procurri

Procurri Corp moves towards delisting by appointing IFA for privatisation offer

Parent company Exeo Global Asset Holdings has proposed to acquire all of IT solutions provider’s shares, except those it already holds and any treasury shares, for S$0.32 in cash apiece

File photo of DeClout's chairman and chief executive Vesmond Wong (right), with Sean Murphy, who founded Procurri. DeClout said it intends to take the necessary steps to restore the free float of Procurri.

DeClout secures 46.95% acceptances in Procurri offer, ups stake to 97.34% at close

TECHNOLOGY incubator DeClout has received valid acceptances amounting to 138.8 million shares, representing 46.95 per cent of the total number of shares in Procurri Corporation, at the close of its ma...

The board says the placement pricing has taken into account current market conditions, historical trading volumes of Procurri’s shares and the company’s goals to restore public float.

Procurri’s board says placement price of S$0.30 per share is in ‘best interests of company’

Procurri’s board said that its placement price of S$0.30 per share – despite it being a 26.8 per cent discount to the counter’s last traded price of S$0.41 – was reflective of the pricing appetite for...

Procurri announced changes to its board of directors, including the cessation of its non-independent non-executive director Loke Wai San (right) and the resignation of Thomas Sean Murphy (left) from his role as executive chairman.

Procurri makes board changes, announces cessation of director Loke Wai San

IT SOLUTIONS provider Procurri Corporation on Thursday (Jun 16) announced changes to its board of directors effective Jun 15, including the cessation of its non-independent non-executive director Loke...

Prior to the mandatory cash offer announcement date on May 20, DeClout and its concert parties had collectively owned Procurri shares representing a 30.8 per cent equity stake in the company.

DeClout’s offer for Procurri secures 42.1% acceptances, bringing stake to 92.53%

THE mandatory cash offer for Procurri at S$0.425 per share has garnered valid acceptances for some 124.4 million shares, representing about 42.1 per cent of total issued shares in the IT solutions pro...

Technology incubator DeClout has made a mandatory cash offer for IT solutions provider Procurri Corporation, after it purchased 3.9 million shares in the company through a married deal and triggered a need for a compliance offer.

DeClout makes mandatory cash offer for Procurri after married deal raised its stakes past 30%

TECHNOLOGY incubator DeClout has made a mandatory cash offer for IT solutions provider Procurri Corporation, after it purchased 3.9 million shares in the company through a married deal and triggered a...

Procurri provides data centre maintenance, OEM recertified hardware and IT lifecycle services.

Procurri reviewing non-binding indications of interest for its assets

PROCURRI Corporation is reviewing and evaluating non-binding indications of interest from several third parties for the purchase of certain assets of the company and its subsidiaries, it said on Thurs...

Proccuri finance chief Choo Joo Kwang resigns

Proccuri finance chief Choo Joo Kwang resigns

PROCURRI'S group chief financial officer (CFO) Choo Joo Kwang has resigned to pursue other interests after more than 5 years in charge of the finance team at the mainboard-listed IT solutions provider...

Procurri files suit against Congruity360 and its execs for contract breaches

Procurri files suit against Congruity360 and its execs for contract breaches

PROCURRI announced that its two subsidiaries, Rockland Congruity and Procurri LLC are suing Congruity360 (C360), its chief operating officer Brian Davidson, and president and chief operating officer S...

Brokers' take: KGI says Procurri will catch recycling wave as '21st century karang guni'

Brokers' take: KGI says Procurri will catch recycling wave as '21st century karang guni'

PROCURRI, the provider of IT life-cycle services and data-centre equipment, may gain from a boost in the third-party maintenance (TPM) sector amid a rising focus on environmental, social and governanc...