Procurri

M&A

Novo Tellus investor group is now 29.6% shareholder of Procurri

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.

Update

Procurri falls 9.7% to 28 cents as New State also withdraws acquisition offer

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Procurri Corporation fell on Tuesday morning after it announced that potential investor New State Capital Partners had withdrawn its

Buyout

Procurri acquires remaining 49% stake in Rockland JV for US$22 mil

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).

DeClout expects to return to profitability in FY18

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, t

Broker's Calls

Procurri held back by higher costs, poor execution of newly acquired businesses

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.

Broker's Calls

Procurri’s bumpy ride may smoothen out with more acquisitions

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.

Results

Declout reports 3Q losses of $3.3 mil on Procurri IPO costs

SINGAPORE (Nov 10): Declout reported a $3.3 million loss for 3Q16 driven mainly by Procurri’s listing expenses of $2.2 million.

Procurri acquires UK-based EAF Supply Chain for $2.6 mil

SINGAPORE (Nov 8): Procurri has announced its first post-IPO acquisition of UK-based EAF Supply Chain for $2.6 million by its UK subsidiary, Procurri UK.

Broker's Calls

Declout’s no flash in the pan; plans for growth after spinoffs

SINGAPORE (Nov 1): NRA Capital is maintaining its “overweight” call on Declout with a fair value of 34 cents after management outlined plans to grow its remaining businesses organically and inorgan

Broker's Calls

After Procurri and Acclivis, there is still Beacon, Corous 360 and vCargo Cloud for this company

SINGAPORE (Oct 17): DeClout has proven its expertise in growing and spinning off tech companies since its 2012 Catalist listing, according to a unrated report by Maybank Kim Eng.

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