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Domestic News: 1. my countrys annual electricity consumption exceeded 10 trillion kilowatt-hours for the first time, a figure unprecedented among any single country globally. 2. Two departments announced that the minimum down payment ratio for commercial property purchase loans will be adjusted to no less than 30%. 3. The "Draft Law of the Peoples Republic of China on National Reserve Security" is open for public comment. 4. The Ministry of Industry and Information Technology released management measures, including technology-based SMEs in the tiered cultivation program for the first time. 5. Galactic Energy responded to the failure of Ceres-2s maiden flight: a full investigation is underway to determine the cause of the malfunction. 6. The General Administration of Customs stated that during the 15th Five-Year Plan period, both exports and imports should be expanded appropriately. 7. Eastern Theater Command: The PLA organized naval and air forces to monitor and alert US warships transiting the Taiwan Strait, effectively responding to and handling the situation. 8. Southern Theater Command: The Southern Theater Command recently organized drones to conduct normal flight training in the airspace near Dongsha Island, which is entirely legitimate and legal. International News: 1. British media: Nvidia suppliers suspend production of key components for the H200 chip. 2. Musk: AI5 chip design is nearing completion, AI6 is still in its early stages. 3. US-led coalition warplanes flew over the conflict zone in northern Syria, dropping warning flares. 4. Syrian government forces: have captured the Sufyan and Thawrah oil fields in the north. 5. US Commerce Secretary threatened South Korean and other memory chip manufacturers: either build in the US or pay 100% tariffs. 6. Iranian Supreme Leader Khamenei: Trump has caused casualties and losses in Iran and slandered Iran; he is a criminal. On January 17, Russian Human Rights Commissioner Moskalikova told reporters in Geneva after meeting with ICRC President Sporalitz that restarting the prisoner-of-war exchange process between Russia and Ukraine is the top priority. She stated that Russia has submitted a list of Ukrainian military personnel in Russia who are ready for repatriation. Previously, Ukraine typically submitted the list, and Russia agreed to repatriation, but the current dialogue with Ukraine is "puzzling." It is difficult to discuss the possible exchange deadline and the number of prisoners at this time, as "various details could emerge until the last minute, potentially disrupting the process or changing its direction."On January 17, Ukrainian President Volodymyr Zelenskyy stated that the Ukrainian delegation had arrived in the United States that day and was expected to receive its first briefing on the talks that evening Kyiv time. Zelenskyy said the main task of the Ukrainian delegations trip was to provide the US with comprehensive and accurate information about the current situation. Zelenskyy reiterated that Ukraine has never been, and will never be, an obstacle to peace, and that progress in the current diplomatic process depends on the positions of the partners.On January 17th, it was reported that on January 13th, according to Xian University of Electronic Science and Technology, Academician Hao Yues team at the university broke through a 20-year bottleneck in semiconductor materials technology, achieving a leap forward in chip heat dissipation efficiency and overall performance, providing a replicable Chinese paradigm for solving various high-quality integration problems of semiconductor materials. The relevant findings were recently published in the top international journals *Nature Communications* and *Science Advances*. Zhang Jincheng, Vice President and Professor of Xian University of Electronic Science and Technology, stated, "Inability to dissipate heat can lead to decreased chip performance or even device burnout." The team innovatively injected high-energy ions into the crystal of third-generation semiconductor chips, making the surface of the crystal nucleation layer smooth. This breakthrough reduced the semiconductor thermal resistance to one-third of its original value, solving the heat dissipation problem faced by third-generation and future semiconductor chips. Simultaneously, this breakthrough significantly improved the performance of semiconductor devices.According to Syrian security sources and Turkish defense sources, US-led coalition warplanes flew over northern Syria, where clashes were taking place between Syrian government forces and Kurdish militants.

Nasdaq-listed 26 Capital Will Seek A $2.5 Billion SPAC Transaction With A Casino in Manila

Haiden Holmes

Jun 16, 2022 10:50

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Wednesday, the CEO of 26 Capital Acquisition Corp said that the company remained dedicated to its $2.5 billion acquisition of the Philippines' largest integrated casino-resort, despite a control dispute involving the present owners.


Okada Manila, a 44-hectare (108-acre) property owned by companies of Japan's Universal Entertainment Corp, decided in October to combine with 26 Capital and go public in the United States.


However, the transaction has been involved in a protracted battle between Universal and its former chairman and founder, Kazuo Okada.


This conflict took a dramatic turn on May 31, when Okada's Filipino partners, aided by private security guards and local police, gained physical possession of the $3.3 billion casino in the Philippine capital.


"I anticipate Universal will regain control of Okada Manila in the near future," Jason Ader, chairman and chief executive officer of Nasdaq-listed 26 Capital, told Reuters. Both sides want to finalize the deal.


After the Philippine Supreme Court declared in April that Okada should be reinstalled as chairman of the casino's owner and operator, the casino was seized.


Tiger Resorts, the domestic subsidiary of Universal, has challenged the verdict and what it called a "illegal and brutal" acquisition.


A U.S. listing would provide Okada Manila with access to a variety of finances, clients, and lenders, according to Ader, who added that investors believe the Philippines has the potential to become one of the world's top gaming markets.


In a statement, Vincent Lim, a spokesman for Okada Manila's current administration, denied any violent takeover and said that since Okada's return, hotel occupancy rates and casino gaming activity had increased. "His reappearance has restored and revitalized consumer and shareholder trust."


The Philippines' casino industry has begun to recover from the epidemic, with total gaming revenues increasing 14 percent to 113 billion pesos ($2.12 billion) in 2021, albeit still below the record-breaking 256 billion pesos in 2019.


In contrast, Macau, the largest gambling hotspot in the world, continues to suffer under Beijing's "zero-COVID" policy.


Okada was removed from the boards of Universal and its Philippine subsidiary in 2017 on suspicion of misappropriating corporate cash, which he denies.