fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Mergers & Acquisitions

Singapore: Raffles Financial Group to acquire Alto Vencap Private Limited

The expansion of the Southeast Asian economy facilitates higher demands for business consulting firms

Sakshi K S by Sakshi K S
September 21, 2021
in Mergers & Acquisitions, Private, The Global Economics, Top Stories
Reading Time: 2 mins read
0
Singapore: Raffles Financial Group has arrived at an absolute share purchase deal on September 15th, 2021 to acquire Alto Vencap Private Limited

Singapore: Raffles Financial Group has arrived at an absolute share purchase deal on September 15th, 2021 to acquire Alto Vencap Private Limited

740
SHARES
4.1k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Raffles Financial Group Limited has arrived at an absolute share purchase deal on September 15th, 2021 to acquire all of the amalgamated share capital of Alto Vencap Private Limited, a Singapore-based firm.

Alto Vencap is a business advisory firm that serves the requirements of public listed firms in Hong Kong and Singapore. It also serves clients from Cambodia, Malaysia, China, Indonesia, Thailand, and the Philippines.

Raffles Financial’s Acquisition of Alto Vencap

Raffles Financial shall finish the complete takeover of Alto Vencap (AV) within the next few days. The purchase price is valued at SGD 2 per share (USD 1.48). Post-acquisition, the seller will be eligible for a payment, that is based on its performance, equal to 10 times Alto Vencap’s estimated total profits. This payment will be viable after the tax for the respective fiscal year is paid on June 30th, 2022. The tax will be payable in Alto Vencap’s shares which are valued at USD 7.81 per share. The payout maximum is 10,000,000-share.

Albert Fan, Director of AV, stated that the expansion of the Southeast Asian economy facilitates higher demands for business consulting entities in the financial advisory services sector. The firm is confident to deliver to the companies present in Southeast Asia with a financial solution of the Raffles Financial Group (RFG) suite.

The Raffles Financial Group suite will help medium-size enterprises by delivering a plethora of fiscal services like a corporate financial advisory in RTO, IPO, Mergers & Acquisitions, trust fund & family office management, digital asset fractionalization, listing, and REIT.

Dr. Charlie, the Chairman of Raffles Financial Group, stated that the acquisition of AV would encourage Regional Comprehensive Economic Partnership (RCEP) representatives to inculcate RFG financial solutions to attend to local firms’ listing and fund-raising needs.

About Raffles Financial Group Limited

Raffles Financial Group is a financial advisory company headquartered in Singapore. The firm is listed with the Monetary Authority of Singapore. The firm delivers advisory services to investment funds, family trusts, and family offices. The company delivers corporate fiscal guidance and public listing advisory for a large number of Asia Pacific firms who seek Initial Public Offering on chief stock exchanges in Canada, Australia, Hong Kong, Singapore, the USA, and Germany.

 

Via: Short URL
Tags: Alto Vencapfinancial advisory companyRaffles Financial Groupshare acquisitionsingaporeSoutheast Asia
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version