Vividthree Holdings Ltd. (SGX: OMK), is pleased to announce that the controlling shareholders of established content creator, DarkBox Studio Pte Ltd (“DarkBox”) have accepted Vividthree’s expression of interest to acquire all or part of the shares of DarkBox (the “Proposed Acquisition”). Vividthree has been given an exclusive period until 10 February 2020 to discuss and negotiate for the Proposed Acquisition.
DarkBox and Vividthree recently collaborated to launch the revolutionary Over-The-Top (“OTT”) comic video platform – ComicVid on 7 December 2019. The Proposed Acquisition is expected to provide the Group with more IP titles to increase its revenue stream.
- Proposed investment in 55.0% of the enlarged issued share capital of Jaga-Me Pte. Ltd. for S$3.5 million
- Investment allows Alliance Healthcare to expand its holistic patient care delivery through mobile health capabilities and a scalable digital platform
Alliance Healthcare Group Limited (SGX: MIJ), an integrated healthcare organisation that leverages on technology to provide a broad suite of healthcare services primarily in Singapore (“Alliance Healthcare” or the “Company”, and together with its subsidiaries, the “Group”), is pleased to announce that its wholly-owned subsidiary, Alliance Healthcare Pte. Ltd. (“AHPL”) has entered into a sale and purchase agreement (“SPA”) with the vendors and a share subscription agreement (“SSA”) with Jaga-Me Pte Ltd (”Jaga-Me”) and the founders, namely Koo Ming Sheng, Julian and Kuah Ling Ling, to invest in 55.0% of Jaga-Me’s enlarged issued share capital. The transaction will be carried out via the purchase of existing vendor shares and the subscription of new shares in the capital of JagaMe for a cash consideration of approximately S$1.5 million and S$2.0 million respectively (collectively, the “Proposed Investment”).
Executive Chairman and CEO of Alliance Healthcare, Dr Barry Thng Lip Mong (唐立茂) commented, “The Group is thrilled to welcome Jaga-Me onboard. The Proposed Investment enables the Group to seamlessly deliver quality healthcare to all patients, including rapidly ageing population, which is line with our growth strategy. Through this strategic investment, it allows us to further tap on Jaga-Me’s proprietary digital healthcare platform and extensive network of medical professionals to augment our business expansion. We look forward to exploring in-depth synergies with Jaga-Me as we continue to provide differentiated and cost-effective healthcare solutions for diverse medical needs, such as hospitalization, critical illness care, and chronic care.”
Invest-101 Free Ebook
Robo advisors, Regular share savings plan, DIY Investing?
With so many investment options out there, which is the best one for a beginner investor?
Find out more from our free e-book designed for the beginner investor in mind.
Happy Reading and Investing! And Merry Christmas!
Synagie Corporation Ltd. (SGX: V2Y), Southeast Asia’s leading e-commerce enabler is pleased to announce today that it has launched its Multi-channel Cross-Border eCommerce Solution to help local small and medium-sized enterprises (“SMEs”) adopt crossborder e-Commerce. As part of this initiative, Synagie has also entered into a partnership with Nanyang Polytechnic’s Singapore Institute of Retail Studies (“NYP-SIRS”), to provide certified e-commerce training for employees of SMEs who adopt its cross-border solutions.
Singapore SMEs that adopt Synagie’s Multi-channel Cross-Border e-Commerce Solution (“MICES”) from 1 November 2019 will receive 70% subsidy off Synagie’s first year fees of S$20,000 through Enterprise Singapore’s support. To be eligible for this, employees of qualifying SMEs need to attend e-commerce training courses, run by NYP-SIRS supported by SkillsFuture Singapore.
Executive Director of Synagie, Ms Olive Tai commented, “We are grateful to the respective authorities for working with us to help our local SMEs embrace the digital economy and expand sales globally. We are confident that these SMEs will benefit from this first-ofits-kind package that allows them to bring their businesses online, provide the relevant training for their employees as well as get access to our self-served cloud-based solutions, to help them effectively manage and scale up their businesses digitally across borders.”
Vividthree Holdings Ltd. (SGX: OMK) is pleased to announce that the Group has entered into a collaboration with established content creator, DarkBox Studio and well-known Korean webtoons pioneer – Lezhin Comics’ subsidiary for film/tv production, LEZHIN STUDIO to unveil the revolutionary Over-The-Top (“OTT”) comic video platform – ComicVid, which will be officially launched during ‘Singapore Comic Con 2019’ on 7 December 2019.
ComicVid – a multi-language OTT comic video platform that targets comic enthusiasts and techsavvy millennials in the region. Enhancing webcomics with motions and sound effects, ComicVid breathes life into the still artwork. This platform will facilitate talented comic creators to bring their characters to life, by transforming their creations into a video-like viewing experience. ComicVid allows comic creators to publish and share their creations globally, providing an avenue for them to eventually monetise their creations through potential opportunities of merchandising, cartoon series, feature films and various commercial initiatives. The platform will feature a diverse range of illustrious webcomic titles contributed by renowned content creators – one of which is the popular hit by DarkBox called ‘Silent Horror’ that has accumulated a total of 90 million views. ComicVid will be available for download on Google Play store (Android) during launch, followed by App store (IOS) on a later date. The platform will be released in Singapore and subsequently other parts of the region including Korea by 2020.