SCIB Proposes Private Placement to Raise Up to RM10.98 Million ACN Newswire

SCIB Proposes Private Placement to Raise Up to RM10.98 Million

KUCHING, MALAYSIA, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is proposing a private placement to raise gross proceeds of up to approximately RM10.98 million for working capital, repayment of bank borrowings and estimated expenses for the proposed private placement.Group MD and CEO of SCIB, Encik Rosland bin OthmanWhile the issue price and the actual number of shares to be issued will be determined later, under the maximum scenario in which all the Company's 245.18 million outstanding warrants are exercised, the proposed private placement will entail the issuance of up to 82.72 million placement shares at an indicative price of RM0.1327 per placement share to raise gross proceeds of up to approximately RM10.98 million. Under the minimum scenario, should none of the outstanding warrants be exercised, then gross proceeds raised will be RM7.72 million.The proposed issuance represents not more than 10% of the issued shares as at the latest practicable date (LPD) of 30 December 2022 while the indicative price per share represents a discount of approximately 9.97% to the five-day volume weighted average market price of SCIB shares up to the LPD of RM0.1474. The proposed private placement may be implemented in several tranches within six months of approval from Bursa Securities Malaysia Berhad or any extended period approved by it until the conclusion of the next AGM.The proposed private placement is undertaken in accordance with the approval obtained from the shareholders of the Company at the 46th AGM convened on 8 December 2022.Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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ALTAVA Group Announces Complete Sell-out of BAGC Collection at Their Private and Whitelist Rounds SeaPRwire

ALTAVA Group Announces Complete Sell-out of BAGC Collection at Their Private and Whitelist Rounds

What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). In the first 10 minutes of the private sale, 80,000 server requests along with 40,000 concurrent users. This surpasses the CCU that DappRadar previously reported for blue-chip projects. One of the most unique utilities for BAGC digital collection is the connection between IRL and Web3 along with the IP ownership/management service. While it’s important to have IP ownership in an NFT or a digital collection, most users won’t know how to monetize the IP. ALTAVA IP management inclusion solves the issue by allowing users to receive kickback while leaving the licensing and monetization of the IP to ALTAVA. “We are truly humbled by this success. We couldn’t have accomplished this without our team as well as a network of partners, influencers, and launchpads that work tirelessly with us. A special thanks to Elite Apes who first believed in our vision and kickstarted this entire project with us. We would also like to extend a heartfelt thank you to everyone who participated in the sale and helped make this collection a resounding success. This is just the beginning – but what a beginning. ” said Andy Ku, Founder and CEO of ALTAVA Group. “Despite global inflation, recession, and deep crypto bear market, ALTAVA managed to pull off the improbable and sell out their collection at the Private and Whitelist rounds is nothing short of amazing. They are one of the best teams we’d ever worked with. Ape supports ape.” said Jason Au, Founder of Elite Apes. About ALTAVA Group ALTAVA Group is a Singapore-based company with offices in Seoul, Tokyo, London, and Paris. ALTAVA is the luxury fashion metaverse that enables users to discover, interact, and express themselves through a hi-fidelity avatar. The Company operates WOY (World of You), a metaverse that provides Omni-platform experiential solutions which seamlessly connect consumers to the real-world and virtual world for high-end luxury brands and discerning partners. Social Links ALTAVA Announcement Telegram: https://t.me/altavaofficial Telegram Chat: https://t.me/altavachat Discord: https://discord.gg/altava Twitter: https://twitter.com/altavagroup Medium: https://medium.com/@altavagroup Facebook: https://www.facebook.com/altavagroup LinkedIn: https://www.linkedin.com/company/altava Instagram: https://www.instagram.com/altavagroup/ Japan Telegram: https://t.me/altavajapan Japan Twitter: https://twitter.com/altavagroupjp Media contact Brand: ALTAVA Group Contact: Media tema Website: https://altava.com/ SOURCE: ALTAVA Group The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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TR Capital Positions Firm to Capture Tremendous Growth Opportunity in Southeast Asia with New Singapore Office ACN Newswire

TR Capital Positions Firm to Capture Tremendous Growth Opportunity in Southeast Asia with New Singapore Office

SINGAPORE, Sep 16, 2022 - (ACN Newswire via SEAPRWire.com) - TR Capital, the leading Asian secondary private equity firm, today announced the opening of its fifth office in the APAC region, and the firm's Southeast Asia Headquarters, in Singapore. Paul Robine, Founder and CEO of TR Capital, said, "We see huge potential in the secondary private equity market in Singapore, as well as the wider Southeast Asia ("SEA") region, making Singapore a strong new location for TR Capital, in addition to our offices in Greater China and India. This combined with favourable policies designed to cement Singapore's position as a financial hub, make it an obvious choice from which to create value for our investors."The Southeast Asia region presents significant opportunities for investors, with its fast-growing consumer trends, sought-after technology companies and lively start-up culture. The private equity market in Southeast Asia reached an all-time high of US$25 billion in deal value in 2021, more than double the 2020 figure(1) . Singapore led this growth in both the number of deals and their value, recording 104 deals worth a total of US$12.1 billion. In the coming years, SEA-focused private equity firms will look for exit opportunities to meet their liquidity needs. As a secondary investor, TR Capital will be well-positioned to capitalize on these market dynamics."At TR Capital, our strategy is centred around making investments in innovative and established leaders from the technology, consumer, and healthcare sectors. Our focus on secondaries comes at a critical time when many private equity firms are evaluating exiting assets, while institutional investors are also looking to rebalance their portfolios amidst an environment of highly volatile market conditions," continued Mr. Robine. "Given our active investment style, we have always placed importance on having local offices on the ground run by strong local teams. We are incredibly proud to be the only secondary private equity firm to have five offices in Asia ex-Japan. The new office in Singapore perfectly positions us to capture emerging opportunities in Southeast Asia, which will complement our investments in China and India." TR Capital is led by Founder and CEO Paul Robine, and by Managing Partners Colin Sau and Frederic Azemard, with flagship offices in Hong Kong and Singapore, and additional offices and local teams in Shanghai, Shenzhen and Mumbai. About TR Capital TR Capital is a leader in secondary private equity investments in the Asia-Pacific region. TR Capital focuses on providing liquidity solutions to owners of private equity assets through Secondary Direct (single asset) and Fund Restructuring (portfolio) transactions. The firm targets significant positions in established leaders in the Technology, Consumer and Healthcare sectors. TR Capital is an active investor and shareholder and works with its portfolio companies to optimize their business models and capital structures. TR Capital currently manages four funds with capital commitments of over US$1.2 billion. The firm's sophisticated investor base includes sovereign funds, pension funds, asset management firms, entrepreneurs, and family offices. Founded in 2007, TR Capital has subsequently closed 40 secondary investments and built a solid track record closing four funds since launch. TR Capital's 30 professionals are based in offices in Hong Kong, Singapore, Shanghai, Shenzhen and Mumbai. (1) 2022 annual Southeast Asia Private Equity report by Bain & Company For more information, please contact:Artemis AssociatesDiana Footitt, CEOM: +852 9183 0667E: diana.footitt@artemisassociates.com Claire Wong, Managing DirectorM: +65 8266 4213E: clairew.wong@artemisassociates.comBowen Chui, DirectorM: +852 9783 0643E: bowen.chui@artemisassociates.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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TheCapitalNet awarded Best Private Market FinTech Solutions Provider 2022 by Wealth & Finance International ACN Newswire

TheCapitalNet awarded Best Private Market FinTech Solutions Provider 2022 by Wealth & Finance International

MENLO PARK, CA & HYDERBAD, IN, Sep 8, 2022 - (ACN Newswire via SEAPRWire.com) - TheCapitalNet, Inc., a leading enterprise SaaS and financial technologies company, has been awarded Best Private Markets FinTech Solutions Provider 2022 by Wealth & Finance International. TheCapitalNet was recognized for transforming the private markets and private investments eco-system through technology, while focusing on PE, VC, CVCs, Angel Networks, Family Offices and M&As.Link: www.wealthandfinance-news.com/winners/thecapitalnet-inc/Wealth & Finance International provides fund managers and institutional and private investors around the world with the latest industry news across both traditional and alternative investment sectors. This recognition reinforces the belief that TheCapitalNet products are putting the best technologies to work while collaborating with stakeholders to enable what they do best: value nurturing and wealth creation."We are thrilled to be recognized by Wealth & Finance International," said Dr. Rakesh Bhatia, Founder and CEO of TheCapitalNet. "Every accolade brings its own set of responsibilities to our business, and we are committed to making TheCapitalNet even more worthy. This recognition allows us to reaffirm our beliefs, and further realize our vision of digitally enabling the stakeholders of this ecosystem globally," added Rakesh.About TheCapitalNetTheCapitalNet, with offices in Dallas and Silicon Valley in the USA and Hyderabad in India, is an Enterprise SaaS and knowledge media venture operating in the Private Investments, Innovation and Startup ecosystem. TheCapitalNet products drive the digital transformation journey by enabling business processes and making them smarter and more intelligent, thus redefining business operations, decision making and business outcomes:* TheInvestorNet (www.theinvestornet.com) - An application for private investors including PE/VC/Angel Networks/Family offices/CVCs to manage the end-to-end business operations with over two dozen investments firms spread across various countries globally,* TheIncubatorPro (www.theincubatorpro.com) - An end-to-end productivity suite for incubators, accelerators, and/or open/corporate innovation with 180+ incubators and accelerators spread across various countries globally,* TheBizPlanner (www.thebizplanner.com) - An application for Founders/Entrepreneurs to plan their business and connect with the private investment and innovation ecosystem, used by 17,000+ startups spread across 70+ countries globally, and* TheCapitalNet TV (www.thecapitalnet.tv) - A knowledge media that produces and shares global content focused on above mentioned ecosystem through knowledge sessions, news and trends, research reports, interviews, and discussions - with over millions of impressions across 110+ countries.Visit: www.TheCapitalNet.com, Email: marcom@thecapitalnet.comAbout Wealth & Finance InternationalWealth & Finance International is a quarterly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, U.K., a publishing house that has reinvigorated corporate finance news and reporting.Developed by a highly skilled team of writers, editors, business insiders and regional industry experts, Wealth & Finance International reports from every corner of the globe to give readers the inside track on the need-to-know news and issues affecting banking, finance, regulation, risk, and wealth management in their region.Visit: www.wealthandfinance-news.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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XQUI Pioneering the Real Web3 Vision with XQUI DAO Fund Release

The NFT connects investors to a private club, well-researched analytics, and investment products under one DAO. New York, NY, August 15, 2022 – (SEAPRWire) – Being an early investor in Web3 does not negate the fact that data matters. XQUI (Exquisite) gives access to deep market analytics, private investment rounds and investment products to generate passive income. The decentralized autonomous organization (DAO) is developing a new financial ecosystem based on community. The conglomerate of fund managers and investors led by industry veteran (Linkedin) serves as a market guide for the Web3 platform and products. The XQUI community will only be accessible as an XQUI Genesis NFT collection holder. XQUI Genesis release date is set for October 5th, 2022. XQUI (Exquisite) is a community of crypto investors, fund managers, project founders, researchers, DeFi, NFT, alpha analysts, and more. XQUI is based on three pillars: XQUI Genesis, XQUI DAO, and XQUI Finance. Genesis is a collection of 3,000 utility-enabled PFPs giving investors access to The XQUI Club. The XQUI Club has specific benefits that include private club access, a professional team of experts, XQUI accelerator, exclusive content, access to the XQUI Private fund, and investment products, XQUI merch, and community events. The Genesis collection will give members access to the club. Projected community events include Informative XQUI Web3 conference/workshops, insightful mastermind sessions, as well as calming yoga and meditation events. Uniquely, XQUI allows members to crowdfund through the DAO. Each founder of a new project can pitch their project to the XQUI community to get funding. Chris, CEO, and co-founder of XQUI has a talent of attracting the most intelligent people in the crypto industry. This skill earns the platform a community that serves as a knowledge panel for future XQUI collection holders. The crypto fund manager has 6+ years of experience in process operating and team leadership, as well as leading a team that operates +$200m. As a crypto fund manager himself, his mission aligns with the organization’s goals to connect, educate, and build a community around Web3 product investors of all levels. Smart investors do not enter into investments without data. Join our community as we explore the new stages of the crypto market. Keep up with the XQUI knowledge base today and participate in the public sale of XQUI Genesis NFT. About XQUI XQUI is the Private Investment DAO that lets investors obtain well-researched insights and invest in market-needed products to generate passive income. Our mission is to unite crypto to move towards the real Web3 vision. Ultimately, we are building a friendly ecosystem of crypto experts in an eco-friendly manner – we plan to share knowledge and experience while entering the new stages of the crypto market. Social Links Twitter: https://twitter.com/xquieth Discord: https://discord.com/invite/xqui Doc: https://docs.xqui.io/ PR Contact info@finpr.agency https://finpr.agency Media Contact Brand: XQUI Contact: Chris | CEO & Co-Founder Email: hello@xqui.io Website: https://xqui.io SOURCE: XQUI The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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