Procurri Corporation

KGI initiates 'neutral' on Procurri on valuation upside albeit minimal share price catalysts - THE EDGE SINGAPORE

Broker's Calls

KGI initiates 'neutral' on Procurri on valuation upside albeit minimal share price catalysts

KGI Research has proposed a target price of 38 cents on the counter.
Novo Tellus says offer price for Procurri partial offer is final - THE EDGE SINGAPORE

Offer

Novo Tellus says offer price for Procurri partial offer is final

Novo Tellus says that the offer price of 36.5 cents per share is final, except in the case of a “competitive situation”.
Procurri receives voluntary conditional cash partial offer from Novo Tellus at 36.5 cents per share - THE EDGE SINGAPORE

Offer

Procurri receives voluntary conditional cash partial offer from Novo Tellus at 36.5 cents per share

The offer price represents 32.7% premium to the closing price of 27.5 cents on Mar 10.

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 discussions on the matter.

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 than treasury shares and shares held by substantial shareh

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.
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