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TRUSTCO ANNOUNCES SHARE CONSOLIDATION FOR GLOBAL MARKET ALIGNMENT

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Windhoek, Khomas, Namibia, 14th Aug 2024 – Windhoek, Namibia – Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) today announced the decision to implement a share consolidation, also known as a reverse stock split to international investors, following its recent announcement regarding the upgrade of its American Depositary Receipts (ADR) program.

The board of Trustco has approved and recommended to shareholders for approval, the consolidation of shares at a ratio of 20:1. The consolidation of shares coincides with the ADR ratio of 1:20 and ensures alignment between the ADR and the JSE trading platforms. The face value of the share will increase, but not the intrinsic value. Importantly, the consolidation will have no dilutionary effect on shareholders, as the proportional ownership of each shareholder remains unchanged, ensuring a streamlined and more efficient trading experience for both domestic and international investors.

Quinton Z van Rooyen, Trustco’s Deputy CEO

Quinton Z van Rooyen, Trustco’s Deputy CEO, commented on the consolidation: “Trustco’s vision is global, and this share consolidation is another step in unlocking that potential. By taking these steps, we are positioning Trustco to not only meet the expectations of international markets but to thrive in them. We are confident that this alignment will strengthen our relationships with both new and existing investors, while allowing us to better compete on the world stage.”

This share consolidation initiative comes on the heels of Trustco’s recently announced plans to upgrade its ADR program to Level 3, part of the company’s strategy to expand its presence in the United States (US) capital markets. ADRs are US dollar-denominated negotiable certificates issued by a US depository bank, representing ownership of shares in a non-US company. They enable international investors to easily purchase and trade shares of foreign companies on US financial markets. Trustco’s ADR program, which began in 2014, allows US investors to participate in the company’s growth story without directly accessing foreign markets.

Shareholders will be asked to approve the share consolidation at an upcoming meeting. The company will provide further updates as the process progresses.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, commercial banking, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 14082415694

The post TRUSTCO ANNOUNCES SHARE CONSOLIDATION FOR GLOBAL MARKET ALIGNMENT appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Scientology in Europe: Spreading Festive Cheer with a Purpose

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Brussels, Brussels, Belgium, 28th Nov 2024 – As the festive season approaches nearer and nearer in Europe, the Church of Scientology is planning activities to enrich the festivities with meaning and significance. They are engaging in activities such as advocating for rights and preventing drug abuse aiding children in need and fostering a culture of behavior during this time of generosity to positively impact their communities.

Inspired by holiday events at their Los Angeles headquarters and Saint Hill in the UK—formerly the home of Scientology founder L. Ron Hubbard—members across Europe are engaging with local communities to address pressing social issues while spreading festive joy.

Helping Valencia Recover from Devastation

This year in Valencia, Spain, the Church is exemplifying its dedication to serving the community. Volunteer Ministers swiftly responded to the aftermath of floods working around the clock to clean up the mud from residences, roads and public spaces, provide resources and provide emotional solace to families with the purpose of rebuilding their livelihood. 

In an effort to uplift those most impacted by the events the Volunteer Ministers arranged a toy collection drive, for children who suffered losses in the flooding incidents. Volunteers from across Spain are generously donating toys and funds to bringing some joy and comfort to families enduring the difficult circumstances. This initiative reflects a desire to assist children in finding moments of joy and normalcy amidst the holiday season.

Festive Giving Across Europe

In cities like Madrid, Paris, Brussels, Berlin, Copenhagen, and Milan among others, Scientologists are embracing the holiday spirit by hosting events that blend celebration with community service. These gatherings often feature talks on human rights, drug awareness, and ethical principles, alongside fun activities for children. By bringing people together in a festive atmosphere, they inspire there a meaningful action on important social issues.

The Church’s programs also align with its global initiatives, including The Way to Happiness, Youth for Human Rights, and Drug-Free World. These campaigns encourage kindness, integrity, and responsibility—values that resonate strongly during the holiday season.

A Focus on Ethical Living

A significant part of the Church’s holiday outreach is the promotion of The Way to Happiness, a non-religious moral guide written by L. Ron Hubbard. Its 21 principles for ethical living, such as “Love and Help Children” and “Be Competent,” are shared at events to encourage acts of compassion and positive change. Volunteers often distribute copies at gatherings, inviting people to incorporate these principles into their daily lives and New Year’s goals.

Supporting Children and Families in Need

The Church of Scientology places a special emphasis on helping children during the holiday season. In many European cities, parishioners organize toy drives and gift distributions in partnership with local charities, providing also essentials like clothing, school supplies, and holiday meals for families who are struggling.

The Church’s holiday activities in Europe echo the festive celebrations at its Los Angeles headquarters, where families gather for an annual holiday lighting festival. With attractions like ice skating, face painting, and visits from Santa Claus, the event is dedicated to fostering joy and community spirit.

Scientologists aim to do more than just light up city streets—they strive to brighten lives. By combining festive celebrations with meaningful outreach, church parishioners have through decades encouraged acts of kindness and a shared commitment to building a better future for everyone.

For Scientologists, the holiday season is about more than festivities. It’s an opportunity to give back, support those in need, and leave a positive impact on the world.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 28112420545

The post Scientology in Europe: Spreading Festive Cheer with a Purpose appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

STAR KIDS officially launches innovative kids gym with indoor playground at AEON Mall Tebrau City

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Starkids is a facility where children can feel a sense of achievement by creating an environment for challenges through classes with dedicated coaches.

JOHOR BAHRU, November 28, 2024 –

 Drawing inspiration from the highly successful Molly Edutainment Sports model in China, STAR KIDS is dedicated to creating an engaging space where children aged 3 to 12 can enjoy a unique blend of fitness, fun, and play.

From left, Mr. Wataru Koiwa (Board of Director), Yang Berhormat Liow Cai Tung (State Assembly Person of Johor Jaya), Mr. Naritomo Yamazaki (Managing Director), Mr. Utsunomiya Satoshi (Deputy Managing Director), Ms. Ito Kanako (General Manager Business Strategy), Mr. Mohd Faizal Bin Isa (Amusement Division Manager)

STAR KIDS is a dynamic space where children can explore, learn, and grow through the concept of “learning through play,” with a strong emphasis on physical activity. Our facility offers age-specific classes led by experienced coaches with sports backgrounds, along with events tailored to each child’s developmental stage. On weekends, STAR KIDS partners with external coaches to bring a diverse range of sports activities, ensuring a variety of fun and engaging experiences.

       Indoor playground at STAR KIDS

Adding to the excitement, the first-ever ‘GET! Stage’ in Malaysia will open right next to STAR KIDS. This unique retail area will feature a range of collectible and interactive merchandise, including trading cards, figurines, Gashapon, Kuji items, blind boxes, and exclusive Ichiban KUJI items. The space will also host trading card events and teaching workshops, making it an interactive hub for both learning and entertainment.

  An interactive digital screen at the big stage for players

STAR KIDS is equipped with thrilling facilities like trampolines, a ball pool, a sand pool, and the imaginative “Toy Master” zone. These areas are designed to ignite creativity and inspire physical activity, providing a fun and vibrant environment for kids.

   The interesting slides for kids and adults with terms and conditions

With a mission to inspire a lifelong love of fitness and play, STAR KIDS is dedicated to creating a safe, engaging, and joyful space where children can build confidence, stay active, and create cherished memories with friends and family.

We invite parents and children to experience the joy of active play at STAR KIDS! For more information, please visit our website at www.aeonfantasy.com.my or follow STAR KIDS Facebook page at https://www.facebook.com/starkidsmalaysia.

About Star Kids

STAR KIDS is an all brand new indoor playground concept from AEON Fantasy! STAR KIDS focuses on fitness and health among children with an all new gym and sports based indoor playground. This playground only offers the best gym facilities catered for children. STAR KIDS also provide a dedicated fitness classroom for children to stay healthy and fit!

Connect with Star Kids Malaysia

Facebook | Instagram | Website | Email

Media Contact

Organization: Star Kids Malaysia

Contact Person: Future Marketing Group

Website: https://www.aeonfantasy.com.my/brand/star-kids/

Email: Send Email

Country: Malaysia

Release Id: 28112420521

The post STAR KIDS officially launches innovative kids gym with indoor playground at AEON Mall Tebrau City appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Solar Price Surge Coming? How China’s Tax Rebate Cut Affects You Directly

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On November 15th, the Chinese government reduced the export tax rebate for photovoltaic modules from the previous 13% to 9%.  What are the short-term effects of this change on the photovoltaic market?

 

1. Delivery Impact: Pressure on Supply Chains

 

November 19th – November 28th: 

With the tax rebate cut, many orders originally scheduled for overseas shipment in December are now rushing to be delivered.  There will be significant pressure on the delivery of popular models.

 

November 29th – December 15th: 

Domestic orders delayed from late November will gradually start to ship, but there will still be intense pressure.  Large orders will likely need to be split for delivery.

 

December 15th – December 31st: 

Delivery pressure may ease somewhat, but the situation will still be tight.

 

Conclusion: 

Short-term pressure on deliveries will be immense, mid-term deliveries will be sporadic, and there will be gradual fulfillment towards the end of the year.

 

Recommendations:

1. If you must ship, avoid popular models.

2. If you need popular models, delay the production schedule.

3. If shipment is necessary, split the order and source from multiple reliable suppliers instead of relying on a single one.

 

2. Pricing Trends: Short-term Price Increases Likely

 

November 19th – December 31st: 

Steady with slight increases Delivery pressure is high, and manufacturers are not worried about selling out, so there’s a possibility of price hikes.

 

· Key products: 

  Expect price fluctuations in popular high-efficiency PV modules as well as high-demand modules such as bifacial solar panels.

· Recommendation: 

  If you are planning to buy in the short term, it may be wise to lock in prices now to avoid price hikes.

 

January 1st – January 31st: 

Stable Due to the Chinese New Year holiday on January 29th, actual production time is limited to about half a month.  Therefore, factory delivery pressure will be lighter, and prices are unlikely to fluctuate significantly.

 

February 1st – March 31st: 

Increase overseas, stable domestically

Overseas: A slight price increase is inevitable due to the reduced tax rebate.

Domestic: Prices will remain largely unchanged.

 

3. Moregosolar Conclution:

* Mainstream models will remain stable with minor short-term increases, maintaining stability in the long term.

* Non-mainstream models may see slight price increases with delivery pressure.

* European warehouse stock will sell well in the short term, remain stable in the mid-term, and experience slight price increases in the long term.

 

 

Facebook: https://www.facebook.com/mogesolar

YouTube: https://www.youtube.com/@Moregosolar

LinkedIn: https://www.linkedin.com/company/morego

Tiktok: https://www.tiktok.com/@Moregosolar

 

Company Name: MOREGO SOLAR

City, State, Country: Nanjing, Jiangsu, China

Websitewww.moregosolar.com

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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