DeClout

Procurri up 6.5% after saying it received second unsolicited expression of interest to acquire company

SINGAPORE (Feb 7): Shares in Procurri Corporation, the Mainboard-listed enterprise hardware supplier, are up 2 cents or 6.2%.

This follows its Thursday morning announcement that it has received a second unsolicited, non-binding expression of interest from a third party to acquire the company through a possible voluntary general offer.

As at 11.07am, shares in Procurri are trading at 33 cents with 0.5 million units traded.

Procurri says interested third party still mulling general offer for company

SINGAPORE (Jan 7): Procurri Corp said the interested third party who made an offer on Sept 7, 2018, to acquire the company through a possible voluntary general offer is still mulling the deal.

Procurri says due diligence by interested party ongoing

Procurri says due diligence by interested party ongoing

SINGAPORE (Oct 8): Procurri Corporation, a 46.83% held portfolio company of DeClout, announced that due diligence by the interested third party is still ongoing.

in addition, no definitive agreements have been entered into and there is no certainty that the possible transaction will be consummated.

On Sept 7, Procurri announced that the company had received an unsolicited, non-binding indication of interest from the third party to acquire shares of the company by way of a possible voluntary general offer.

DeClout Ventures invests $0.5 mil in video analytics specialist

SINGAPORE (Sept 28):  has invested in its very first video analytics company.

DeClout Ventures, a JV company of the group, is providing up to $500,000 in funds to Vi Dimensions to accelerate its expansion plans in the US and Europe.

Founded in 2015 by Raymond Looi and Dr Christopher Tay, homegrown Vi Dimensions has deep domain expertise in video surveillance and analytics.

DeClout's vCargoCloud to integrate platform services with RSTrade for Singapore-Russia trade opportunities

SINGAPORE (Sept 20): DeClout’s 50.01%-owned subsidiary vCargo Cloud (VCC) has signed a co-operation agreement with Russia-based LLC RSTradehouse (RSTrade) to expand trade opportunities between companies in Russia and Singapore, including through the integration of their respective platforms’ services.

DeClout’s vCargo Cloud to help launch blockchain-based electronic certificates of origin in Kenya

SINGAPORE (June 13): DeClout’s 50.01% subsidiary vCargo Cloud (VCC) is helping to to launch blockchain-based electronic certificates of origin (eCO) in Kenya.

Certificates of Origin (COs) are international trade documents used to certify that goods in a specific shipment have been wholly obtained, produced, manufactured or processed in the stated country.

Through VCC’s blockchain-based eCO platform, processing of COs will be hosted on a tamper-proof distributed ledger, which can then be authenticated and accessed by various stakeholders of the platform.

DeClout chairman receives 'disturbing' Whatsapp message ahead of Apr 30 AGM

SINGAPORE (Apr 28): Technology firm DeClout says its chairman and group CEO Vesmond Wong Kok Khun, on Tuesday received a “disturbing” Whatsapp message containing demands for Wong’s resignation and threats if he did not do so.

In a Saturday announcement, the group recounts that Wong had met the sender of the message, Lloyd Moffatt, on two occasions where he introduced himself as the director of Singapore-based fundamental value advisor, Wickhams Hill Capital.

Founder of Fission Property Melvin Poh emerges as Declout's second-largest shareholder

SINGAPORE (Apr 23): Declout announced that Melvin Poh, the founder and managing director of local property group, Fission Group, has emerged as its second-largest shareholder.

Poh acquired 78.15 million shares in DeClout, which were held by the previous second-largest shareholder Wong Poh Leng, in an off-market transaction on Apr 17 for 11.8 cents per share. The acquisition price represents a premium of 35.6% over the closing price on Apr 13.

Over the next three days, Poh acquired a further 2.648 million shares at an average of 9.0 cents per share from the open market.

DeClout portfolio company acquires Indonesian logistics firm for $1.1 mil and loan

SINGAPORE (Apr 18): Integrated e-trade solutions provider vCargo Cloud (VCC), a portfolio company of DeClout, is acquiring a 60%-stake in Indonesian integrated logistics player PT Gatotkaca Trans Systemindo (GTS) for US$0.85 million ($1.1 million).

As part of the payment terms, VCC will also loan US$545,000 to GTS.

DeClout in $10 mil loan agreement secured by 46.8% stake in Procurri

SINGAPORE (Apr 12): Mainboard technology company DeClout has entered into a $10 million loan agreement with six investors.

The loan are secured by DeClout's entire 46.8% stake or 132 million shares in subsidiary Procurri Corp.

DeClout says the loans would be used for business expansion of subsidiaries Beaqon and vCargo Cloud which are also acting as corporate guarantees for the loan.

The lenders were introduced to DeClout by Xander Capital, which will get 1% of $10 million once the loan has been drawn down.

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