Serial Achieva seeks access to capital markets to grow regional IT distribution business
It will do so through a reverse takeover transaction with Catalist-listed Axington
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IN its bid to grow in South-east Asia, IT products and computer peripherals distributor Serial Achieva is seeking access to capital markets through a reverse takeover (RTO) transaction with Catalist-listed Axington Inc.
Serial Achieva mainly distributes consumer products, but chairman Sean Goh sees an opportunity for the company to move towards serving the enterprise space.
In particular, he believes that the company has an opportunity to sell more in-demand server components to large-scale users, such as cloud service providers, which are key players that are trying to leverage artificial intelligence (AI).
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