T.O. ENTERPRISE PTE. LTD. Business Review
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Company Overview
TrustScore
T.O. ENTERPRISE PTE. LTD.
UEN:201843173K
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TrustScore Analysis
T.O. ENTERPRISE PTE. LTD. has a TrustScore of 80. Businesses in this range are generally considered reliable. However, it's still advisable to conduct reasonable checks before engaging in transactions.
Our preliminary analysis has revealed key insights about T.O. ENTERPRISE PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Official business profile found on major search engines
Negative highlights
- No employer brand presence on career platforms
- Does not have accessible contact information online
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Corporate Information for T.O. ENTERPRISE PTE. LTD.
STAMPED.IO PTE. LTD.
Contact Information for T.O. ENTERPRISE PTE. LTD.
Associated News for T.O. ENTERPRISE PTE. LTD.
Bungalow deals turbo-charged by new generation of business titans
The recent sale of 2 Cluny Hill was yet another record price on a psf basis when it changed hands for $4,291 psf. The GCB is still under construction and likely to be completed only in 3Q2022. The buyer who paid $63.7 million for the GCB is tech entrepreneur Tommy Ong, who is in his 30s. He is the founder of Shopify review app, Stamped.io, which was sold for US$110 million ($145.86 million) in March. Meanwhile, 37-year-old real estate magnate Kishin RK quietly purchased an old GCB on Grange Road from the Goh family that founded both NatSteel and Tat Lee Bank Group. Kishin paid $48 million ($1,697 psf) for the GCB in a deal brokered by Realstar. Kishin is said to be looking for a “star architect” to design his new GCB. The plan is to redevelop the property and reorientate it to face Chatsworth Road, and to adopt that address too.
WeCommerce Holdings Ltd.’s $110 Million Acquisition of Stamped.io Pte. Ltd.
Canadian e-commerce technology company WeCommerce Holdings Ltd. (WeCommerce) has successfully closed the previously announced acquisition of substantially all the assets of Stamped.io Pte. Ltd., a leading software-as-a-service platform based in Singapore, for cash and share consideration of up to US$110 million. Prior to the closing of the transaction, valued at up to US$110 million, WeCommerce entered into a US$80-million senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank. Launched in 2019 on the TSX-V and sponsored by Bill Ackman, WeCommerce focuses on acquiring businesses that serve the Shopify Partner ecosystem. The acquisition is expected to boost WeCommerce’s organic growth and operating margins, while increasing the revenues generated from recurring subscription revenue streams.
WeCommerce Will Conduct an Investor Presentation When Its Stamped Acquisition Closes
WeCommerce Holdings Ltd. (“WeCommerce” or the “Company”) today announced that it plans to host an investor presentation and Q&A session for shareholders shortly after the closing of its recently announced acquisition of the assets of Stamped.io Pte. Ltd. (“Stamped”), which is estimated to occur within the next 45 days. Because of confidentiality restrictions in the acquisition agreement and the pending completion of audited financials for Stamped, we are currently limited in the disclosure we can provide to shareholders.
WeCommerce, which invests in companies within the Shopify partner ecosystem, said last Friday that it has signed a definitive purchase agreement to acquire substantially all of the assets of Stamped.io Pte Ltd. The deal comprises US$75 million in cash upon the closing of the acquisition, funded through a combination of cash on hand and a senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank, NA. Another US$10 million will be paid through the issuance of 496,697 Class A common shares of WeCommerce at a price of C$25.43 (S$27), representing 1.36 per cent of the issued and outstanding common shares.
WeCommerce, which invests in companies within the Shopify partner ecosystem, said last Friday that it has signed a definitive purchase agreement to acquire substantially all of the assets of Stamped.io Pte Ltd. The deal comprises US$75 million in cash upon the closing of the acquisition, funded through a combination of cash on hand and a senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank, NA. Another US$10 million will be paid through the issuance of 496,697 Class A common shares of WeCommerce at a price of C$25.43 (S$27), representing 1.36 per cent of the issued and outstanding common shares.
Company Industry
Singapore Standard Industrial Classification (SSIC)
58202
PUBLISHING OF SOFTWARE/APPLICATIONS (NON-GAMES)