SEATech Ventures Corp. completed the acquisition of Just Supply Chain Limited from Lee Wai Mun, Tai Kau, Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei for $16.5 million.
October 12, 2023
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SEATech Ventures Corp. (OTCPK:SEAV) entered into an agreement to acquire Just Supply Chain Limited from Lee Wai Mun, Tai Kau, Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei for $17.46 million on July 12, 2023. Under the terms of agreement, SEATech Ventures will issue 21.83166 million restricted shares at $0.8 per share, the consideration was derived from an agreed valuation of $17.465328 million. The sellers in the transaction are Lee Wai Mun, Tai Kau, Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Khai Weei. Crowe Advisory Sdn Bhd acted as financial advisor to SEATech Ventures. As of August 14, 2023, acquisition is targeted to accomplish before end of September 30, 2023.
SEATech Ventures Corp. (OTCPK:SEAV) completed the acquisition of Just Supply Chain Limited from Lee Wai Mun, Tai Kau, Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei for $16.5 million on October 13, 2023.
SEATech Ventures Corp. is engaged in providing business mentoring services, nurturing and incubation services relating to client businesses and corporate development advisory services to entrepreneurs in the technology industry, but with a specific focus on the information and communication technology industry. Its advisory services include information and communication technology (ICT) Start-Up Mentorship Program, which assists tech-based entrepreneurs in solving ICT industry pain points caused by technical insufficiencies, inappropriate financial modelling, and weak strategic positioning within a competitive environment. Its solutions and services include mentoring, matchmaking and business opportunities, technology team, financial and corporate advisory team, and corporate program. The Company's subsidiary is SEATech Ventures (HK) Limited.
SEATech Ventures Corp. completed the acquisition of Just Supply Chain Limited from Lee Wai Mun, Tai Kau, Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei for $16.5 million.