Key Highlights
- Joint Venture Termination Completed: Serial Achieva Limited (“the Company”) has completed the process of striking off Achieva Tech Allianz Pte. Ltd. (“ATA”), a joint venture company, from the Register of Companies pursuant to Section 344 of the Companies Act, Cap. 50.
- Background: This follows the earlier announcement on 28 February 2025 regarding the termination of the joint venture agreement with A-Speed Infotech Pte. Ltd.
- No Material Financial Impact: The Board has confirmed that the striking off of ATA is not expected to have any material impact on the Group’s net tangible assets or earnings per share for the current financial year ending 31 December 2025.
- No Director/Shareholder Interest: None of the directors or substantial shareholders of the Company has any interest, direct or indirect, in this transaction except through their shareholdings in the Company.
Details for Investors
Serial Achieva Limited has officially completed the process of dissolving its joint venture, Achieva Tech Allianz Pte. Ltd. This move is part of the Group’s ongoing efforts to streamline its operations and optimize its business portfolio. The dissolution follows the termination of the joint venture agreement with A-Speed Infotech Pte. Ltd., as previously announced.
The Board explicitly stated that the removal of ATA from the Register of Companies will not have a material effect on the Group’s net tangible assets or its earnings per share for the financial year ending 31 December 2025. This suggests that the joint venture was not a significant contributor to the Group’s overall financial performance.
Importantly, there are no conflicts of interest involved in this transaction, as none of the directors or substantial shareholders have any direct or indirect interest outside of their existing shareholdings.
The announcement has been reviewed by RHT Capital Pte. Ltd., the Company’s sponsor. However, it has not been examined or approved by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for the contents.
Potential Share Price Impact
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Neutral Financial Effect: Since the transaction is not expected to impact the Group’s tangible assets or earnings per share, there is unlikely to be a significant price-sensitive effect on the Company’s share value.
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Strategic Implication: The winding up of non-core or underperforming ventures may be seen as a prudent move by management to focus on more profitable or strategic areas of the business. While this is a positive sign of management discipline, no immediate material financial effect is anticipated.
Contact and Further Information
- Executive Director/CEO: Sim Mong Keang, Kenny
- Date of Announcement: 26 December 2025
- Sponsor Contact: Mr. Josh Tan, RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, Email: [email protected]
Disclaimer: This article is prepared for informational purposes only. It does not constitute an offer or solicitation to buy or sell any securities. Investors should make their own assessment and consult independent financial advisors before making investment decisions. The Singapore Exchange Securities Trading Limited does not take responsibility for the accuracy or correctness of the statements or opinions made.
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