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.

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.

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.

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.

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

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.

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.

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.

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).

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.
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