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A new phase of strategic expansion in Asia
VICENZA, Italy, May 30, 2025 /PRNewswire/ -- Progold S.p.A., an Italian company based in Trissino (Vicenza) and a global leader in the development and production of precious metal alloys and advanced additive technologies for the jewellery industry, announces the acquisition of 100% of the share capital of ABI Manufacturing International Ltd, a Bangkok-based company operating in the same sector.
This transaction marks a key strategic step for Progold, strengthening its presence in the high-potential region of Asia, with the goal of consolidating the Group's global leadership in the field of precious metal alloys and additive technologies for jewellery manufacturing.
The acquisition aims not only to reinforce Progold's commercial presence in the Asian market but also to enhance strategic relationships with leading Asian players in the industry, accelerating the implementation of the Group's industrial plans and opening up new growth opportunities.
ABI Manufacturing International Ltd, a historic U.S. brand founded by Gary Ford, will continue to operate under its own brand and organizational structure, benefiting from integration with Progold's technological expertise, financial resources, and innovative capabilities. Operational management will remain under the leadership of current CEO Nongluck Julsuwan and COO Noppadon Niwattannan, ensuring strategic continuity. The Board of Directors will be expanded to include Damiano Zito, President and CEO of Progold, Gemma Michelin, Deputy CEO of Progold, and Thomas Hammershøy Nyborg, Board Member of Progold.
The acquisition has been actively supported by LBO France, a pioneer in private equity in France and a multi-specialist, multi-country investment platform. Active in the sectors of Private Equity, Real Estate, Venture Capital, and listed markets, LBO France has in recent years expanded its activity across Europe—particularly in Italy through Polis SGR—and into Africa via its subsidiary CGF Bourse. LBO France is one of the founding member of the international climate initiative and one of the first signatories of the France Invest Gender Equality Charter. Since December 2021, Progold S.p.A. has been backed by LBO France through the Small Caps Opportunities fund.
With this transaction, Progold S.p.A. takes a decisive step in its international growth journey, combining strategic vision, industrial excellence, and technological innovation.
Advisors involved in the transaction:
Chandler Mori Hamada Limited
PWC
Tilleke & Gibbins
Greenberg Glusker LLP
Advant NCTM
Kroll Associates S.r.l.
Ramboll Italy S.r.l.
A new phase of strategic expansion in Asia
VICENZA, Italy, May 30, 2025 /PRNewswire/ -- Progold S.p.A., an Italian company based in Trissino (Vicenza) and a global leader in the development and production of precious metal alloys and advanced additive technologies for the jewellery industry, announces the acquisition of 100% of the share capital of ABI Manufacturing International Ltd, a Bangkok-based company operating in the same sector.
This transaction marks a key strategic step for Progold, strengthening its presence in the high-potential region of Asia, with the goal of consolidating the Group's global leadership in the field of precious metal alloys and additive technologies for jewellery manufacturing.
The acquisition aims not only to reinforce Progold's commercial presence in the Asian market but also to enhance strategic relationships with leading Asian players in the industry, accelerating the implementation of the Group's industrial plans and opening up new growth opportunities.
ABI Manufacturing International Ltd, a historic U.S. brand founded by Gary Ford, will continue to operate under its own brand and organizational structure, benefiting from integration with Progold's technological expertise, financial resources, and innovative capabilities. Operational management will remain under the leadership of current CEO Nongluck Julsuwan and COO Noppadon Niwattannan, ensuring strategic continuity. The Board of Directors will be expanded to include Damiano Zito, President and CEO of Progold, Gemma Michelin, Deputy CEO of Progold, and Thomas Hammershøy Nyborg, Board Member of Progold.
The acquisition has been actively supported by LBO France, a pioneer in private equity in France and a multi-specialist, multi-country investment platform. Active in the sectors of Private Equity, Real Estate, Venture Capital, and listed markets, LBO France has in recent years expanded its activity across Europe—particularly in Italy through Polis SGR—and into Africa via its subsidiary CGF Bourse. LBO France is one of the founding member of the international climate initiative and one of the first signatories of the France Invest Gender Equality Charter. Since December 2021, Progold S.p.A. has been backed by LBO France through the Small Caps Opportunities fund.
With this transaction, Progold S.p.A. takes a decisive step in its international growth journey, combining strategic vision, industrial excellence, and technological innovation.
Advisors involved in the transaction:
Chandler Mori Hamada Limited
PWC
Tilleke & Gibbins
Greenberg Glusker LLP
Advant NCTM
Kroll Associates S.r.l.
Ramboll Italy S.r.l.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
/C O R R E C T I O N -- Progold S.p.A./
PROGOLD ACQUIRES ABI MANUFACTURING INTERNATIONAL LTD
SHANGHAI, June 14, 2026 /PRNewswire/ -- The Gala Night of the 28th Shanghai International Film Festival (SIFF) was held in Shanghai today, bringing together filmmakers, industry professionals and audiences from around the world in celebration of cinema.
Running through June 20, this year's festival will present more than 420 films across over 1,600 screenings in Shanghai and cities throughout the Yangtze River Delta. As one of only 17 film festivals worldwide to hold official A-list classification from FIAPF, SIFF continues to serve as a major platform for international cinematic exchange.
The winners of the Golden Goblet Awards will be announced at the Golden Goblet Awards Ceremony of the 28th Shanghai International Film Festival on June 20.
A Night of Cinema Along the Huangpu River
The Gala Night transformed Shanghai into a vibrant stage for global cinema, welcoming filmmakers, actors and industry professionals from around the world. Golden Goblet Awards jurors, nominated filmmakers and representatives of major Chinese and international productions gathered on the red carpet, showcasing the festival's growing international profile and influence.
One of the evening's most significant moments was the presentation of the festival's honorary awards. Renowned actress and cultural ambassador Lisa Lu received the Lifetime Achievement Award, while acclaimed Chinese director Zhang Yimou was honored with the Outstanding Contribution to Chinese Cinema Award, recognizing their exceptional achievements and enduring contributions to the development of cinema.
The celebration once again highlighted Shanghai's unique role as a city where cinema, culture and international exchange converge.
Opening Film Afterpiece Makes World Premiere
This year's opening film, Afterpiece, made its world premiere as one of the festival's most anticipated events. Directed by Keane T.K. Wong and produced by Derek Yee, the film stars Stephen Fung, Chrissie Chau, Myolie Wu and Angela Yuen. The story follows a once-celebrated theatre director seeking creative redemption while navigating the increasingly blurred boundaries between performance and reality.
Developed under a Hong Kong film mentorship initiative pairing established filmmakers with emerging directors, Afterpiece reflects the continued transmission of creative talent across generations in Hong Kong cinema.
Members of the cast and creative team attended the Gala Night and participated in audience activities following the premiere screening.
International Jury Reflects Global Vision
Members of the Golden Goblet Awards jury met with the media in Shanghai ahead of this year's festival activities, representing filmmakers and industry professionals from around the world.
The seven-member Main Competition jury is chaired by acclaimed actor Tony Leung Chiu-wai and includes Chinese director Guan Hu, actress Xin Zhilei, Tunisian producer Dora Bouchoucha, Kyrgyz director Aktan Arym Kubat, Georgian filmmaker Déa Kulumbegashvili and Mexican director Fernanda Valadez.
"It is a great honor to serve as jury president of the 28th Shanghai International Film Festival. Cinema is the art of dreaming, and Shanghai is the very vessel on which the Chinese film dream set sail. I hold a few more tickets for this voyage—would you like to join me?" said Tony Leung Chiu-wai.
The jury's diverse composition reflects SIFF's longstanding commitment to fostering dialogue among filmmakers from different cultures and creative traditions.
A Truly Global Stage for Cinema
This year, SIFF received approximately 4,100 submissions from 125 countries and regions, setting a new record in the festival's history. Among nearly 3,000 eligible entries, 82 percent are world or international premieres, underscoring the festival's growing global influence and appeal.
Audience enthusiasm remained strong, with online ticket sales launching on June 5 and 250,000 tickets sold within the first 15 minutes.
Beyond screenings, SIFF continues to promote international collaboration through initiatives including SIFF PROJECT, the International Film & TV Market, industry forums and masterclasses. The Belt and Road Film Festival Alliance, initiated by SIFF, now includes 57 member institutions from 50 countries, further strengthening cooperation among film communities worldwide.
Chen Guo, Managing Director of Shanghai International Film & TV Events Center, said: "Our goal is to use the festival platform to help films transcend geographic, linguistic and cultural boundaries, encouraging deeper cultural dialogue and creative exchange among filmmakers and audiences from different parts of the world."
The International Film & TV Market will be held during the festival period, bringing together exhibitors, industry organizations and professionals from around the world to explore new opportunities in content creation, technological innovation and international cooperation.
For more information and the full festival schedule, please visit the official SIFF website at https://www.siff.com/english/
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Gala Night of the 28th Shanghai International Film Festival Held in Shanghai
