EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD. Business Review
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Business Overview
TrustScore
EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD.
UEN:202041262E
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TrustScore Analysis
EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD. has a TrustScore of 56. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Has accessible contact information online
Official business profile found on major search engines
Negative highlights
- No employer brand presence on career platforms
- Not accredited by CaseTrust
EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD.'s Business Reviews
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Corporate Information for EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD.
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Associated News for EXCELGAMES INTERACTIVE ASIA HOLDINGS PTE. LTD.
On Wednesday night, Advanced Systems announced a proposed acquisition of 100 per cent of the shares in the issued and paid-up share capital of Excelgames Interactive Asia Holdings from three vendors for a base consideration of S$120 million, with the possibility of an additional consideration. This would result in a change in control of the company and would constitute a reverse takeover. Abundance International also saw brisk trading, with 16 million shares worth S$500,000 changing hands within the first minute of market open. Its shares rose 10.7 per cent or 0.3 Singapore cent to 3.1 cents. Index stock Singtel was also actively traded, with 833,600 shares worth S$1.9 million traded as at 9.01am. The counter was up 0.4 per cent or S$0.01 at S$2.35.
On Wednesday night, Advanced Systems announced a proposed acquisition of 100 per cent of the shares in the issued and paid-up share capital of Excelgames Interactive Asia Holdings from three vendors for a base consideration of S$120 million, with the possibility of an additional consideration. This would result in a change in control of the company and would constitute a reverse takeover. Abundance International also saw brisk trading, with 16 million shares worth S$500,000 changing hands within the first minute of market open. Its shares rose 10.7 per cent or 0.3 Singapore cent to 3.1 cents. Index stock Singtel was also actively traded, with 833,600 shares worth S$1.9 million traded as at 9.01am. The counter was up 0.4 per cent or S$0.01 at S$2.35.
ADVANCED Systems Automation has agreed to fully acquire a video gaming company, Excelgames Interactive Asia Holdings, for a base consideration of S$120 million in a transaction that will constitute a reverse takeover (RTO) upon completion. This comes after Advanced Systems' Feb 27, 2021 announcement that it would dispose of certain subsidiaries, after which it will cease to hold any operating businesses and become a cash company. In a bourse filing on Wednesday evening, Advanced Systems said its decision to dispose of these subsidiaries was due to "significant disruptions" to the group's business operations caused by Covid-19 that resulted in net losses, limited cash flow, as well as limited opportunities to undertake fund-raising exercises.
ADVANCED Systems Automation has agreed to fully acquire a video gaming company, Excelgames Interactive Asia Holdings, for a base consideration of S$120 million in a transaction that will constitute a reverse takeover (RTO) upon completion. This comes after Advanced Systems' Feb 27, 2021 announcement that it would dispose of certain subsidiaries, after which it will cease to hold any operating businesses and become a cash company. In a bourse filing on Wednesday evening, Advanced Systems said its decision to dispose of these subsidiaries was due to "significant disruptions" to the group's business operations caused by Covid-19 that resulted in net losses, limited cash flow, as well as limited opportunities to undertake fund-raising exercises.
Company Industry
Singapore Standard Industrial Classification (SSIC)
64202
OTHER HOLDING COMPANIES
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.