Serial System Ltd

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.

Companies & Markets

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

2024-06-17T21:00:00.000Z

Serial System notes in a filing to the Singapore Exchange that the net loss is primarily due to loss allowance for trade receivables, net foreign exchange loss, inventory obsolescence and higher interest expenses.

Companies & Markets

Serial System expects net loss for FY2023

ELECTRONIC components and consumer products distributor Serial System is expecting a net loss for the financial year ended Dec 31, 2023.

2024-02-18T14:01:09.000Z

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.

Companies & Markets

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).

2022-09-02T15:17:45.000Z

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.

Companies & Markets

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).

2022-09-16T12:03:03.000Z

Companies & Markets

Serial System's stink of a dispute with durian partners lingers on

SERIAL System's 55 per cent-owned subsidiary Bast Investment is facing pushback from its durian business joint venture (JV) parties regarding a litigation claim, announced the electronic parts distrib...

2022-03-15T13:50:00.000Z

Companies & Markets

Serial System in dispute with durian JV parties over RM15.4m claim

2022-03-14T17:27:27.000Z

Companies & Markets

Serial System chairman steps down for 24 months following "conditional warning"

SERIAL System said on Tuesday that its executive chairman and director, Derek Goh Bak Heng, has relinquished his directorship in the company for a period of 24 months.

2021-10-05T07:07:59.000Z

Serial System rides global chip shortage by diversifying

Companies & Markets

TOPLINE

Serial System rides global chip shortage by diversifying

Its product portfolio has expanded to include printer accessories, household appliances and lifestyle goods.

2021-08-29T13:50:00.000Z

Capital Markets & Currencies

Hot stock: Serial System shares up 8.8% in early trade after guiding for net profit for H1

SERIAL System shares gained 8.8 per cent on Wednesday after it said it will likely swing to a net profit for H1 FY2021, from a loss for the same period a year ago.

2021-07-27T18:18:03.000Z

Technology

Serial System places 9m treasury shares for S$0.15 per share

SERIAL System S69 has placed an aggregate of nine million treasury shares in the capital of the company for S$0.15 per share, the electronic components distributor said in a bourse filing on Monday.

2021-07-11T17:23:34.000Z

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