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.
Our subsidiary, Procurri, is Singapore’s first non-REIT and first technology IPO on the SGX-ST Main Board in 2016. Being our maiden spin-off, the success of Procurri’s IPO speaks volumes of our ability to invest, incubate, scale and harvest companies within our portfolio.
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 has announced that Hong Kong-listed CITIC Telecoms has acquired its subsidiary, Acclivis, for a maximum consideration of up to S$75.0 million. Following our listing of Procurri on the SGX Mainboard, this second major milestone of the year validates the Group’s ability to execute and enhance shareholder value. The proposed transaction is expected to yield positive financial impact, returning gross proceeds of up to S$45.6 million for the Group, with a disposal gain of up to S$27.9 million.