Triller Inc. Secures $310 Million Equity Funding from Global Emerging Markets (GEM) in connection with Upcoming Public Listing

Company Expects to be Publicly Trading in Early Q4 Under Symbol “ILLR”

LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36-month term following a public listing of Triller’s common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S-1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S-1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

“Triller has been growing tremendously,” said Mahi de Silva, CEO and Chairman of Triller. “At our inception in 2019, we were a zero-revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world’s largest brands and thousands of top artists, disrupting the entire creator community.”

Triller has 10 business lines, eight of which are at break-even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short-term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

“Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself,” said De Silva. “The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company’s particular closed garden and means that the social networks ‘own’ the user, revenue, brand and information.

“Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us.”

About Triller Inc.

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com

Tony Freinberg
President, Edendale Strategies
[email protected]
(310) 614-1435

Vinamilk recognized as “The 6th Most Valuable Dairy Brand” globally in 2022 by Brand Finance

HO CHI MINH CITY, Vietnam, Sept. 29, 2022 /PRNewswire/ — Vinamilk, Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance.

Brand Finance offered Vinamilk’s brand value certificate to the company’s representative

The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked the Most Potential Dairy Brand and continues to appear in the Top 5 Strongest Dairy Brands, coming in 2nd place – a remarkable result for Vinamilk as the only Southeast Asia representative in the Top 10 ranking for both brand value and strength. Vinamilk also leaves its footprint in major Food rankings such as Top 30 Most Valuable Food Brands and Top 10 Strongest Food Brands.

Vinamilk’s brand value growth (2019 – 2022)

Furthermore, according to the nationwide report, Brand Finance also recognized Vinamilk as the Most Valuable Food Brand in Vietnam.

“The significant role of the brand is well aware by Vinamilk throughout the development of the company, especially in F&B and the dairy industry in particular. Throughout our 46-year journey, Vinamilk has continuously built the company’s brand value in accordance to our core pillars – product quality, service and our reputation amongst consumers”, said Mrs. Bui Thi Huong, Vinamilk Chief Director of Admin, HR & PR.

Vinamilk’s recent activities in Australia Fine Food trade fair

She also believes Vietnamese businesses will focus and put all their effort in achieving higher rankings on global rankings, affirming the position and value of Vietnamese national brands.

Every year, Brand Finance puts 5,000 of the world’s biggest brands in 29 industries throughout 39 countries under its test. With an integrated measurement method, considering various brand factors such as impact, health and reputation, investment and others combined with financial and survey data, the annual Food and Drink report published by Brand Finance provides brand health assessments in a transparent, fair and objective manner.

The changes when compared to Brand Finance’s 2021 report suggest that brands that invest in intrinsic strength, as well as focus on core values and long-term vision, are more likely to overcome uncertainty in turbulent times, and are developing further through innovation and continuity to meet growing consumer needs.

Vinamilk’s investments have also been positively recognized by other local and international organizations. The Brand Footprint 2022 report published by Worldpanel, Kantar signified Vinamilk’s decade-long achievements in maintaining leading positions in the Top 10 Most Chosen Dairy Brands in Vietnam.

In addition, Vinamilk was also honored for the 10th consecutive time in Forbes Vietnam’s 50 Best Listed Companies and has been recognized as one of “Vietnam Value” brands by VIETRADE since 2010.

Present in 57 countries and territories with a total accumulated export turnover of US$2.75 billion, Vinamilk continues to research and develop new products to increase its penetration to key export markets.

Since the beginning of 2022, the company has actively participated in a number of international trade activities and food fairs in China, Dubai, Japan, South Korea, and Australia to introduce Vinamilk’s range of products, as well as seeking opportunities for its international expansion.

About Vinamilk

Founded in 1976, Vinamilk is the leading dairy company in Vietnam which is listed among the Top 40 largest nutrition companies in the world by revenue and Top 10 of the world’s most valuable dairy brands. Vinamilk currently manages 17 factories, 15 dairy farms in Vietnam and overseas.

Photo – https://mma.prnewswire.com/media/1910811/1.jpg
Photo – https://mma.prnewswire.com/media/1910812/Vinamilk_Brand_Value_Graph__1.jpg
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Drug dealers nabbed in Port Shepstone

DURBAN – Yesterday, police officers from the Provincial Drug and Firearm Unit conducted an operation in the Murchison, Port Shepstone. A sting operation was executed on an identified target suspected of dealing in drugs. The 29-year-old woman was found in possession of 18 packets of crystal meth and 80 mandrax tablets. The recovered drugs are valued at R8400-00.

Further investigation led the team to the Nkanyezini where a 35-year-old man was found in possession of 591 mandrax tablets. The drugs are valued at R35 460-00. Both suspects are expected to appear before the Port Shepstone Magistrate’s Court today for possession and dealing in drugs.

Source: South African Police Service

South Africa: Local economic development key to empowering municipalities, says Pres Ramaphosa

BOKSBURG (Gauteng, South Africa), Sept 29 (NNN-SANEWS) — President Cyril Ramaphosa says local economic development is one of the key drivers to lowering the rate of poverty, unemployment and inequality in South Africa.

“When there is more investment and business expansion, jobs are created, livelihoods are supported, and the benefits circulate in local areas.

“That is why accelerating economic growth, attracting investment and creating jobs must be at the centre of the efforts of all spheres of government,” the President said on the second and final day of the National Local Government Summit.

Hosted by the Department of Cooperative Governance and Traditional Affairs, the two-day summit held in Boksburg, Gauteng, brought together close to 2,000 senior officials and leaders across all spheres of government, legislature, business, academia, traditional leaders, civil society, women, youth and people with disabilities to deliberate on a collective programme of action for an ideal municipality.

The President told delegates that as the country works to recover economically after the pandemic, there is fiscal room to “expand the provision of services that improve people’s lives”.

The President has over the past two months attended a number of launches of  business expansion projects, which are being built in towns and metros, where people live and where they are needed most.

The President said investors look at the quality of the provision of water, electricity, sewage and refuse removal – all aspects that are in line with the theme of the summit, ‘DDM in Action – Towards an Ideal Municipality’.

The District Development Model (DDM) calls for an ‘all of government and all of society approach’, which advocates for integrated and responsive planning to fast-track development.

The President stressed that municipalities must focus on revenue collection to ensure that there are sufficient funds available to fulfil their functions.

“In addition to the jobs it creates and the community development it enables, vibrant local economic activity strengthens the financial position of municipalities.

“It makes these municipalities less dependent on grants from the national fiscus and empowers them to pursue the interests of residents with greater focus.”

In order for the country to build ideal municipalities, the President emphasised the need to address the instability within governance structures and processes.

Source: NAM NEWS NETWORK

Western Cape Education recruits Education Assistants and General School assistants

The Western Cape Education Department is currently recruiting 20 500 Education Assistants and General School assistants for public and special schools in the province through the Presidential Youth Employment Initiative (PYEI).

This is the fourth phase of the Presidential Youth Employment Initiative in the Basic Education sector. In this phase, only new applicants who have not participated in previous phases will be considered.

Schools have responded very positively to the previous phases of the programme. The Education Assistants support teachers with administrative tasks, classroom management, sport coaching and cultural activities, while the General Assistants help with maintenance, cleaning, vegetable gardens, and general administration.

The assistants have also expressed their appreciation for the opportunity, with some now interested or pursuing in a career in education as a result.

The applications are open from 26 September – 16 October 2022. Unemployed youth between the ages of 18 – 34 (turning 35 before or on 31 March 2024) are encouraged to apply for Education and General Assistants posts at a public school within a 5km radius of their place of residence.

Candidates who wish to apply for Assistant positions at special schools need to be between the ages of 18 – 39 turning 40 before or on 31 March 2024.

Requirements include:

Education Assistants between the ages of 18 – of 35 with a minimum of NQF 4 (Matric) qualification.

School Assistants up to the age of 35 years with or without an NQF 4 qualification (matric) qualification.

The contracts for this phase are from 1 February – 30 September 2023. The stipend is R4 081.44 per month less 1% UIF contribution.

Potential candidates can apply online on https://sayouth.datafree.co/p/dbe(link is external). This is a zero-rated mobisite that can be accessed through a mobile phone. No applications will be accepted at school nor through the WCED. 

Should there be any issues or queries regarding the application process, potential candidates may contact SA Youth on 0800 727272 or TeacherConnect on 060 060 33 33 (09h00 – 16h30 Monday – Friday).

Source: Government of South Africa

Minister Senzo Mchunu on water security in South Africa

Minister Mchunu allays fears of water outage in the country and calls for prudent water use

Minister of Water and Sanitation, Mr Senzo Mchunu has allayed fears of water outages in the country and reiterated that his department is working towards ensuring water security in the country. He was speaking during the Water Institute of Southern Africa (WISA) Biennial Conference & Exhibition on Wednesday, 28 September 2022 at the Sandton Convention Centre.

Minister Mchunu reiterated his call for prudent water use by all water users, saying South Africa remains a water scarce country.

Highlighting some of the inventions being carried undertaken in water strained communities such as the Nelson Mandela Bay Metro, Minister Mchunu said private partnerships were needed to strengthen efforts of a water secured country.

“There is a need to increase participation of private sector partnerships through finance and skills enrichment in the water sector. Besides this, we are strengthening our role in regulating, supporting, and intervening in municipalities where municipal water and sanitation services are deteriorating, linked to the reinstatement of blue, green and no drop regulatory monitoring tools,” he said.

He also spoke sternly on the status of water in the country, while allaying fears of the country facing a possible severe water outage. Minister Mchunu said that there was no need for citizens to be alarmed, saying the country would not run of water.

He admitted that there are water scarcity concerns in different parts of the country but maintained that total water outage would not happen in the near future.

“I can state, categorically, that we do not have an immediate threat of water outage. However, this does not mean we are not a water scarce country, and that people should not use water sparingly. We do not have an immediate water crisis so to say, but we should not lower our guard,” Minister Mchunu sternly said.

Addressing matters related to maladministration in the Department, Minister Mchunu said the ministry is prioritising hands-on monitoring of progress with all major projects which have been historically delayed, including the Giyani water project, the Vaal River intervention project, Hammanskraal water quality concerns as well as the Umzimvubu and uMkhomazi water projects, amongst others.

“The Department is ensuring planning of projects in financial years before they are to be implemented, so that they are ready for implementation when the financial year starts. We have also developed an Infrastructure Procurement Strategy in line with the National Treasury Framework for Infrastructure Delivery and Procurement Management. This is done to enable smarter, quicker and more effective infrastructure procurement and will be implementing the strategy over the coming months,” he said.

Minister Mchunu joined WISA CEO, Dr Lester Goldman along with a number of water experts from across the country and overseas to discuss ways to improve and enhance efforts to ensure water security on the globe.

The WISA Biennial Conference and Exhibition is a flagship event of the Southern African water sector, bringing together regional and international water professionals, companies, regulators and stakeholders under one roof annually.

Source: Government of South Africa