fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
    • All
    • Central
    • Commercial
    • Digital
    • Islamic
    • Private
    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    OPay obtains approval of Egypt's CBE to issue prepaid cards

    OPay obtains approval of Egypt’s CBE to issue prepaid cards

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Digital voice-based banking to become the new reality in 2022?

    Digital voice-based banking to become the new reality in 2022?

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

  • Non Banking
    • All
    • Crypto & Fintech
    • Currencies
    • Funds
    • Insurance
    • Mergers & Acquisitions
    • Taxation
    • Wealth & Asset Management
    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

  • Markets
    • All
    • Brokerage
    • Energy
    • Forex
    • Ultility
    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Russia attacks Ukraine grain network in bid to cut competition

    Russia attacks Ukraine grain network in new bid to cut competition

    Crisis talks in EU after Russia cuts gas to 2 member countries

    Crisis talks in EU after Russia cuts gas to 2 member countries

  • Infrastructure
    • All
    • Education
    • Healthcare
    • Logistics
    • Real Estate
    • Telecom
    • Transportation
    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    In 2022, Abu Dhabi real estate records a boom with an influx of international investors

    In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

    Modern Indian architecture creating heat waves in 21st century

    Modern Indian architecture creating heat waves in 21st century

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

  • Lifestyle
    • All
    • Fashion
    • Hospitality
    • Retail
    • Technology
    • Tourism
    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

    Minor Hotels to launch 4 new properties, 2 brands in Middle East this year

    Minor Hotels to launch 4 new properties, 2 brands in Middle East this year

    Saudi government likely to add to its $500bln NEOM commitment

    Saudi government likely to add to its USD500 billion NEOM commitment

    Deutsche Hospitality unveils big Middle East expansion plans for 2022

    Deutsche Hospitality unveils big Middle East expansion plans for 2022

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

    Lufthansa and TripActions launch New Travel Platform for SMEs

    Lufthansa and TripActions launch New Travel Platform for SMEs in 2022

    Abu Dhabi launches new 2022 ‘Summer Like You Mean It’ campaign

    Abu Dhabi launches new 2022 ‘Summer Like You Mean It’ campaign

  • FeatureNew
    • All
    • Business Leaders
    • Exclusive Coverage
    • Long reads
    • Startups
    Beema Insurance - Fastest Growing InsurTech Company

    Beema Insurance – Fastest Growing InsurTech Company 2021

    Freight and Logistics firm, Bosta, declares office launch in Riyadh; eyes on global expansion in 2022

    Freight and Logistics firm, Bosta, declares office launch in Riyadh; eyes on global expansion in 2022

    The Internet – Are We Safe in the 21st Century?

    The Internet – Are We Safe in the 21st Century?

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

    Nine women entrepreneurs at the helm of crypto success in 2022

    Nine women entrepreneurs at the helm of crypto success in 2022

    Top 10 Countries Considered as the Best Business Hubs in 2022

    Top 10 Countries Considered as the Best Business Hubs in 2022

    Accel unveils a new USD 650 million fund for India and Southeast Asia

    Accel unveils a new USD 650 million fund for India and Southeast Asia

    Riyadh: The Saudi-Kyrgyz business forum at FSC in 2022 boosts the two countries’ relations

    Riyadh: The Saudi-Kyrgyz business forum at FSC in 2022 boosts the two countries’ relations

    Meta for MENA; SMEs receive boost in 2022

    Meta for MENA; SMEs receive boost in 2022

  • Awards
No Result
View All Result
  • Home
  • Banking
    • All
    • Central
    • Commercial
    • Digital
    • Islamic
    • Private
    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    OPay obtains approval of Egypt's CBE to issue prepaid cards

    OPay obtains approval of Egypt’s CBE to issue prepaid cards

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Digital voice-based banking to become the new reality in 2022?

    Digital voice-based banking to become the new reality in 2022?

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

  • Non Banking
    • All
    • Crypto & Fintech
    • Currencies
    • Funds
    • Insurance
    • Mergers & Acquisitions
    • Taxation
    • Wealth & Asset Management
    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

  • Markets
    • All
    • Brokerage
    • Energy
    • Forex
    • Ultility
    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Russia attacks Ukraine grain network in bid to cut competition

    Russia attacks Ukraine grain network in new bid to cut competition

    Crisis talks in EU after Russia cuts gas to 2 member countries

    Crisis talks in EU after Russia cuts gas to 2 member countries

  • Infrastructure
    • All
    • Education
    • Healthcare
    • Logistics
    • Real Estate
    • Telecom
    • Transportation
    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    In 2022, Abu Dhabi real estate records a boom with an influx of international investors

    In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

    Modern Indian architecture creating heat waves in 21st century

    Modern Indian architecture creating heat waves in 21st century

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

  • Lifestyle
    • All
    • Fashion
    • Hospitality
    • Retail
    • Technology
    • Tourism
    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

    Minor Hotels to launch 4 new properties, 2 brands in Middle East this year

    Minor Hotels to launch 4 new properties, 2 brands in Middle East this year

    Saudi government likely to add to its $500bln NEOM commitment

    Saudi government likely to add to its USD500 billion NEOM commitment

    Deutsche Hospitality unveils big Middle East expansion plans for 2022

    Deutsche Hospitality unveils big Middle East expansion plans for 2022

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

    Lufthansa and TripActions launch New Travel Platform for SMEs

    Lufthansa and TripActions launch New Travel Platform for SMEs in 2022

    Abu Dhabi launches new 2022 ‘Summer Like You Mean It’ campaign

    Abu Dhabi launches new 2022 ‘Summer Like You Mean It’ campaign

  • FeatureNew
    • All
    • Business Leaders
    • Exclusive Coverage
    • Long reads
    • Startups
    Beema Insurance - Fastest Growing InsurTech Company

    Beema Insurance – Fastest Growing InsurTech Company 2021

    Freight and Logistics firm, Bosta, declares office launch in Riyadh; eyes on global expansion in 2022

    Freight and Logistics firm, Bosta, declares office launch in Riyadh; eyes on global expansion in 2022

    The Internet – Are We Safe in the 21st Century?

    The Internet – Are We Safe in the 21st Century?

    An Ode to the 5 Arab Women Reigning the Business World

    An Ode to the 5 Arab Women Reigning the Business World

    Nine women entrepreneurs at the helm of crypto success in 2022

    Nine women entrepreneurs at the helm of crypto success in 2022

    Top 10 Countries Considered as the Best Business Hubs in 2022

    Top 10 Countries Considered as the Best Business Hubs in 2022

    Accel unveils a new USD 650 million fund for India and Southeast Asia

    Accel unveils a new USD 650 million fund for India and Southeast Asia

    Riyadh: The Saudi-Kyrgyz business forum at FSC in 2022 boosts the two countries’ relations

    Riyadh: The Saudi-Kyrgyz business forum at FSC in 2022 boosts the two countries’ relations

    Meta for MENA; SMEs receive boost in 2022

    Meta for MENA; SMEs receive boost in 2022

  • 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

738
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

Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion
Funds

Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

by Sunil Bolar
May 23, 2022
Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022
Education

Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

by Sunil Bolar
May 23, 2022
Anthony Albanese sworn in as Australia’s 31st PM, ahead of Quad meet
Top Stories

Anthony Albanese sworn in as Australia’s 31st PM, ahead of Quad meet

by Sunil Bolar
May 23, 2022
Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030
Funds

Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

by Sunil Bolar
May 19, 2022
In 2022, Abu Dhabi real estate records a boom with an influx of international investors
Real Estate

In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

by Sunil Bolar
May 19, 2022
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn
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

Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

May 23, 2022
Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

May 23, 2022
Anthony Albanese sworn in as Australia’s 31st PM, ahead of Quad meet

Anthony Albanese sworn in as Australia’s 31st PM, ahead of Quad meet

May 23, 2022
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.

Go to mobile version