SINGAPORE - Media OutReach Newswire - 21 April 2026 - Esco Lifesciences Group ("Esco") today announced the acquisition of Allwin Medical Devices, Inc., a leading manufacturer of ART/IVF consumables. Allwin Medical will continue to operate under its established brand and will become a key pillar within Esco's Medical portfolio, alongside Esco Medical, further strengthening Esco's global position in reproductive medicine.
The acquisition reinforces Esco's strategy and commitment to deliver integrated ART/IVF workflow solutions—combining advanced equipment, time lapse imaging, high-quality consumables, digital traceability and witnessing, and AI-enabled embryo assessment and clinical support into a unified platform for fertility clinics worldwide.
"We are honored that Mr. Dhiren Mehta has chosen Esco as the long-term home for Allwin Medical," said XQ Lin, Chairman & CEO of Esco Lifesciences Group. "Allwin has built a strong foundation in quality, innovation, and customer trust. Together, we will accelerate its international growth while preserving the values and legacy that define the company. With Allwin, we all win."
Esco also extends its sincere appreciation to Mr. Dhiren Mehta, Founder of Allwin Medical, for his leadership and partnership.
"The integration of Allwin Medical with Esco Lifesciences Group represents a strategic milestone in Allwin Medical's evolution and long-term growth trajectory. This collaboration reflects a strong alignment in vision, capabilities, and commitment to the ART/IVF sector." said Mr. Dhiren Mehta. "This partnership enables Allwin Medical to leverage Esco's global infrastructure, technological expertise, and international reach, while continuing to build on its established market position and specialized capabilities. We believe that the combined strengths of both organizations will support accelerated growth, expanded global presence, and enhanced value delivery to clinicians and patients, while reinforcing Allwin Medical's commitment to quality, innovation, and customer relationships."
Allwin Medical's operations and team will continue to play a central role in driving growth within Esco's Medical business unit. Headquartered in Anaheim, California, USA,and with Indian operation in Mumbai and Surat, Allwin Medical will serve as a key operating node and the India headquarters for Esco's Medical business unit, supporting further expansion in one of the world's fastest-growing healthcare markets.
This acquisition marks another step in Esco's vision to build a comprehensive platform enabling ART/IVF clinics to operate more efficiently, safely, and intelligently, ultimately improving patient outcomes.
As part of its long-term vision, Esco has positioned itself as a trusted partner and permanent home for small and medium sized businesses in the life sciences and fertility tools sector—providing continuity, global commercial reach, and operational support while preserving the entrepreneurial spirit and legacy of each company.
Hashtag: #Esco
The issuer is solely responsible for the content of this announcement.
About Allwin Medical
Allwin Medical is a leading manufacturer of a wide range of medical devices including Women's Health (IVF) and Urology. Headquartered in Anaheim, California, USA, the company is committed to providing its customers with high quality devices. Its products are sold in 130+ countries globally through a network of distributors that cater to global markets. Within India, 100+ dealers support and promote sales for the Indian market. Founded in 1998 by Dhiren Mehta, who has more than 39 years of experience in the medical device industry, the company has exhibited consistent and strong growth.
About Esco Lifesciences Group
Esco Lifesciences Group is a world-leading manufacturer of laboratory, pharmaceutical equipment, bioprocess tools and IVF medical devices, delivering sustainable workflow solutions to advance global health. Since 1978, the Singapore-based company is committed to excellence, ensuring forward-thinking technology, responsive support, and reliability, making Esco a trusted partner for the life science and medical markets in more than 150 countries.
Esco, through its Medical business unit, leads in delivering comprehensive workflow solutions for assisted reproduction technologies (ART) to IVF clinics, laboratories, and research centers worldwide.
For more information about Esco Lifesciences Group: https://group.escolifesciences.com/
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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 September 2026 – Malaysia's leading digital asset exchange, Luno Malaysia Sdn. Bhd. ("Luno") today announced a strategic collaboration with Halogen Capital Sdn. Bhd. ("Halogen Capital") and Kenanga Investors Berhad ("Kenanga Investors") at LIDAC 2026 in Kuala Lumpur, to explore the use of a fully reserved, Ringgit-pegged stablecoin (UMYR) as an on-chain settlement instrument for tokenised money market funds.
From left: Datuk Wira Ismitz Matthew De Alwis, Chief Executive Officer and Executive Director, Kenanga Investors Berhad; Hann Liew, Founder and CEO, Halogen Capital; and Scarlett Chai, Counter Manager (Malaysia), Luno at the announcement of the collaboration at Luno Institutional Digital Asset Conference (LIDAC) 2026.
The collaboration brings together three entities licensed by the Securities Commission Malaysia (SC): Luno, a registered Recognised Market Operator (Digital Asset Exchange), as well as Halogen Capital and Kenanga Investors, both Capital Markets Services Licence (CMSL) holders operating tokenised funds and mandates.
The initiative aims to demonstrate real-time Delivery-versus-Payment (DvP) settlement for fund subscriptions and redemptions, reducing the settlement windows that currently apply on conventional rails.
About the Initiative
UMYR is proposed to be issued by a dedicated, ring-fenced issuance entity within the Luno group, and backed one-for-one by Ringgit held onshore in a segregated account with a regulated banking partner.
Under the proposed initiative:
- Luno (Issuer) will mint and burn UMYR on a strict 1:1 basis against Ringgit received or disbursed, manage institutional onboarding and wallet whitelisting, and provide daily reserve reconciliations supported by independent third-party reserve attestations.
- Halogen Capital and Kenanga Investors (Fund Partners) will participate as use-case fund managers, accepting UMYR for subscription and redemption settlements into their tokenised money market funds, while retaining sole responsibility for fund management, unit registry and investor obligations under their CMSL licences.
The initiative is designed as a closed-loop, business-to-business arrangement among whitelisted institutional participants. No retail clients will be onboarded, involved or served during the stablecoin initiative.
Scarlett Chai, Country Manager (Malaysia), Luno said, "With Malaysia's digital asset ecosystem moving from foundational setup to institutional capability, infrastructure like UMYR is essential. By providing a 1:1 Ringgit-backed, fully segregated settlement instrument, we are showing how on-chain liquidity and real-time DvP settlement can operate seamlessly and responsibly within Malaysia's existing regulatory framework alongside licensed industry leaders."
Hann Liew, Founder and CEO, Halogen Capital, said, "As an early adopter of tokenised funds in Malaysia, testing UMYR as a dedicated settlement instrument aligns perfectly with our vision for modern asset management. Working within a regulated framework alongside SC-licensed partners ensures we can deliver faster, safer fund operations for institutional participants."
Datuk Wira Ismitz Matthew De Alwis, Chief Executive Officer and Executive Director, Kenanga Investors, said, "This will further complement our asset tokenisation efforts. Paired with next-generation settlement infrastructure, we believe that the initiative will bring the industry much closer to unlocking the full benefits of tokenisation, building on the foundations we established with the launch of Myrra and Malaysia's first tokenised funds. As we explore this opportunity, our fiduciary obligations remain unchanged, and we will continue to engage closely with regulators."
What this means for Malaysia's Capital Markets
The collaboration marks a step towards testing regulated digital asset infrastructure alongside Malaysia's existing fund management ecosystem. Key features of the proposed initiative include:
- Faster settlement: Real-time DvP settlement for fund subscriptions and redemptions, compared with conventional settlement windows.
- Full reserve backing: UMYR is designed to be backed 1:1 by Ringgit held onshore in segregated accounts, with daily reconciliation and independent attestation.
- Responsible innovation: By testing UMYR with regulated Parties, it ensures future development of on-chain settlement in Malaysia rests on tested controls rather than untested assumptions.
Building Regulated Digital Asset Infrastructure for Malaysia
The initiative builds on Luno's track record as the first digital asset exchange regulated by the SC, trusted by over 1 million Malaysians and offering the country's largest SC-approved list of digital assets. By bringing a fully reserved, Ringgit-backed settlement instrument together with tokenised funds managed by licensed capital market institutions, the Parties aim to show how blockchain settlement can operate within, rather than around, Malaysia's regulatory framework.
It records the Parties' commercial intent to collaborate and does not itself constitute a commitment to launch UMYR or the initiative. Participation remains subject to regulatory engagement and the execution of definitive agreements.
The partnership was announced at the Luno Institutional Digital Asset Conference (LIDAC), Malaysia's flagship digital asset conference for institutions. Held at M Resort & Hotel, Kuala Lumpur, the conference examined the next phase of Malaysia's digital asset industry, spanning stablecoins, tokenisation, real-world assets, custody and compliance.
Over 500 institutional fund managers, financial advisors, regulators, compliance leaders and Web3 pioneers from across the region gathered to discuss best practices in custody, compliance and risk management. Building on the inaugural edition in 2025, this year's programme reflected a market moving from establishing foundations to building the infrastructure, governance and institutional capabilities needed for responsible adoption at scale.
For further information, visit Luno Malaysia's official Facebook and Instagram pages.
Hashtag: #Kenanga #Fintech #Luno #KenangaInvestmentBankBerhad
The issuer is solely responsible for the content of this announcement.
About Kenanga Investors Berhad 199501024358 (353563-P)
We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
The LSEG Lipper Fund Awards 2026 recognised four funds under the Malaysia Provident Funds category; Kenanga Growth Fund was named Equity Malaysia (5 Years), Kenanga Growth Fund Series 2 was awarded Equity Malaysia Diversified (3 Years), Kenanga Malaysian Inc Fund was awarded Equity Malaysia Diversified (10 Years) while Kenanga Managed Growth Fund was recognised with the title Mixed Asset MYR Balanced – Malaysia (10 Years).
The Hong Kong-based Asia Asset Management's ("AAM") 2026 Best of the Best Awards awarded Kenanga Investors under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year (Co-Winner), Malaysia CIO of the Year, Malaysia Best House for Alternatives and Malaysia Best ESG Engagement Initiative.
At the AAM ETF Awards 2026, Kenanga Investors received an accolade under the category Malaysia Leverage and Inverse ETF of the Year for the Kenanga KLCI Daily 1x Inverse ETF. The IFN Investor Awards 2025 awarded the Kenanga Islamic Balanced Fund under the categories of "IFN Investor Best Balanced Mixed Assets Fund in Malaysia — MYR 2025", "IFN Investor Best Balanced Mixed Assets Fund in Asia Pacific 2025", and "IFN Investor Best Global Balanced Mixed Assets Fund 2025".
At the inaugural Grow with PRS Awards 2026 by the Private Pension Administrator, KIB received the following:
- Most Consistent Fund (3Y) for Growth Strategy – Kenanga OnePRS Growth Fund (Bronze)
- Most Consistent Fund (3Y) for Moderate Strategy – Kenanga OnePRS Moderate Fund (Bronze)
The FPAM Financial Planning Leadership Award 2025 presented Kenanga Investors with the Platinum Award under the Charter Member Category, highlighting our dedication to shaping the future of financial planning. The FSMOne Recommended Unit Trusts Awards 2025/2026 has awarded the Kenanga Growth Fund Series 2 with the "Sector Equity — Malaysia Focused" award for the fourth consecutive year since 2022.
For the ninth consecutive year, we were affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on reflects the fund management company's well-established investment processes and sound risk management practices.
Disclaimer: This material is solely for general information purposes. It has not been reviewed by the Securities Commission Malaysia ("SCˮ). This information contained herein does not constitute any investment advice. Past performance is not indicative of future performance.
About Luno
Luno is a leading global cryptocurrency investment app on a mission to upgrade the world to a better financial system. Since its founding in 2013, Luno has become a leader in responsible crypto education and investment, introducing over 14 million people to crypto. Luno is available across Africa and Asia.
Luno offers products and services that make it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum. In Malaysia, Luno is a leading digital assets exchange and the first to be regulated by the Malaysian Securities Commission, offering customers a safe and secure platform to start investing in cryptocurrencies.
Read more on our Terms of Use here: www.luno.com
This information is not intended to be, nor does it constitute, financial, tax, legal, investment or other advice; nor is it a call to trade. The information is intended as general market commentary for information purposes only. Before making any decision or taking any action regarding your finances, you should consult a qualified Financial Advisor.
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