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Etermon Raises $2 Million in Private Round
Ho Chi Minh, Vietnam, Feb 25, 2022 - (ACN Newswire) - The BSC-based GameFi project has successfully raised $2 million in a recently-concluded private round to cap off its good run in early 2022.
Etermon, a strategy-centered NFT game developed by Vietnam-based Moli Studio, has hit the million-dollar mark in Private round. This round of funding began in End-December and had attracted investment worldwide. There are notable names such as Bluewheel Capital, Automatic Venture Group, Croc Capital, CoinCu Ventures, CoinLab Ventures, OGRTZ Ventures, Metaver Ventures and many others.
In addition to receiving support from international investors, Etermon works with a high-profile advisory board. Those include experts in blockchain and finance from Vietnam, Taiwan, Hong Kong, Poland and USA. The coordinates of a group of advisors who have a rich experience in the industry have made a stable foundation for Etermon to run sustainably as well as capable of achieving great success.
One of Etermon's strategic partners is Ulti Arena - a Poland-based proof of gaming and NFT marketplace for gaming artists and developers. With the gaming community at the heart of Etermon's long-term plan, a partnership with Ulti Arena will help Moli Studio's brainchild in extending fanbase and product utilization.
These developments put Etermon off to a good start in 2022 as the project is on the right track towards achieving milestones according to its roadmap. As of February 2022, Etermon's game development is halfway through.
In March, it is expected that Etermon will release the testnet version for the community to gain feedback and thereby make enhancement updates. Come April, Etermon will be officially released on both web and mobile platforms.
About Etermon
Etermon is a 2D card-battle game with cartoonish graphic, simple but addictive gameplay. The NFT gaming market is already filled with plenty of projects and Etermon is one of a few to stand out in terms of strategic aspects.
The game applies the dominant "Play-to-earn" model that gives players the chance to generate an income stream through playing. Players can be awarded unique items with verifiable ownership that can then be traded, bought, or sold. Etermon is a part of the vast Eternity universe, where different game products will be developed in the long run and have a certain connection with each other.
Besides monetization, Moli Studio is committed to creating a product that leverages player ownership and a truly unique community-driven economy. Through this GameFi project, the team strives to build Etermon as a long-term product and make its way into the international scene.
Follow Etermon's official channels to keep up to date with the latest news.
Social Links:
Telegram: https://t.me/EtermonAnnouncement
Twitter: https://twitter.com/EtermonOfficial
Discord: https://discord.gg/m6QTpYK7pW
Facebook: https://www.facebook.com/EtermonOfficial
Media contacts
Brand name: Etermon
Contact: Filip Tran, CEO
E-mail: [email protected]
Website: https://etermon.io
SOURCE: Etermon
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Champion REIT Announces 2021 Annual Results
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Summary of financial results
FY 2021 FY 2020 Change
Total Rental Income (HK$ mil) 2,495 2,633 -5.2%
Net Property Income (HK$ mil) 2,197 2,347 -6.4%
Distributable Income (HK$ mil) 1,503 1,554 -3.3%
Distribution per unit (HK$) 0.2279 0.2496 -8.7%
31 Dec 2021 31 Dec 2020 Change
Gross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%
Net Asset Value per unit (HK$) 8.25 8.61 -4.2%
Gearing Ratio 22.9% 23.0% -0.1pp
Overview
The persistent COVID-19 pandemic continued to pose challenges to the operating environment for our business in 2021. Amid the gloomy market conditions, Champion REIT recorded a drop in distributable income by 3.3% to HK$1,503 million and distribution per unit ("DPU") declined 8.7% to HK$0.2279.
Three Garden Road
Three Garden Road recorded a shrank of the rental income by 3.8% to HK$1,460 million in 2021 (2020: HK$1,518 million). Average passing rent decreased to HK$108.3 per sq. ft. (based on lettable area) as at 31 December 2021. Demand from new and existing tenants gradually materialised in the second half, boosting the occupancy of the property to 89.0% as at 31 December 2021.
Langham Place Office Tower
The impact of negative rental reversion drove down rental income of Langham Place Office Tower to HK$365 million in 2021 (2020: HK$378 million), and passing rents of the property declined to HK$47.1 per sq. ft. (based on gross floor area) as at 31 December 2021. Occupancy of the property increased to 96.3% as at 31 December 2021, given the rebound in leasing momentum for beauty and healthcare tenants.
Langham Place Mall
Amid the challenging environment for retail leasing, the total rental income of the property went down 9.1% to HK$670 million (2020: HK$738 million). The average passing rents dropped to HK$165.9 per sq. ft. (based on lettable area) as at 31 December 2021. The mall remained fully occupied as at 31 December 2021, attributed by the spearhead of the Langham Beauty concept at our premises which upgraded the tenant mix and strengthened the strategic positioning of the mall.
Distribution
Distributable income of the Trust dropped 3.3% to HK$1,503 million (2020: HK$1,554 million) and DPU dropped 8.7% to HK$0.2279 (2020: HK$0.2496). Based on the closing unit price of HK$3.99 recorded on 31 December 2021, the total DPU represented a distribution yield of 5.7%.
Asset Value
The appraised value of the Trust's property portfolio was HK$65.3 billion as at 31 December 2021, declining 3.0% from HK$67.3 billion as at 31 December 2020.
Sustainability
We forged ahead to embrace change with resilience and agility to manage business continuity and put people at the heart of what we do. In addition to the BEAM Plus Existing Building Platinum certification, Langham Place Mall was awarded the international EDGE green building certification, making it the first shopping mall in Hong Kong to receive the recognition. The Trust also secured its first sustainability-linked loan and sustainability-linked swap, befitting our sustainability objectives.
Outlook
Amid the ongoing COVID-19 pandemic, the outlook of Hong Kong office and retail property market remains uncertain and difficult. The tightening of social distancing measures would continue to affect the business of our tenants. Relaxation of cross-border controls and quarantine requirements locally would be crucial for economic recovery.
Looking forward, we will continue to adopt a flexible leasing strategy to retain tenants and maintain high occupancy rates. Despite the unfavourable conditions, we strive to inject impetus to growth through asset enhancement and trade mix rebranding initiatives. We will take a prudent approach in balance sheet management in a rising rate environment. Equipped with a sufficient reserve, the Trust stands ready to pursue acquisition opportunities globally with a goal to generate long-term returns.
About Champion REIT (stock code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: https://www.championreit.com/
For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: [email protected]
Christina Cheuk Tel: 2114 4979 Email: [email protected]
Yvonne Lee Tel: 2864 4847 Email: [email protected]
Website: http://www.sprg.com.hk/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChampion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.
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