This is for record purposes only. Sorry for the late report as there is no public tranche and i am not vested
Axcelasia Inc ("Axcel" or the "Company") is offering 47.52m placement shares at $0.25 each where 35.52m will be new shares and the balance vendor shares. The IPO closed on 25 Nov 2015 and will start trading on 27 Nov 2015. The market cap is around $40m based on IPO price.
Principal Business
The Company and its subsidiaries provide integrated professional services to government-linked entities and corporations in tax advisory, business consultancy, enterprise management system and business support.
Key Strengths
According to the prospectus, the Company has the following key strengths:
- Good track record
- Integrated service provider
- Flat management structure
- Experienced and dedicated management team
Future Plans
The Company intends to expand in Malaysia and ASEAN region, enhances its range of professional services and support infrastructure.
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