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Asia Vets Holdings proposes to acquire digital financial services group AlDigi Holdings for S$45 million via Reverse Takeover

The Proposed Acquisition will permit Asia Vets Holdings to capture chances in the rapid-escalating monetary and technological know-how organization and reach bigger earnings concentrations along with their existing small business

SINGAPORE, Jan 3, 2022 – (ACN Newswire) – Catalist-listed Asia Vets Holdings Ltd. (“Asia Vets Holdings”, the “Business”, and with each other with its subsidiaries, the “Group”) has entered into a conditional sale and acquire agreement (“SPA”) with RHT AlDigi Financial Holdings Pte. Ltd. (“Vendor”) and AlDigi Holdings Pte. Ltd. (the “AlDigi Group” or the “Target”) on 30th December 2021 to purchase from the Vendor 100% of the standard shares in the issued and compensated-up share capital of the Goal (the “Proposed Acquisition”).

Tan Chong Huat, Chairman of RHT Team of Corporations, Tan Tong Guan, Government Chairman and Chief Govt Officer of Asia Vets Holdings Ltd., and Jayaprakash Jagateesan, Chief Executive Officer of AlDigi Holdings Pte. Ltd. at the signing ceremony. [L-R]

The S$45 million thing to consider for the Proposed Acquisition shall be happy by way of allotment and issuance of 335,436,357 new ordinary shares (“Thought Shares”) in the cash of the Business at the difficulty selling price of around S$.13415 per Consideration Share. The Proposed Acquisition, topic to, inter alia, the approval of the Company’s shareholders, adds an more profits stream as nicely as an prospect to diversify the Group’s portfolio of firms. The Business also thinks that the Proposed Acquisition has the potential to improve the current market capitalisation and widen the trader foundation of the Company.

Mr Tan Tong Guan, Asia Vets Holdings Government Chairman and Chief Govt Officer, said, “We have been actively checking out a variety of acquisition prospects to maximise value for shareholders and enable the Organization to achieve better revenue stages. The Proposed Acquisition, when concluded, is expected to permit us to capture alternatives inside the quick-growing monetary and know-how business and we are confident of the industry’s significant lengthy-term development potential customers.”

The Target’s subsidiaries are electronic finance and know-how company RHT DigiCapital Pte. Ltd., intellectual residence consultancy RHT i-Assets Advisory Pte. Ltd., and its proposed subsidiary, cash markets advisory agency RHT Capital Pte. Ltd. (collectively with the Focus on, the “Focus on Group”).

The Proposed Acquisition will permit the Company to make on the Target Group’s founded continuing sponsorship and licenced company finance company to create new electronic methods to serve both of those standard and electronic finance marketplaces.

Mr Jayaprakash Jagateesan, AlDigi Team Main Executive Officer, reported, “We have produced a fintech platform to reshape the funds marketplaces to turn out to be the gateway to various digital property and investments, constructed on a commitment to boosting efficiency, accessibility and equivalent opportunity across funds marketplaces and choice investments. The Proposed Acquisition will further accelerate our endeavours to produce new modern products to seize the quick-developing digital stability token financial system with a target on actual estate, non-fungible tokens, and environmental, social and governance investments.”

Put up-completion of the Proposed Acquisition, the Group will proceed to possess and function its veterinary business enterprise.

This media launch is to be study in conjunction with the comprehensive textual content of the Firm’s announcement dated 30 December 2021 produced on SGXNET, in relation to the proposed acquisition.

About Asia Vets Holdings Ltd. (SGX:5RE) (www.asiavets.com)

Asia Vets Holdings Ltd. (the “Business”), by means of its wholly-owned subsidiary, AVH Animal Ark Pte. Ltd. (with each other with the Enterprise, the “Group”), delivers veterinary treatment and medical providers to little animals in Singapore.

The Team at this time operates two veterinary clinics giving a full range of normal veterinary services which include clinical, surgical and dental care for small animals and just after-hrs unexpected emergency solutions.

About AlDigi Holdings Pte. Ltd. (www.aldigi.co)

The AlDigi Group brings together verified skills and deep knowledge throughout cash markets, blockchain engineering and mental house to deliver following-gen electronic finance options by the next subsidiaries/ proposed subsidiaries:
– RHT Funds
– RHT DigiCapital
– RHT i-Assets Advisory

The AlDigi Team leverages its tested proprietary institutional grade engineering to provide electronic asset options throughout many asset classes and sought-following option financial commitment products. As part of the One RHT ecosystem of multidisciplinary experienced products and services, the AlDigi Group has obtain to a vast selection of experience which include sustainability to add worth to its digital asset remedies.

Issued on behalf of Asia Vets Holdings Ltd.
For media enquiries, you should get in touch with:
Elliot Siow
Communications Supervisor
RHT Communications & Trader Relations Pte. Ltd.
DID: +65 6381 6347
E-mail: [email protected]

This announcement has been geared up by the Enterprise and its contents have been reviewed by the Company’s sponsor, ZICO Money Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Trade Securities Trading Minimal (the “SGX-ST”) Listing Handbook Part B: Policies of Catalist.

This announcement has not been examined or accredited by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, like the correctness of any of the statements or views produced or stories contained in this announcement.

The contact particular person for the Sponsor Ms Alice Ng, Director of Continuing Sponsorship, ZICO Cash Pte. Ltd. at 8 Robinson Highway, #09-00 ASO Constructing, Singapore 048544, telephone +65 6636 4201.

Supply: Asia Vets Holdings

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