trimmers, eyelash curlers, and further. Nonetheless, the corporate’s ravishing experience lies in sourcing and wholesaling hair dryers, where it gives a rare assortment of salon-quality gadgets with developed keeping and styling aspects, moreover compact designs excellent for shuttle.

Sturdy and Long-Duration of time Relation with Key Client

Raytech has forged a formidable and enduring alliance with its Jap client, a leading company undoubtedly knowledgeable in small equipment market that’s been working for over 300 years since 1716, and is accepted as one amongst the dwell 10 sellers by system of retail volume in Japan’s thriving non-public care electrical equipment market that commands a outstanding draw within the industry.

This partnership has proven to be a monetary powerhouse, with the Jap client. making tall contributions to Raytech’s earnings. In both the fiscal years ending on March 31, 2023, and 2022, The Jap client’s involvement accounted for a rare 91.3% and 97.8% of Raytech’s total earnings, respectively.

Raytech’s unwavering dedication to cultivating enduring industry relationships is exemplified by its longstanding association with the Jap client. Leveraging its broad experience and experience within the non-public care electrical appliances industry, Raytech consistently delivers distinctive products and services and products, earning the unwavering belief and self belief of the customer.

The partnership with the Jap client no longer simplest solidifies Raytech’s market draw but also presents a gateway to boundless progress and expansion. Euromonitor Global’s request performed in December 2023 printed intriguing insights that the Jap market presents substantial alternatives for expansion, innovation, and improved person experiences within the non-public care equipment industry. Total sales price of non-public care electrical appliances in Japan skilled a most most valuable 10.8% boost in 2023. This progress was pushed by elevated average unit prices and enhanced product aspects, particularly within the hair care segment.

Raytech is also actively attempting to gain to originate bigger its market share in other markets in conjunction with america, Europe, and Asia because the international marketplace for non-public care electrical appliances has witnessed unprecedented progress, surging to a dimension of US$22.9 billion in 2023.

Large Market Boost Seemingly

Forecasts from IMARC Neighborhood show that the market will continue its upward trajectory, reaching a projected price of US$35.9 billion by 2032, with a compound annual progress rate (CAGR) of 5% at some level of the length of 2024-2032.

The certain outlook for this market can also also be attributed to a huge number of issues. The industry has benefited from the most valuable progress of the electronics sector, coupled with quick urbanization worldwide. Furthermore, changing person existence and an elevated emphasis on non-public health and hygiene had been key drivers of market expansion. A rising model amongst male shoppers to maintain beards and experiment with hairstyles has ended in a surge in ask for shavers and trimmers. In response, manufacturers occupy supplied modern products that lower hurt to hair and skin over prolonged use.

On this dynamic panorama, Raytech has emerged as a leading player, revolutionizing non-public grooming experiences. With a steadfast dedication to excellence, profound market experience, and an unwavering dedication to customer satisfaction, Raytech has established itself as a trusted partner for international brand owners. its broad differ of non-public care electrical appliances, with a various focal level on hair dryers, successfully meets the various wants of shoppers worldwide.

Great and Comprehensive Products and services Validates Ranking Monetary Efficiency

What sets Raytech Maintaining aside is its unwavering dedication to providing price-added services and products. With a workforce of highly knowledgeable consultants boasting a collective industry experience of 16 years, the corporate no longer simplest assists customers in sourcing and production processes but also gives product beget and model collaboration. its capacity to await person preferences and lift technical recommendations ensures that the non-public care electrical equipment products they build are tailored to meet the uncommon wants of brand title owners.

Therefore Raytech’s success is underpinned by its in-depth working out of this competitive market panorama, which helps brand owners navigate the challenges and unlock new alternatives for progress. Thru its broad market records, Raytech empowers partners to thrive within the ever-evolving non-public care electrical equipment industry.

In return, the corporate has demonstrated a commendable monetary efficiency, characterized by a stable money float. Within the fiscal year ending on March 31, 2023, Raytech exhibited stable monetary efficiency, generating HKD45.52 million (similar to US$5.80 million) in earnings and fetch earnings of HKD6.29 million (similar to US$0.80 million), ensuing in certain money float of HKD10.96 million (similar to US$1.40 million) from working activities.

Equally within the fiscal year 2022, the corporate generated HKD45.11 million in earnings and a fetch earnings of HKD9.44 million, which ended in Raytech’s vital money float of HKD8.23 million from working activities.

These fixed and heroic money flows underscore Raytech’s sound monetary administration practices and its capacity to generate favorable returns. The company’s stable monetary efficiency positions it successfully for future progress and success out there, highlighting its monetary steadiness and prudent operational recommendations.

Taking a peer ahead, Raytech targets to lengthen its industry operations past Hong Kong, focusing on the promising markets of america, Europe, and Asia. To make stronger its ambitious expansion plans, the corporate intends to lengthen investments within the sales and advertising and marketing goal, particularly within the U.S., Europe, and Asia markets.

As Raytech embarks on its stride to new markets, its unwavering dedication to customer satisfaction, proactive advertising and marketing efforts, and strategic resource allocation will continue to make contributions to its success within the highly competitive non-public care electrical appliances industry. By changing into a U.S.-listed public company and broadening its customer tainted, whereas setting up a stable presence in key areas, Raytech is successfully-positioned to maintain its imaginative and prescient and accomplish sustainable progress.

Media Contact
Raytech Maintaining Ltd.
Andrew Ling
E-mail: ling@raytech.com.hk
Web set up of dwelling: www.raytech.com.hk/
Telephone: +852 2117 0236

Subject: Press initiate abstract
Provide: Raytech Maintaining Ltd

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May 17, 2024

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