Axington

Computer products distributor Serial Achieva debuts on Catalist

CATALIST-debutant Serial Achieva starts trading on Thursday (Jun 27), following the completion of a reverse takeover by Axington Inc.

Chairman Sean Goh (left), with chief executive officer Kenny Sim; Serial Achieva mainly distributes consumer products, but Goh sees an opportunity for the company to move towards serving the enterprise space.

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

Foo Kon Tan LLP also noted that an independent review earlier commissioned by Axington, which covers the nature and circumstances of unpaid placement shares, is still ongoing.

Axington's independent auditor puts disclaimer of opinion on FY2021 statements

INDEPENDENT auditor Foo Kon Tan has included a disclaimer of opinion over scandal-hit Axington’s financial statements for the 12 months to Dec 31, 2021.

Axington, which does not have any revenue-generating business and faces delisting if it does not acquire a new business, said that the proposed acquisition would enable shareholders to participate in areas that have potential for significant growth.

Axington proposes acquisition of Malaysia-based firm, could lead to RTO

Axington Inc has entered into a conditional sale and purchase agreement (SPA) with Serial I-Tech (Far East) to acquire Achieva Technology in a deal that would result in a reverse takeover (RTO).

Axington has warned that any cash exit offer to shareholders will be “highly unlikely” in the event it is not granted the time extension and will be delisted from SGX. 

Axington seeks time extension, warns exit offer ‘highly unlikely’ if Achieva acquisition falls through

CATALIST-LISTED Axington Inc has requested to have up till Sep 30, 2023 to complete the acquisition of Achieva Technology, a deal that was meant to result in a reverse takeover (RTO).

Axington has inked a non-binding memorandum of understanding to acquire a 100 per cent stake in Mushan Food Industries and 3 other sister companies.

Axington’s proposed acquisition of food manufacturing group expected to lead to reverse takeover

AXINGTON has inked a non-binding memorandum of understanding to acquire a 100 per cent stake in food manufacturer Mushan Food Industries and 3 other sister companies in a deal that is expected to resu...

Axington appoints AJCapital Advisory managing director as independent non-executive director

Axington appoints AJCapital Advisory managing director as independent non-executive director

AXINGTON announced on Wednesday that it has appointed managing director of corporate advisory firm AJCapital Advisory Luke Anthony Furler as an independent non-executive director of the company.

Axington's request to extend deadline for trading-resumption proposal granted

Axington's request to extend deadline for trading-resumption proposal granted

CATALIST-listed Axington's request for an extension of deadline till March 31 next year to submit a trading-resumption proposal had been granted by the Singapore Exchange (SGX), it announced on Tuesd...

Axington's planned RTO of Chinese tech company was dead on arrival
HOCK LOCK SIEW

Axington's planned RTO of Chinese tech company was dead on arrival

BY most accounts, now may not be the best time to dabble in China's tech sector. Beijing's regulatory crackdown on Internet companies has left the nation's homegrown giants reeling. The outlook is not...