Shares & Derivatives
Can iFAST Soar Higher for 2022?
By Dividend Titan  •  January 17, 2022

Can iFAST Soar Higher for 2022?

Here's what you need to know about iFAST's latest acquisition on a UK digital bank: BFC Bank. And whether it's a good deal for investors.
I find it odd. That this quiet Singapore financial firm is buying over a major UK bank. But I can understand why they are doing this. iFAST Corporation (SGX:AIY) announced it will buy over an 85% stake in a little-known bank called BFC Bank Limited from BFC Group (that’s based in Bahrain). And iFast plans to raise S$75 million in a private placement to fund the purchase. A private placement is allows a company to sell additional shares to a pre-selected group of investors, to raise money in the stock market.  The higher the share price, the more beneficial for the company to do a private placement. What struck me was the huge geography mismatch. iFAST’s main business is in Asia, while the acquisition is in Europe’s biggest financial centre.
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By Dividend Titan
I am Willie Keng and I help business owners and boutique investment firms do one thing: I build practical, effective investment processes that grow their AUM than their business can practically handle…
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