DeClout has been awarded NRF’s Early Stage Venture Fund (ESVFIII). Under the ESVFIII, DeClout’s investment focus will be on disruptive start-ups in digital economy, including big data analytics, smart logistics, cyber security and fintech.
DeClout has announced a S$7.2 million reward for shareholders, following its announcement to divest its 72.09%-owned subsidiary, Acclivis to CITIC Telecoms. The divestment will see the Group recording a disposal gain of up to S$27.9 million, enabling the Group to undertake a proposed inaugural share buy-back constituting 26% of the disposal gains to reward its shareholders.
For the 2nd year running, DeClout has once again emerged as one of the Fastest Growing 50 (FG50) Companies in Singapore 2016 by DP Information Group. We are one of the 6 ICT companies that made it to the list this year, affirming our strong and sustainable growth.
DeClout is pleased to announce that it has completed the divestment of its subsidiary, Acclivis. Pursuant to the announcement dated 21 November 2016, the Group will commit S$7.2 million to buy-back 23.0 million shares at S$0.315/share, subject to the fulfillment of two conditions. This includes the completion of the Acclivis divestment and the attainment of shareholders’ approval at an EGM to be convened on 7 December 2016.