Procurri Corporation

M&A

Proccuri receives bid for parts of its business

SINGAPORE (Nov 5): Procurri Corporation, which trades used IT equipment, has received an unsolicited, nonbinding Letter of Intent from a third party to acquire some of the assets of its business.

Results

Procurri Corp posts 75% higher 1Q earnings of $1.75 mil on higher revenue & margin

SINGAPORE (May 2): Procurri Corporation reported a 75% rise in 1Q19 earnings to $1.75 million from $1 million previously, due to higher revenue and gross profit margin.  

Results

Procurri swings back to profitability in FY18 on stronger margins

SINGAPORE (Feb 26): Procurri Corporation, the global data centre services company, reported earnings of $5.3 million in FY18, reversing from a loss of $2.7 million in FY17.

Update

Second potential offeror rescinds expression of interest to acquire Procurri less than 24 hours later

SINGAPORE (Feb 8): Procurri Corporation says the second potential offeror to express interest in acquiring the company after New State Capital Partners LLC has now decided to terminate further disc

M&A

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%.

Procurri reveals PE firm New State Capital Partners as interested offeror

SINGAPORE (Feb 4): Procurri Corporation has received a non-binding letter of intent (LOI) from New State Capital Partners LLC for the proposed acquisition of all the shares of the company -- other

M&A

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.

Results

Procurri reports significantly higher 3Q earnings of $1.42 mil

SINGAPORE (Nov 9): Procurri Corporation, the provider of lifecycle services and data centre equipment, reported 3Q18 earnings ended Sept of $1.42 million, up significantly from $14,000 in 3Q17.

M&A

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.

Results

Procurri's 1Q earnings grow sixfold to $1 mil on higher segment margins

SINGAPORE (Apr 25): Procurri Corp saw its earnings for 1Q18 grow sixfold to $1 million from $164,000 a year ago on higher revenue which mainly resulted from its higher-margin lifecycle services bus

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