Audience Analytics Limited Completes Strategic Acquisition of 30% Stake in VeecoTech Holdings Sdn. Bhd.

Key Highlights for Investors

• Completion of Acquisition: Audience Analytics Limited, via its wholly-owned subsidiary Business Media International Sdn. Bhd., has successfully completed the acquisition of a 30% stake in VeecoTech Holdings Sdn. Bhd. This marks a significant strategic move, as VeecoTech now becomes an associated company of the Group.
• Legal and Financial Formalities: The transaction was executed under a Sale and Purchase Agreement (SPA), with all related terms and conditions now fulfilled. The Purchaser has been formally registered as the holder of the Sale Shares.
• Shareholders’ Agreement: The Shareholders’ Agreement has come into effect from the completion date, ensuring clear governance and operational alignment between Audience Analytics Limited and VeecoTech Holdings Sdn. Bhd.
• Issuance of Initial Consideration Shares: The vendors of VeecoTech will receive Initial Consideration Shares, which are to be allotted and issued within 60 days from the completion date of the acquisition. The company has committed to making a further announcement upon the actual allotment and issuance of these shares, an event that could impact the company’s share structure and potentially affect share price in the near term.

Details Shareholders Should Note

• Potential Impact on Share Value: The completion of this acquisition and the upcoming issuance of consideration shares are significant corporate actions. The integration of VeecoTech as an associate company could have financial and strategic implications, possibly enhancing the Group’s capabilities in technology and digital solutions, which could, in turn, drive future earnings growth and investor interest.
• Price Sensitivity: The announcement regarding the actual allotment and issuance of the Initial Consideration Shares may be price-sensitive. Shareholders should monitor further disclosures, as any dilution or strategic benefit from the acquisition may influence market sentiment and the company’s share price.
• Regulatory Oversight: The transaction has been reviewed by the company’s sponsor, ZICO Capital Pte. Ltd., but it is important to note that the Singapore Exchange Securities Trading Limited (SGX-ST) has not examined or approved the contents of the announcement and assumes no responsibility for its accuracy.
• Contact Point: For further information, the company’s sponsor contact is Ms. Leong Huey Miin, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, Tel: (65) 6636 4201.

What This Means for Investors

The acquisition of a strategic stake in VeecoTech Holdings Sdn. Bhd. positions Audience Analytics Limited to benefit from potential synergies in technology, digital transformation, and expanded business opportunities. The progression from announcement to completion highlights the Group’s commitment to growth and diversification.

Investors should stay alert for the next announcement regarding the issuance of Initial Consideration Shares, as any movement in shareholding structure or anticipated operational synergies could be reflected in the Group’s market valuation.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The information is based on public disclosures by Audience Analytics Limited and may be subject to change without notice. Investors are encouraged to consult their financial advisors before making any investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this report.

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