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The Place Holdings on its next leg!
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choices30
Member |
29-Jun-2022 22:01
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While Singapore is the first city outside China to have a sky screen built by The Place Holdings, The Place Holdings said it also aims to scale and replicate its screens in 10 major cities around the world. The screens will have capabilities such as screening live concerts simultaneously, and eventually, the gamification of the platform for the metaverse. |
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WBdisciple
Elite |
29-Jun-2022 21:00
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Straits Times:
South-east Asia' s largest suspended LED sky screen to be built in S' porehttps://www.straitstimes.com/singapore/consumer/south-east-asias-largest-suspended-led-sky-screen-to-be-built-in-sporeSINGAPORE - The Republic will be home to the largest interactive, suspended LED sky screen in South-east Asia, which can broadcast live sporting events and concerts, among others. Modelled after the Shimao Tianjie Sky Screen in Beijing, China, the screen, whose location is yet to be disclosed, is set to be 200m long. Some $200 million will be pumped into building it. Beijing' s Sky Screen, which stretches above a pedestrian walkway at mixed-use development The Place, is 250m long and 30m wide, and comprises 7,500sq m of LED lights, as well as several sound systems. It was built in 2006 but has been upgraded over the years. Singapore' s equivalent will be built by Chinese property management and media company The Place Holdings, which signed a definitive agreement on Wednesday (June 29), with Stellar Lifestyle, which manages retail and advertising space in Singapore' s MRT network. " The location is still being finalised, but once that is done, it will take about one to 1½ years to be constructed," said Mr Fan Xianyong, chief executive of The Place Holdings, speaking to the media before the signing of the agreement at the Sands Expo and Convention Centre. Mr Fan added that the sky screen here will be an enhanced version of Beijing' s one, and hopes it will serve as a catalyst for new tourism and retail experiences in Singapore. Besides the sky screen, the two firms' collaboration covers the development of various platforms, including a digital and advertising platform, and a last-mile service platform, which will transport merchandise from the nearest distribution hub to the final destination, such as a home or business. The digital platform, in particular, will integrate technological infrastructure such as artificial intelligence and big data. Mr Ji Zenghe, executive chairman of The Place Holdings, said: " We share the same vision (as Stellar Lifestyle) of utilising new technology advancements and infrastructure to improve the quality of our lives and enabling SMEs (small and medium-sized enterprises) to integrate into modern business models with new digitalisation capabilities." Mr Seah Moon Ming, chairman of SMRT Corporation, said it is jointly developing interactive media solutions and innovative business offerings with The Place Holdings. " We look forward to seeing the enlivened stations and surrounding neighbourhoods that will connect better with commuters and communities," added Mr Seah. Tourism experts like Dr Michael Chiam said such an attraction will benefit Singapore as it provides an additional offering for tourists to explore. The senior lecturer in tourism at Ngee Ann Polytechnic said its proposed location will also be important. " If it can be incorporated into an existing place in Orchard Road, it could certainly help to rejuvenate that area," said Dr Chiam, who added that the content on the sky screen must be relevant to Singapore, and there will need to be an element of fun and excitement for the target audience. " The stakeholders will have to work with the relevant authorities, such as the Urban Redevelopment Authority and Building and Construction Authority, to ensure that the project meets all guidelines and regulations," he said. While Singapore is the first city outside China to have a sky screen built by The Place Holdings, The Place Holdings said it also aims to scale and replicate its screens in 10 major cities around the world. The screens will have capabilities such as screening live concerts simultaneously, and eventually, the gamification of the platform for the metaverse. |
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tedlim
Veteran |
29-Jun-2022 18:53
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Dun think it is one shot S$200million...probably need project financing as well...typical of such projects | ||
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chiachiawee
Elite |
29-Jun-2022 18:22
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oH WOW. But wait, did they mention how the $200m is to be funded? Internally or something else? I can' t seem to find it in the announcement. cheers. | ||
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tedlim
Veteran |
29-Jun-2022 18:02
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Full announcment here: Entry Into A Collaboration Agreement With Stellar Lifestyle Pte. Ltd., A Business Arm Of SMRT https://theplaceholdings.com/view& id=1063 |
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WBdisciple
Elite |
29-Jun-2022 18:00
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More extracts from press release:
Improving Commuters and Communities Lifestyle Experience and Enhancing Singapore&rsquo s SMEs Capabilities within the Digital Economy via the L.I.F.E Omni-Channel Ecosystem Under the collaboration agreement, there are five key business areas in the L.I.F.E omni-channel ecosystem:
1. Sky Screen Ecosystem Platform
2. Co-working Platform
3. Digital and Advertising Platform
4. Technology Applications Platform
5. Last-Mile Service Platform
The Place Holdings will invest approximately S$200 million in the L.I.F.E omni-channel ecosystem and for a start, both companies will focus on the development of the digital platform with technology infrastructure comprising Artificial Intelligence, Big Data, Internet of Things applications, among others, that is integrated within this ecosystem.
In addition, The Place Holdings and Stellar Lifestyle are planning Singapore&rsquo s first Sky Screen, a suspended 200 meters long video screen that will be an enhanced version of Beijing&rsquo s iconic spectacle, 世 贸 天 阶 梦 幻 天 幕 (&ldquo The Place Sky Screen&rdquo ).
Pioneering new experiential marketing experiences in China, The Place Sky Screen is one of the largest sky screens in Asia with 7,500 sqm of LED lights across a space of 250m long and 30m wide. The Place Sky Screen has established a strong brand and continues to be a popular venue and platform for various events, advertisements and media.
For Singapore&rsquo s first Sky Screen, it is positioned as a high-tech, immersive visual extravaganza and attraction that aims to be a catalyst for new tourism and retail experiences in Singapore with unique and engaging experiences.
A key component of &ldquo L.I.F.E&rdquo omni-channel ecosystem, Singapore&rsquo s first Sky Screen attraction will also serve as a catalyst for SMEs to boost new business vibrancy via new possibilities in digital media solutions and technology innovations.
Mr Seah Moon Ming, Chairman of SMRT Corporation Ltd, said, &ldquo As part of SMRT&rsquo s Communities in Stations programme, we are transforming our stations into inclusive community spaces to engage commuters, better serve the public and foster a stronger sense of community. Following the successful launch of our Comic Connect project in Toa Payoh station, we are now collaborating with The Place Holdings to jointly develop experiential media solutions to drive meaningful social interactions and provide innovative business offerings.
The Place Holdings has an impressive track record of developing market-leading media, tourism, and real estate businesses. We look forward to seeing the enlivened stations and surrounding neighbourhoods that will connect better with commuters and communities.
We believe these collaborations would pave the way for greater business success together.&rdquo
Mr Ji Zenghe (吉 增 和 ), Executive Chairman of The Place Holdings, said, &ldquo The digital era has been rapidly evolving and the technology we are already exposed and accustomed to has paved the way for us to innovate further.
Together with Stellar Lifestyle, we share the same vision of utilising new technology advancements and infrastructure to improve the quality of our lives and enabling SMEs to integrate into modern business models with new digitalisation capabilities.
Singapore&rsquo s first Sky Screen is positioned as a new tourism attraction, creating immersive and experiential experiences that also serve a catalyst for new business models within the digital economy.
Together with the &ldquo L.I.F.E&rdquo omni-channel ecosystem, we aim to complement Singapore&rsquo s Smart Nation initiatives by continuously improving our platform offerings and experience, creating endless possibilities and value propositions for the communities that we serve.&rdquo |
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CheongArgh
Master |
29-Jun-2022 17:57
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Tmr gap up to 0.12.....
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WBdisciple
Elite |
29-Jun-2022 17:49
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clean up abit so easier to read:
The Place Holdings and Stellar Lifestyle Enters Into a Collaboration Agreement to Develop L.I.F.E Omni-Channel Ecosystem to Improve Commuters and Communities Lifestyle Experiences and Enhance SMEs Capabilities within Singapore Digital Economy The Place Holdings to Invest S$200 Million Towards the L.I.F.E Omni-Channel Ecosystem, a Key Highlight will be Singapore&rsquo s First Sky Screen Attraction with Technology Infrastructure that Aligns with Singapore Vision for a Smart Nation &bull The L.I.F.E omni-channel ecosystem stands for Logistics, Immersive, Futuristic and E-Commerce and The Place Holdings will invest approximately S$200 million in this ecosystem
&bull As part of the four key foundation blocks of the L.I.F.E omni-channel ecosystem, both firms will spearhead Singapore&rsquo s first Sky Screen attraction, a suspended 200 meters long video screen that is an enhanced version of Beijing iconic spectacle, The Place Sky Screen, as a catalyst for new tourism and retail experiences in Singapore
&bull Aligned with Singapore vision for a Smart Nation, both companies aim to develop a digital platform with technology infrastructure comprising Artificial Intelligence, Big Data, Internet of Things applications, among others, that is integrated within the L.I.F.E omni-channel ecosystem
&bull The L.I.F.E omni-channel ecosystem aims to improve commuters and communities lifestyle experiences, enhance SMEs digitalisation capabilities, and boost new business vibrancy within Singapore&rsquo s digital economy
&bull Strong opportunities for The Place Holdings and Stellar Lifestyle to scale and replicate the L.I.F.E omni-channel ecosystem across emerging digital markets in Asia
https://links.sgx.com/1.0.0/corporate-announcements/BFE7GNE9M05RPGTF/daa9222d6d4c17df65e2cab49cfe92209e26eb8fedf7fe06474ee920746dd1dc |
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CheongArgh
Master |
29-Jun-2022 17:44
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Entry into a collaboration agreement with Stellar Lifestyle Pte Ltd, a business arm of SMRT.....
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WBdisciple
Elite |
29-Jun-2022 17:41
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Just announced with SMRT business arm: The Place Holdings and Stellar Lifestyle Enters Into a Collaboration Agreement to Develop &ldquo L.I.F.E&rdquo Omni-Channel Ecosystem to Improve Commuters&rsquo and Communities&rsquo Lifestyle Experiences and Enhance SMEs&rsquo Capabilities within Singapore&rsquo s Digital Economy The Place Holdings to Invest S$200 Million Towards the &ldquo L.I.F.E&rdquo Omni-Channel Ecosystem, a Key Highlight will be Singapore&rsquo s First Sky Screen Attraction with Technology Infrastructure that Aligns with Singapore&rsquo s Vision for a Smart Nation
https://links.sgx.com/FileOpen/2.%20TPH%20Stellar_Press%20Release_final.ashx?App=Announcement& FileID=722090 |
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tedlim
Veteran |
29-Jun-2022 17:38
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Haters gonna hate...pls do your own DD... | ||
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MakeChanges
Elite |
29-Jun-2022 08:30
Yells: "No price is too low for a bear or too high for a bull" |
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Ah tiong company always ended up as suspension and ' makan' shareholder $$ | ||
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Secret_Squirrel
Elite |
29-Jun-2022 07:34
Yells: "Stay curious but skeptical" |
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This company future only in Singapore.
Forget about China as China real estate is gone case. People in China have lost their purchasing power. The rich has moved their money overseas.
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tedlim
Veteran |
28-Jun-2022 10:33
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Buy what when Company has a trading halt and no news out yet?? hahaha | ||
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tedlim
Veteran |
27-Jun-2022 14:19
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A trading halt is generally requested for a minimum of thirty minutes to a maximum of three market days. |
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MakeChanges
Elite |
27-Jun-2022 08:30
Yells: "No price is too low for a bear or too high for a bull" |
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TRADING HALT ! | ||
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spursfan
Supreme |
27-Jun-2022 07:37
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Trading halt pending announcement. | ||
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CheongArgh
Master |
24-Jun-2022 12:43
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Ai lai liao !!!!!
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For_The_Next_Leg
Master |
22-Jun-2022 15:32
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$The Place Hldg(E27.SI)
Interesting appointment in my point of view. Looks like an expansion within Singapore is on the way!
https://links.sgx.com/1.0.0/corporate-announcements/ITQ21SXM56X361JZ/5ba831621c13327acd56a281fcb808b240230d0c8c497129c61b2f5dd7ef39c9
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Joelton
Supreme |
21-Jun-2022 09:32
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The Place Holdings appoints NTUC assistant director-general Yeo Guat Kwang as independent director
Yeo is also currently the chairman of the Migrant Workers&rsquo Centre and Centre for Domestic Employees.
The Place Holdings has appointed Dr Yeo Guat Kwang as an independent director of the company on June 20.
Yeo is currently the assistant director-general at the National Trades Union Congress (NTUC), an advisor to the U-SME initiative under NTUC and the chairman of the Migrant Workers&rsquo Centre and Centre for Domestic Employees.
He is also holding the position of non-executive director in companies such as SIIC Environment Holdings, GHY Culture & Media Holding Co, Koyo International and Motorway Automotive.
Yeo was previously a member of parliament (MP) for several GRCs including Ang Mo Kio GRC.
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