ASX-listed e-commerce company Ensogo Ltd has managed to raise another A$38 million (US$29.7 million) from institutional investors, by issuing 183 million new shares.
Singtel said it has formally requested approval from ASX Limited to remove its listed securities, in the form of Chess Depositary Interests (CDIs), from the official list of the Australian Securities Exchange (ASX).
KL-based company Flexiroam Ltd said it is seeking to raise up to A$12 million (US$9.4 million) through an initial public offering (IPO) on the Australian Securities Exchange (ASX).
ASX-listed venture investment firm Fatfish Internet Group Ltd (FFG) said that iCandy Interactive Ltd, an intended spinoff of its mobile games assets which it aims to publicly list, will have a revised enterprise value (EV) of approximately A$40 million (US$31 million).
Internet venture accelerator Fatfish plans to spin off its mobile games studio investments as a separate entity, and subsequently list it on ASX, writes Goh Thean Eu.
ASX-listed Ensogo Ltd said it has entered into an agreement with WF Asian Reconnaissance Fund Limited (Ward Ferry, a fund managed by Ward Ferry Management) for the placement of 58,823,530 new Ensogo shares to Ward Ferry at a price of 17 Australian cents (US 13 cents) per share.
ASX-listed and Kuala Lumpur-based iProperty Group Ltd said it has acquired Thai-based real estate portal ThinkOfLiving.com, which would further expand its market presence in Asia.
E-commerce company Ensogo Ltd, formerly iBuy, said it has secured a strategic investment from China’s online discount retailer Vipshop Holdings Ltd. Vipshop will take a 12.2% stake in Ensogo by being issued with primary shares.
Ensogo, formerly known as iBuy, has moved to downsize its operations across the region with significant numbers of staff being laid off in multiple markets.
Automotive online classifieds company iCar Asia Ltd has agreed to buy One2Car, Thailand’s largest online classified site, for A$16.7 million, comprising A$13.4 million cash and A$3.3 million worth of new iCar shares.