Procurri

Procurri, led by CEO Mat Jordan, offers solutions that can provide a double bottom line advantage

Procurri's commitment to eco-friendly business trends keeps Jordan invested

Procurri plans to tap the network of its major shareholder, DeClout, to expand its market share in Asia

Procurri shareholders who have accepted the offer will have their shares returned

SINGAPORE (Mar 19): Private equity firm Novo Tellus will become its largest shareholder in Procurri, the SGX-listed provider of IT lifecycle services and data centre equipment.

SINGAPORE (Feb 19): Shares of Procurri Corporation fell on Tuesday morning after it announced that potential investor New State Capital Partners had withdrawn its acquisition offer.

SINGAPORE (Nov 19): Procurri Corporation is acquiring the remaining 49% stake it does not already own in US joint venture (JV) company, Rockland Congruity, for US$22 million ($30.2 million).

SINGAPORE (Mar 5): DeClout expects to reduce its losses over the course of the year and return to profitability in FY18 given there should be no further losses from Corous360 after restructuring, the absence of major impairments and exceptional items and

SINGAPORE (May 15): DBS is maintaining its “hold” call on Procurri with a revised target price of 32 cents as the company has yet to demonstrate better execution.

SINGAPORE (Nov 15): DBS Group Research is maintaining a “buy” call on Procurri with a target price of 56 cents, citing a potential acquisition in the works.