After Procurri and Acclivis, there is still Beacon, Corous 360 and vCargo Cloud for this company

SINGAPORE (Oct 17): DeClout has proven its expertise in growing and spinning off tech companies since its 2012 Catalist listing, according to a unrated report by Maybank Kim Eng.

The company’s biggest success has been the July listing of Procurri – an IT hardware distribution business – on the Singapore Exchange Mainboard, according to analyst Jonathan Cheong.

This listing has garnered a return of investment of over 200%, or an unrealised gain of more than $50 million, notes Cheong. This also marked a first in SGX history of a catalist company spinning off a subsidiary to list on the Mainboard.

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