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Allied Technologies
Management & Corporate Governance
Annica chairman Ong quits just as JLC senior partner goes missing with $33 mil of clients' money
SINGAPORE (May 23): Jeffrey Ong, chairman of Annica Holdings, has quit with immediate effect on May 20. Ong is also the managing partner of boutique law firm JLC Advisors.
May 23, 2019
Management & Corporate Governance
Allied Tech's $130 mil purchase of dorm operator aborted amid news of missing funds
SINGAPORE (May 23): Precision engineering firm Allied Technologies will not go ahead with the acquisition of dormitory operator Aik Chuan Construction (ACC) and its subsidiaries.
May 23, 2019
M&A
Allied Technologies signs S&P agreement to acquire 51% stake in Activpass for $25.2 mil
SINGAPORE (July 2): Allied Technologies has finally entered into a sale and purchase agreement with vendors Seow See Keong and Leow Ai Li Amy to acquire a 51% stake in Activpass Holdings for $25.2 million.
July 02, 2018
Allied Tech raises $25.2 mil in private placement to four investors
SINGAPORE (June 18): Allied Technologies on Monday raised $25.2 million by selling 420 million shares at 6 cents each to four investors in a private placement.
June 18, 2018
M&A
Allied Tech signs MOU to acquire 51% stake in Activpass; details still being worked out
SINGAPORE (June 5): Allied Technologies, the manufacturer of metal stamped parts, is planning to acquire a 51% stake in Activpass Holdings to diversify its business operations and invest in technology solutions to provide additional revenue streams and im
June 05, 2018
M&A
Allied Technologies buys 51% stake in Asia Box Office for $30 mil
SINGAPORE (Apr 3): Allied Technologies has entered into a sale and purchase agreement with Platform Internet Capital to purchase a 51% stake in Asia Box Office for $30 million.
April 03, 2018
M&A
Allied Technologies to acquire 51% stake in Asia Box Office
SINGAPORE (Jan 24): Allied Technologies has entered into a binding memorandum of understanding (MOU) with Platform Internet Capital to acquire a 51% stake in Asia Box Office.
January 24, 2018
Allied Technologies to dispose entire 100% stake in China subsidiary for $25 mil
SINGAPORE (Dec 20): Allied Technologies has entered into a sale and purchase agreement to sell its entire 100% equity interest of Allied Technologies (Suzhou) Co. (ATSU) for a total of $25 million.
December 20, 2017
M&A
Allied Technologies invests US$10 mil in payment and tech solutions company
SINGAPORE (Dec 19): Allied Technologies announced that it is investing a total of US$10 million ($12.5 million) into 8travelplay Intelligence & Technology (8TPS).
December 19, 2017
Allied Tech in private placement to raise $33.8 mil for expansion
SINGAPORE (Sept 22): Allied Technologies is hoping to raise about $33.8 million via a new share placement to private investors.
September 22, 2017