March 31, 2023

ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – RAD

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the “Class Period”), of the important May 19, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Rite Aid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear “red flags” that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice (“DOJ”) and (6) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8799792

March 31, 2023

NIC Peshawar Graduates Seventh and Eighth Cohort Startups

Islamabad, March 31, 2023 (PPI-OT): On March 16, 2023, LMKT-operated NIC Peshawar hosted a spectacular graduation ceremony for its Seventh and Eighth cohort startups. The event was attended by distinguished guests and dignitaries from the region, including managing director of the KPIT board, Ali Mehmood, General Manager Projects Ignite, Bilal Abbasi, Chairman of Planet N Group, Nadeem Hussain, and prominent members of the local business community.

As the operator of three of the seven National Incubation Centers, including NIC Peshawar, NIC Karachi and NIC Hyderabad, in Pakistan, LMKT has played a pivotal role in fostering the growth of the startup ecosystem in the country. Over the last five years, through this network, LMKT has incubated more than 500 startups all across the country.

Since its inception, 65 startups have graduated from NIC Peshawar’s incubation program, generating over 2,447 direct and 10,945 indirect employment opportunities, raising more than Rs1.35 billion in investments, and registering a revenue growth of over Rs950.5 million. The Seventh and Eighth cohort startups have created disruptive solutions for various industries, with their innovation and creativity being commendable and inspiring.

The Graduates:

The startups that graduated from the 7th cohort were Flyaway Hub, Kween, LaWomen, JANS Enterprises, Pak-MCQS, and uSteth. The 8th cohort graduates were Menrva, Wah Mantu, Brayt, Waterness, Altimate Outdoors, Northwest Technologies, E-Retail Point, Cobblers Cartel, Pdf Sehat (Smc Private) Limited, and Laraibs Cosmetics.

Nadeem Hussain, Chairman Planet N Group, praised the center for spearheading the development and expansion of the startup ecosystem in the region, stating,

“NIC Peshawar’s innovative programs and initiatives have created a supportive environment that nurtures young entrepreneurs and empowers them to turn their ideas into successful businesses.”

CEO LMKT, Atif Rais Khan, who joined the event virtually, emphasized the importance of startups in the current economic condition, stating,

“Startups are the hope for the future, and they have a critical role to play in driving economic growth and creating jobs.”

Lastly, Project Director NIC Peshawar, Asim Ishaq Khan, expressed his gratitude to all the participants and guests for their support and encouragement to the graduating startups, stating,

“NIC Peshawar has been instrumental in the growth and development of the entrepreneurial ecosystem, and we are proud of the graduates’ accomplishments. We wish them success in their future endeavors.”

Overall, the graduation ceremony marked another milestone in the success of the NIC program in shaping and empowering the startup ecosystem in Pakistan. The innovative ideas and entrepreneurial spirit of the graduating startups are set to create a significant impact on the economy and society, paving the way for a brighter future for the country’s startup ecosystem.

For more information, contact:
LMKT
9th Floor, Plot No. 55-C, Ufone Tower,
Jinnah Avenue, Blue Area, Islamabad, Pakistan
Tel: +92-51-111-115-658
Email: sales@lmkt.com
Website: https://www.lmkt.com/

The post NIC Peshawar Graduates Seventh and Eighth Cohort Startups appeared first on Business News Pakistan.

March 31, 2023

Aisha Steel Mills Limited – VIS places Steel Sector on Rating Watch

Karachi, March 31, 2023 (PPI-OT): The business and financial risk of the steel sector has increased on a timeline basis emanating from import restrictions, limited raw material coverage, soaring raw material prices, exchange rate volatility, and higher interest rates, resulting in inflationary pressures and a decline in demand in the construction, engineering, automobiles and infrastructure development projects.

The ongoing situation is expected to persist in the mid-term impacting the financial risk profile of companies across the sector. Accordingly, VIS Credit Rating Company Limited (VIS) has placed the steel sector and the companies rated therein by VIS under ‘Rating Watch’ status.

Aisha Steel Mills Limited (ASML) has been assigned entity rating of ‘BBB+/A-2’ (Triple B plus/A-Two), announced on December 13, 2022. Outlook on the same is revised from ‘Stable’ to ‘Rating Watch – Negative’ status. Long-term entity rating of ‘BBB+’ denotes adequate credit quality with reasonable and sufficient protection factors.

Moreover, risk factors are considered variable if changes occur in the economy. Short-term entity rating of ‘A-2’ indicates good certainty of timely payment, sound liquidity factors and company fundamentals. Access to capital markets is good. Risk factors are small. The ratings will remain under Rating Watch based on the unfolding of the economic and market developments going forward and updated over time line according to availability of financial information.

For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi, Pakistan
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: bilal@jcrvis.com.pk
Website: https://www.vis.com.pk/

The post Aisha Steel Mills Limited – VIS places Steel Sector on Rating Watch appeared first on Business News Pakistan.

March 31, 2023

Mehboob Steel Pipe Industry – VIS places Steel Sector on Rating Watch

Mehboob Steel Pipe Industry (MSPI) has been assigned entity rating of ‘BBB-/A-2’ (Triple B minus/A-Two), announced on December 30, 2022. Outlook on the same is revised from ‘Stable’ to ‘Rating Watch – Developing’ status. Long-term entity rating of ‘BBB-’ denotes adequate credit quality with reasonable and sufficient protection factors.

The post Mehboob Steel Pipe Industry – VIS places Steel Sector on Rating Watch appeared first on Business News Pakistan.

March 31, 2023

‫ہیز پیونی انٹرنیشنل کمیونیکیشن فورم 9 اپریل کو منعقد ہوگا، جہاں دنیا کے ساتھ پیونی کی کہانی شیئر ہو گی

ہیز، چین، 31 مارچ 2023/ژنہوا-ایشیانیٹ/– ہیز پیونی انٹرنیشنل کمیونیکیشن فورم 9 اپریل کو ہیز کے ہیومینگٹائی میں منعقد ہوگا، جس کی میزبانی سی پی سی شانڈونگ صوبائی کمیٹی کے پبلسٹی ڈپارٹمنٹ اور چائنا فارن لینگوئج پبلشنگ ایڈمنسٹریشن کریں گے۔

پیونی ‘چینی دارالحکومت پیونی’ کے سب سے عام کاروباری کارڈ کے طور پر خوبصورت اور باوقار ہے — ہیز، مہمان نواز، شانڈونگ کا ایک مشہور سیاحتی برانڈ اور چینی خصوصیات سے مالا مال ایک ثقافتی علامت ہے جسے دنیا بھر میں فروغ دیا جائے گا۔ ‘ایک چینی ثقافتی شناخت کی تخلیق اور دنیا کے ساتھ ہیز پیونی کی کہانی کا اشتراک’ کے عنوان سے اس فورم کا مقصد ہیز پیونی کی بین الاقوامی مواصلات کو فروغ دینا اور باہمی تبادلے، کثیر صنعتی انضمام اور شہر کے اثر ورسوخ کو مضبوط بنانے کے لیے پیونی کلچر پلیٹ فارم بنانا ہے۔

ہیز پیونی انٹرنیشنل کمیونیکیشن فورم

ہیز کی عوامی حکومت کے دی نیوز آفس کے مطابق ، فورم بنیادی طور پر ‘1+ 6+ این ‘ پر مشتمل ہے ، جہاں ‘1’ سے مراد تھیم پر مبنی فورم ہے۔ اہم مہمانوں کو مدعو کیا جائے گا کہ وہ دنیا کے پیٹرن پر مختلف زاویوں اور جہتوں سے نئے خیالات، نظریات اور فیصلوں کا تبادلہ کریں اور چین کی آواز سنائیں۔ ‘6’ سے مراد فورم کے چھ حصے ہیں، یعنی کامیابیوں کی نمائش، افتتاحی تقریب، کلیدی تقاریر، گول میز سیمینار، ‘کلچرل کمیونیکیشن اینڈ انوویشن بیس۔ پیونی کلچر انٹرنیشنل کمیونیکیشن سینٹر’ کی دستخطی تقریب، بیرون ملک پیونی گارڈن کی تعمیر کے اقدام کا آغازکرنا۔ ‘این’ سے مراد متعدد سرگرمیاں ہیں جیسے فورم سے پہلے مشاہداتی دورے، تھیم پر مبنی سیمینارز، میڈیا رپورٹس، غیر ملکی انٹرنیٹ سیلیبریٹی اور انفلوئنسر کے دورے، بین الاقوامی دوستوں کے لیے ‘پیونی ٹی پارٹی’۔ ہیز کی پیونی اور خصوصی صنعتوں کے ساتھ قریبی طور پر ملایا جائے گا۔ مہمانوں اور رپورٹروں کو پیونی باغ کا شاندار تجربہ حاصل کرنے ، پیونی صنعت کا سروے کرنے اور خصوصی نمائش ہال کا دورہ کرنے کے لئے مدعو کیا جائے گا۔

بین الاقوامی فورم ایک بین الاقوامی پیونی برانڈ کی تشکیل اور پیونی ثقافت کے بین الاقوامی مواصلات کو فروغ دے گا۔ سی پی سی کمیٹی اور ہیز کی حکومت نے اس تقریب کو بہت اہمیت دی ہے اور تقریب کی تیاریوں کو فروغ دینے کے لئے ہر ممکن کوشش کی ہے۔ ہیز دنیا بھر کے مہمانوں اور زائرین کا گرمجوشی سے استقبال کریں گے اور انہیں ‘چینی دارالحکومت پیونی’ کی دلکشی کی تعریف کرنے کی دعوت دیں گے۔

ماخذ: ہیز کی عوامی حکومت کا دی نیوز آفس

تصویر منسلک کرنے کےلنکس:

لنک: http://asianetnews.net/view-attachment?attach-id=439444

March 31, 2023

Heze Peony International Communication Forum to Be Held on April 9, Sharing the Story of Peony with the World

HEZE, China, March 31, 2023 /Xinhua-AsiaNet/– The Heze Peony International Communication Forum will be held at Huimengtai of Heze on April 9, hosted by the Publicity Department of the CPC Shandong Provincial Committee and the China Foreign Language Publishing Administration.

Peony is beautiful, dignified and graceful as the most typical business card of the ‘Chinese Capital of Peony’ — Heze, a famous tourism brand of Hospitable Shandong and a cultural symbol rich in Chinese characteristics to be promoted worldwide. Themed ‘Creating a Chinese Cultural Identity and Sharing the Story of Heze Peony with the World’, the forum aims to promote the international communication of Heze peony and build a peony culture platform for strengthening mutual exchange, multi-industry integration and the city’s influence.

Heze Peony International Communication Forum

According to The News Office of the People’s Government of Heze, the forum is mainly composed of ‘1+6+N’, where ‘1’ refers to a themed forum. Important guests will be invited to exchange new thoughts, ideas and judgments from different angles and dimensions on the world’s pattern and make the voice of China heard. ‘6’ refers to the six segments of the forum, namely the exhibition of achievements, the opening ceremony, keynote speeches, round-table seminars, the signing ceremony of ‘Cultural Communication and Innovation Cooperation Base – Peony Culture International Communication Center’, the launching of the initiative of peony garden construction overseas. ‘N’ refers to a series of activities such as observation trips before the forum, themed seminars, media reports, foreign internet celebrity and influencer trips, ‘Peony Tea Party’ for international friends. Various activities will be closely combined with the peony and special industries of Heze. The guests and reporters will be invited to have an immersive experience of the peony garden, survey the peony industry and visit the special exhibition halls.

The international forum will promote the shaping of an international peony brand and the international communication of peony culture. The CPC Committee and government of Heze have attached high importance to the event, going all out to promote the preparations for the event. Heze will warmly welcome guests and visitors from around the world and invite them appreciate the charm of the ‘Chinese Capital of Peony’.

Source: The News Office of the People’s Government of Heze

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=439444

March 31, 2023

2023 Digital Therapeutics Alliance Inaugural Summit: DTx Industry Leaders Gather to Transform Global Healthcare

Held at the Washington D.C. Marriott at Metro Center June 7 – 9, 2023.The 3-day Summit programming will be facilitated by leaders from all facets of the DTx industry, including policymakers, manufacturers, payors, and other experts to guide innovation and equity in healthcare.

Arlington, VA, March 30, 2023 (GLOBE NEWSWIRE) — The Digital Therapeutics Alliance (DTA) is hosting its Inaugural Summit on June 7-9, 2023 at the Washington Marriott at Metro Center. Leaders from all facets of the digital therapeutics (DTx) ecosystem, including policymakers, clinicians, and payors, will join DTA members to discuss the challenges and opportunities of DTx integration into the healthcare system and identify optimized policy, reimbursement, and regulatory pathways to accelerate adoption.

The 3-day Summit programming will be facilitated by Andy Molnar, Chief Executive Officer of DTA, and feature keynote presentations, panel discussions, and interactive sessions that cover the advancement of DTx, the impact of healthcare policy, reimbursement and regulatory pathways, clinical evidence requirements, and patient access optimization.

DTA’s Chief Executive Officer, Andy Molnar states: “We are here to transform healthcare and deliver a new category of medicine to patients to improve their lives. The 2023 DTA Inaugural Summit brings together the leaders in healthcare innovation that are making these monumental changes. We are building viable frameworks with partners from Capitol Hill, the investment ecosystem, clinicians, health plans, patients, and caregivers.”

DTx products use evidence-based, clinically evaluated technologies to optimize clinical and health economic outcomes, deliver high quality therapies to underserved populations, and transform how patients understand, manage, and engage in their healthcare.

Leading into the Summit, US-focused DTA members and staff will convene in Washington D.C. to meet with congressional members and other influential parties to advocate for the Access to Prescription Digital Therapeutics Act (S. 723 and H.R. 1458).This bill seeks to create a new benefit category for digital therapeutics and ensure permanent coverage and reimbursement of DTx products by Medicare and Medicaid.

Everett Crosland, DTA board member and Chief Commercial Officer for Cognito Therapeutics, commented, “Given the rapidly evolving reimbursement environment, DTA’s 2023 Inaugural Summit offers the DTx industry an unprecedented opportunity to engage and advocate on the issues that matter most to our companies, patients, providers, and payor partners. I’m excited to speak about the emerging frameworks that are shaping our future.”

Event details and registration: 2023 DTA Inaugural Summit

About DTA:

The Digital Therapeutics Alliance (DTA) is a global non-profit trade association of industry leaders and stakeholders with the mission of broadening the understanding, adoption, and integration of digital therapeutics into healthcare. DTA works to enable expanded access to high quality, evidence-based digital therapeutics for patients, clinicians, and payors to improve clinical and health economic outcomes. To learn more, please visit: www.dtxalliance.org and follow us on LinkedIn.

Attachment

2023 Digital Therapeutics Alliance Inaugural Summit

Autumn Brennan
Digital Therapeutics Alliance
608-304-8000
abrennan@dtxalliance.org

GlobeNewswire Distribution ID 8799236

March 31, 2023

China SCE Group Stayed Resilient in 2022 with Robust Financial Performance

China SCE Group Holdings Limited (“China SCE” or the “Company”, together with its subsidiaries, the “Group”, HKEX Stock Code: 1966), an integrated property developer in China, announced its audited annual results for the year ended 31st December 2022 (the “Year”).

Over the past year, in the face of industry risks and the impact of the pandemic, the confidence of domestic property purchasers has plummeted, dealing a blow to contracted sales. During the year, the Group recorded a contracted sales amount of approximately RMB59.023 billion, with a contracted sales area of approximately 4.91 million sq.m. The average selling price was RMB12,016 per sq.m. The Group together with its joint ventures and associates had an aggregate of over 120 projects for sale in over 50 cities, mainly in second-tier cities and core areas of high potential in third- and fourth-tier cities. As a result of the popular sales of Woven City in Hangzhou and the launch of a number of new properties by the Group in the Yangtze River Delta Economic Zone, this region has accounted for the largest share of contracted sales of the Group together with its joint ventures and associates, amounting to RMB24.609 billion or approximately 41.7% in 2022.

Balanced Land Bank and Liquidity While Maintaining a Record of “No Breach of Contract”

During the Year, the Group recorded a revenue of RMB26.71 billion and a profit attributable to owners of the parent of RMB24.5 million. The financial position remained robust and maintained a record of “no breach of contract”. The Group has also successfully implemented financing strategies to optimize the capital structure. Since December 2022, the Group has successively signed strategic cooperation agreements with several commercial banks to provide necessary financing services for the Group, receiving more than RMB43 billion in loans. In addition, benefited from national policies, the Group became one of the first private real estate enterprises backed by China Bond Insurance Co., Ltd. (“CBIC”) in 2023 and successfully issued bonds, which was a mark of the confidence of both investors and regulators in the Group’s development. The Group will keep communicating with financial institutions and stepping up its efforts to secure financing guarantee from CBIC and bond issue, so as to ease the pressure on cash flows through various channels.

As a result of the continued sluggish contracted sales of commodity house and difficulties in financing in the capital market, the Group suspended land acquisition in 2022 in order to maintain sufficient liquidity. Nevertheless, the Group together with its joint ventures and associates had a land bank with an aggregate planned GFA of approximately 33.87 million sq.m as of 31st December 2022, which is expected to be available for the Group’s development in the next two to three years.

Going forward, as the central government optimizes and adjusts real estate policies, the industry is poised to adopt a new development model. The Group will be committed to raising the operational safety margin, building a commercial business driven by cash flow and operational quality in order to maintain a solid financial foundation. At the same time, the Group will develop its asset management model, lower its reliance on financing, increase synergy with the property industry, as well as strengthen the symbiotic operational model with Funworld. Mr. Wong Chiu Yeung, Chairman and CEO of China SCE Group, said, “Looking ahead, the Group will continue to adhere to the ‘Dual Track’ synergistic development strategy and strengthen the synergy between shopping malls and rental apartments with residential development, concentrating on core cities and dominant regions. We will focus on our market, our clients and our products. The Group will also take heed of clients’ needs and attach greater importance to product research and development with the aim of further expanding its differentiated competitiveness to create greater value.”

Hashtag: #ChinaSCEGroup

The issuer is solely responsible for the content of this announcement.

About China SCE Group Holdings Limited (HKEX Stock Code: 1966)

China SCE Group Holdings Limited was established in 1996, with a key value proposition of “We Build to Inspire” and a mission of “Creating Smart Living to Help Achieve Happiness”. The Group’s main businesses include property development, commercial management, property management, and apartment leasing. The Group’s business headquarters is in Shanghai, while implementing a key focused strategy in the Yangtze River Delta Economic Zone, the Guangdong-Hong Kong-Macao Greater Bay Area, the Bohai Rim Economic Zone, the West Taiwan Strait Economic Zone, and Central Western Region. Its property projects are located across 63 cities, covering a wide range of properties including high-rise residential buildings, offices, shopping malls and long-term rental apartments. In 2022, China SCE Group was honoured as the “2022 Best 30 of China Real Estate Listed Companies with Comprehensive Strengths”, “2022 TOP 50 of China Real Estate Developers”, and “Fortune China 500”. The Group will continue to be committed to the “Dual-track” strategic plan to secure its regional leading position by implementing more proactive and prudent development strategies, striving to become a more competitive property developer in China.

Source: Xinhua Finance Agency