M&As
DeClout turns corner, records first profits
SGX-Catalist listed ICT solutions and services provider DeClout Ltd said it posted a 165% increase in revenue year-on-year to record S$121 million (US$86 million) for the first half of its 2015 fiscal year (H1 2015), which ended June 30.
Post-restructuring, Rev Asia aims for No 1 spot in ‘social news’
After making the tough decision to shut down several lines of business, Malaysia’s Rev Asia Holdings Sdn Bhd has embarked on a three-year roadmap that it says will transform it into one of the largest digital media companies in the region.
ST Telemedia and StarHub in JV to develop MediaHub
ST Telemedia and StarHub have announced a joint venture partnership to develop the latter’s MediaHub facility that is being constructed.
Ricoh Malaysia acquires managed services provider Nassion Systems
Ricoh (Malaysia) Sdn Bhd said it has completed its acquisition of Nassion Systems (M) Sdn Bhd, an ICT managed services and telecommunications solutions provider. Financial terms were not disclosed.
ST Telemedia invests in UK-based Virtus Data Centres
ST Telemedia has invested an undisclosed sum into London-based Virtus Data Centres Ltd, which it said would help the latter accelerate its business growth.
Internet and other services drive TM’s Q1 2015 revenue
Telekom Malaysia (TM) reported first-quarter revenue growth of 5.9% to RM2.77 billion (US$760 million) from RM2.62 billion in the corresponding period a year ago, mainly driven by higher contribution from its Internet and ‘Others’ services revenue.
N2N eyes Bloomberg’s terminal market
Almost one year after selling a stake in N2N Connect to Japanese investors, N2N’s Andrew Tiang predicts this will the year that the marriage bears fruit.
MOL Global to slow down on acquisitions this year
After a series of acquisitions over the past few years, as well as the ‘financial data errors’ incident which saw a delay in its reporting, MOL Global will have a smaller appetite for mergers and acquisitions in 2015.
Key investor opportunities across APAC remain positive: Frost
Investments in the ICT, energy and healthcare sectors by venture capital, private equity as well as strategic investors (through mergers and acquisitions) outperformed the others in 2014, according to Frost & Sullivan.
Fatfish sets up corporate advisory business division
ASX-listed venture investment firm Fatfish Internet Group Ltd (FFG) has announced the establishment up of a new business division to be named Fatfish Corporate Advisory Division (FCAD).
