ACN Newswire
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SCIB Proposes Private Placement to Raise Up to RM10.98 Million

indie
2 minutes

KUCHING, MALAYSIA, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is proposing a private placement to raise gross proceeds of up to approximately RM10.98 million for working capital, repayment of bank borrowings and estimated expenses for the proposed private placement.Group MD and CEO of SCIB, Encik Rosland bin OthmanWhile the issue price and the actual number of shares to be issued will be determined later, under the maximum scenario in which all the Company's 245.18 million outstanding warrants are exercised, the proposed private placement will entail the issuance of up to 82.72 million placement shares at an indicative price of RM0.1327 per placement share to raise gross proceeds of up to approximately RM10.98 million. Under the minimum scenario, should none of the outstanding warrants be exercised, then gross proceeds raised will be RM7.72 million.The proposed issuance represents not more than 10% of the issued shares as at the latest practicable date (LPD) of 30 December 2022 while the indicative price per share represents a discount of approximately 9.97% to the five-day volume weighted average mar...

SeaPRwire
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ALTAVA Group Announces Complete Sell-out of BAGC Collection at Their Private and Whitelist Rounds

pandora
4 minutes

What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). In the first 10 minutes of the private sale, 80,000 server requests along with 40,000 concurrent users. This surpasses the CCU that DappRadar previously rep...

ACN Newswire
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TR Capital Positions Firm to Capture Tremendous Growth Opportunity in Southeast Asia with New Singapore Office

indie
3 minutes

SINGAPORE, Sep 16, 2022 - (ACN Newswire via SEAPRWire.com) - TR Capital, the leading Asian secondary private equity firm, today announced the opening of its fifth office in the APAC region, and the firm's Southeast Asia Headquarters, in Singapore. Paul Robine, Founder and CEO of TR Capital, said, "We see huge potential in the secondary private equity market in Singapore, as well as the wider Southeast Asia ("SEA") region, making Singapore a strong new location for TR Capital, in addition to our offices in Greater China and India. This combined with favourable policies designed to cement Singapore's position as a financial hub, make it an obvious choice from which to create value for our investors."The Southeast Asia region presents significant opportunities for investors, with its fast-growing consumer trends, sought-after technology companies and lively start-up culture. The private equity market in Southeast Asia reached an all-time high of US$25 billion in deal value in 2021, more than double the 2020 figure(1) . Singapore led this growth in both the number of deals and their value, recording 104 deals worth a total of US$12.1 billion. In the coming years, SEA-focused private eq...

ACN Newswire
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TheCapitalNet awarded Best Private Market FinTech Solutions Provider 2022 by Wealth & Finance International

indie
3 minutes

MENLO PARK, CA & HYDERBAD, IN, Sep 8, 2022 - (ACN Newswire via SEAPRWire.com) - TheCapitalNet, Inc., a leading enterprise SaaS and financial technologies company, has been awarded Best Private Markets FinTech Solutions Provider 2022 by Wealth & Finance International. TheCapitalNet was recognized for transforming the private markets and private investments eco-system through technology, while focusing on PE, VC, CVCs, Angel Networks, Family Offices and M&As.Link: www.wealthandfinance-news.com/winners/thecapitalnet-inc/Wealth & Finance International provides fund managers and institutional and private investors around the world with the latest industry news across both traditional and alternative investment sectors. This recognition reinforces the belief that TheCapitalNet products are putting the best technologies to work while collaborating with stakeholders to enable what they do best: value nurturing and wealth creation."We are thrilled to be recognized by Wealth & Finance International," said Dr. Rakesh Bhatia, Founder and CEO of TheCapitalNet. "Every accolade brings its own set of responsibilities to our business, and we are committed to making TheCapitalNet...

SeaPRwire

XQUI Pioneering the Real Web3 Vision with XQUI DAO Fund Release

pandora
3 minutes

The NFT connects investors to a private club, well-researched analytics, and investment products under one DAO. New York, NY, August 15, 2022 – (SEAPRWire) – Being an early investor in Web3 does not negate the fact that data matters. XQUI (Exquisite) gives access to deep market analytics, private investment rounds and investment products to generate passive income. The decentralized autonomous organization (DAO) is developing a new financial ecosystem based on community. The conglomerate of fund managers and investors led by industry veteran (Linkedin) serves as a market guide for the Web3 platform and products. The XQUI community will only be accessible as an XQUI Genesis NFT collection holder. XQUI Genesis release date is set for October 5th, 2022. XQUI (Exquisite) is a community of crypto investors, fund managers, project founders, researchers, DeFi, NFT, alpha analysts, and more. XQUI is based on three pillars: XQUI Genesis, XQUI DAO, and XQUI Finance. Genesis is a collection of 3,000 utility-enabled PFPs giving investors access to The XQUI Club. The XQUI Club has specific benefits that include private club access, a professional team of experts, XQUI accelerator, exclusive con...

SeaPRwire

Dizraptor App Offers Pre-IPO Investments from $10,000

pandora
3 minutes

New York, NY, May 19, 2022 – (NovationWire) – This spring Dizraptor app has provided access to private equity investments for retail investors. The app lets you invest in disruptive technology companies at the mid- to late growth stages. Investments are available from $10,000 and up. Dizraptor can be downloaded from the App Store and Google Play. Rare pre-IPO shares The new app allows users to invest in private companies just as easily as users would be trading on a stock market. The difference is that instead of quoted stocks, users can invest in private space, foodtech, biotech, AI, and other tech giants that haven’t yet become public. With Dizraptor, users can build a portfolio of stocks that were previously affordable largely to major venture funds. Most often, they are pre-IPO investments – in private companies which are close to the moment of going public. Higher return Dizraptor’s team has been doing private equity for more than three years. Their deals include pre-IPO investments in many successful companies. According to Dizraptor’s analysts, the high return on investment in private companies is largely due to the fact that these are innovative companies. They create new m...

ACN Newswire
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Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO

indie
3 minutes

KUALA LUMPUR, May 17, 2022 - (ACN Newswire via SEAPRWire.com) - Yew Lee Pacific Group Berhad (YLPG), an established manufacturer principally involved in the manufacturing of industrial brushes as well as the trading of machinery parts and industrial hardware, launched the Company's prospectus today for an initial public offering (IPO) leading to a listing on the ACE Market of Bursa Malaysia Securities Berhad.MR. LEE YOKE WAH, Associate Director of Corporate Finance, M&A Securities; MR. GARY TING, Head of Corporate Finance; MS. ANG POH YEE, Chief Operating Officer & Executive Director, YLPG; DATUK BILL TAN, Managing Director of Corporate Finance, M&A Securities; EN. MAHDZIR BIN OTHMAN, Independent Non-Executive Chairman, YLPG; MR. ANG LEE LEONG, Managing Director; MR. DANNY WONG, Deputy Head of Corporate Finance, M&A Securities; MR. KELVIN KHOO, Managing Director, Eco Asia Capital Advisory [L-R]The Company's IPO involves the issue of 133.10 million new shares to be issued at RM0.28 sen per share and an offer for sale of 26.62 million existing shares by way of private placement to selected investors. The public issue shares will be made available for application in th...

ACN Newswire
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CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times

indie
3 minutes

KUALA LUMPUR, May 13, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad (CNERGENZ) is pleased to announce that the share allocation to the Malaysian public from its IPO has been oversubscribed by 40.32 times.Chief Executive Officer & Executive Director of CNERGENZ Berhad, Mr. Lye Yhin ChoyCNERGENZ's IPO comprises a public issue of 100,000,000 new ordinary Shares which were made available for application in the following manner:- 25,000,000 Issue Shares available for application by the Malaysian Public;- 10,000,000 Issue Shares reserved for application by the eligible directors and employees as well as persons who have contributed to the success of the CNERGENZ group (Eligible Persons);- 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors; and- 12,250,000 Issue Shares by way of private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI);and an offer for sale of 50,000,000 Offer Shares by way of private placement to identified Bumiputera investors approved by the MITI.A total of 16,186 applications for 1,033,093,200 Issue Shares were received from t...

SeaPRwire
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The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum joins World AI Show & Awards — Dubai

pandora
6 minutes

To be held under the patronage of the Private Office of HH Sheikh Saeed Bin Ahmed Al Maktoum, a member of the royal family of Dubai, the 35th global edition of World AI Show & Awards will bring together the most powerful voices in the global AI and RPA space. Taking place at Jumeirah Emirates Tower, in Dubai, the show will be one of the biggest gatherings of elite global AI, RPA leaders and enthusiasts. DUBAI, May 12, 2022 – (ACN Newswire) – The World AI Show & Awards – Dubai, which is held under the patronage of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, a member of the royal family of Dubai, is taking place on 25-26 May 2022 at Jumeirah Emirates Tower, Dubai. The Private Office was established by His Highness Sheikh Saeed bin Ahmed Al Maktoum with the aim to directly invest in potential business opportunities which meet the investment criteria. The partnership strategy will create rare investment opportunities through collaboration with certain companies and AI innovators. Also, the event will be attended by Hisham Al Gurg, CEO of The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and Seed Group, along with members of the management and senior executive...

JCN Newswire
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Avaloq Goes Live with First Client in Taiwan

ruth
3 minutes

ZURICH, SWITZERLAND, Apr 21, 2022 - (JCN Newswire via SEAPRWire.com) - Avaloq, a subsidiary of NEC Corporation, has successfully implemented its core banking system at Cathay United Bank to support the bank's continued growth. The Avaloq Core Platform will cater to the increasing demand for private banking services by onshore Taiwanese high-net-worth individuals (HNWIs).This go-live marks a key milestone for Avaloq and the bank following a relaxation of Taiwan's wealth management regulations in 2020, which has permitted select financial institutions to offer a broader range of financial products and services to domestic clients. The new rules aim to increase the competitiveness and scale of Taiwan's private banking industry.Avaloq's modern and flexible core banking system covers a comprehensive set of financial products, from securities and ETFs to forex and lending, while ensuring regulatory compliance across multiple jurisdictions through a single application. The Avaloq Core Platform enables banks and wealth managers to streamline their back and middle office by efficiently managing key business processes, including trades, corporate actions and reporting.Pascal Wengi, Managing ...

ACN Newswire
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TheCapitalNet TV intros Into The Private Markets With Cyril Demaria

indie
2 minutes

Menlo Park, CA / Hyderabad, IN, Apr 9, 2022 - (ACN Newswire via SEAPRWire.com) - TheCapitalNet TV launches Into The Private Markets with renowned industry expert Cyril Demaria, focusing on understanding the nuances of the private markets ecosystem.Episode 1 | Into the Private Markets with Cyril Demaria : Asset Classes Link : http://tcn.one/pvtmarketsep1With over 20 years of work experience in the private markets, having authored multiple books and research papers, along with being part of multiple funds, consultant to pension funds, family offices, and a PhD from University St. Gallen in addition to being an Affiliate Professor at EDHEC Business School, Cyril Demaria, with his bounty of knowledge about the private market value chain, sits down with TheCapitalNet Team to break down basics of the private markets, starting with the asset classes prevalent in the same.Cyril Demaria : Author, Academician and Investor Apoorva : Editor, TheCapitalNet TVWatch : https://www.thecapitalnet.tvStay tuned for Episode 2 focused on key industry players prevalent within these assets classes - exclusively on TheCapitalNet TV. TheCapitalNet TV (www.thecapitalnet.tv) is a pioneer in producing and publ...

ACN Newswire
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Skychain’s Proposed Private Placement

indie
2 minutes

Vancouver, BC, Nov 17, 2021 - (ACN Newswire via SEAPRWire.com) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") announces that the Company proposes to sell a non-brokered private placement (the "Private Placement") of common shares (the "Shares") at a price of $0.60 per Share for gross proceeds of $2 million dollars. The proceeds from the Private Placement will be used for general working capital, the new business and for the development of the Company's projects.The Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.In addition, the Company is pleased to announce the appointment of Mr. John Yang to the position of Chief Strategy Officer. Mr. Yang brings over 15 years of interdisciplinary expertise in managing international companies in the tech and marketing fields. He has been involved with blockchain development and crypto mining since early 2016. As a successful entrepreneur in the tech sector Mr. Yang will bring his vast innovative experience to assist with the growth of the Company.About Skychain Techno...

SeaPRwire

Traditional financial institutions have role to play in shaping crypto ecosystem

elean
1 minute

SINGAPORE - Digital payments and settlements have been around for a long time; even private digital currencies are now more than a decade old. Energised by rapid advances in connectivity, mobility and data storage, the world of digital payment and currencies has made major strides in recent years. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire

Two security agencies charged for making officers work more than 12 hours daily

aseanpr
2 minutes

SINGAPORE - In a move to guard against unacceptable work practices, two private security agencies have been hauled up over staff working between 17 and 20 hours a day. Erawan Security Services and Volantra Security were each charged on Thursday (Oct 14) under the Employment Act with making their officers work more than 12 hours a day on multiple days between February and March. Erawan faces two charges and Volantra faces three. The Ministry of Manpower (MOM) inspected about 200 private security agencies from April to August, checking for compliance with working hours and overtime limits. It found that about a third of the agencies had breaches. While most of these were minor, the ministry said it would be taking action against 15 of them for exceeding the working hour limits. In a release on Thursday, MOM said its investigations found that the security officers from Erawan and Volantra were made to work back-to-back shifts. It added that stakeholders have been working to improve the wages and well-being of some 50,000 security officers since the formation of the Security Tripartite Cluster in 2013. The cluster consists of representatives from the unions, employers, services buyers ...

SeaPRwire

ByteDance lays off hundreds after China’s tutoring crackdown

elean
4 minutes

HONG KONG (BLOOMBERG) - TikTok-owner ByteDance has laid off hundreds of employees as the social giant shuts down a significant part of its online education businesses to comply with Beijing's new regulatory regime for the after-school tutoring industry. The Beijing-based company told employees working on edtech products including Guagua Long, Qingbei and GoGoKid that they will be laid off with compensation, said a source familiar with the matter. At least hundreds of employees were affected, while others will switch to different products under the ByteDance umbrella, the source said. GoGoKid, a one-on-one English tutoring app similar to Tencent Holdings-backed VIPKid will shut down completely, while the other two apps shift focus to quality education such as coding and art, the source added. It is unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services. A company representative did not immediately respond to requests for comment. China's government last month enacted its harshest ever curbs on the US$100 billion (S$135 billion) after-school tutoring industry, banning private firms teaching school subjects to kids from earning ...

SeaPRwire

China convenes banks in bid to restore calm after stock rout

elean
3 minutes

BEIJING (BLOOMBERG) - China's securities regulator convened a virtual meeting with executives of major investment banks on Wednesday night (July 28), attempting to ease market fears about Beijing's crackdown on the private education industry. The hastily arranged call, which included attendees from several major international banks, was led by China Securities Regulatory Commission (CSRC) vice-chairman Fang Xinghai, sources said, asking not to be named discussing private information. Some bankers left with the message that the education policies were targeted and not intended to hurt companies in other industries, the sources said. It is the latest sign that the Chinese authorities have become uncomfortable with a sell-off that sent the nation's key stock indexes to the brink of a bear market on Wednesday morning. State-run media have published a series of articles suggesting the rout is overdone, while some analysts have speculated government-linked funds have begun intervening to prop up the market. London-based Aberdeen Standard Investments emerging-market fund manager Adam Montanaro said: "What this shows is that there isn't an intention to unilaterally destroy business models ...

SeaPRwire

Credit Suisse settles spying case with former wealth chief Khan

elean
2 minutes

(BLOOMBERG) - Credit Suisse Group said it reached a settlement with its former wealth-management executive Iqbal Khan and a private detective firm, calling to a close a spying scandal that rocked one of Europe's biggest lenders and ultimately led to the ouster of its chief executive officer Tidjane Thiam last year. "All involved parties have agreed to settle, and this matter is now closed," a spokesperson for the bank said on Sunday, confirming that it had reached a settlement with Khan, his wife and the private detective firm Investigo. No further details were disclosed. A probe by Swiss financial regulator, Finma, over the company's surveillance activities is ongoing. In 2019, Credit Suisse hired a private investigator to spy on Khan, once seen as a potential successor to the CEO before defecting to rival UBS Group. The incident culminated in a physical confrontation in downtown Zurich between Khan and the men who followed him, shaking Switzerland's financial world and setting off investigations by Zurich's prosecutor and the company's board of directors. The settlement would close a chapter for Credit Suisse as it seeks to move past a string of recent scandals. It faces an exodu...

SeaPRwire
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Morning Briefing: Top stories from The Straits Times on July 3

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Saturday, July 3. Moving from Covid-19 pandemic to endemic: Singapore's strategy and how it can unfold Most restrictions in Singapore are expected to be lifted before the year ends. Is the timing right? READ MORE HERE MOM will investigate employers who fire staff who decline to be vaccinated, or threaten to do so The SNEF said that implementing a Covid-19 vaccination requirement as a company policy "carries with it additional obligations". READ MORE HERE Man arrested over racist remarks, attack on undergraduate at East Coast Park The incident left the victim, a Singaporean, with bruises on his face and abdomen. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Singapore start-ups making inroads into South Korea, Japan South Korea and Japan are markets that are notoriously tough to crack. READ MORE HERE Half of S'pore worry over job prospects; 7 in 10 identify as working or lower-middle class The unemployed and those who were studying were the most concerned, a study found. READ MORE HERE NEA asks for tray return ambassador job listings to be taken down This comes after cleaning and...