Serial Achieva Limited Establishes Joint Venture Company in Vietnam

Serial Achieva Limited (SAL), incorporated in Labuan, Malaysia, has announced the completion of the incorporation of a joint venture company, Achieva Vietson Co., Ltd, in partnership with Viet Son Informatic Joint Stock Company (Vietson).

Key Highlights

• Joint Venture Agreement (JVA): The JVA between SAL and Vietson was announced on 25 August 2025 and has now culminated in the successful formation of Achieva Vietson Co., Ltd.
• Ownership Structure: SAL holds a 49% stake in the new joint venture, amounting to an investment of US\$49,000, fully funded through internal resources.
• Capital Impact: The company has stated that this investment is not expected to have any material impact on the net tangible assets per share or earnings per share of SAL and its group for the financial year ending 31 December 2026.
• Independence of Directors and Shareholders: According to the Board, none of the Directors or, to their knowledge, any of the controlling shareholders of the company (as defined in the Listing Manual) has any direct or indirect interest in this transaction, apart from their shareholdings in the company, if any.
• Regulatory Review: The announcement has been reviewed by the company’s sponsor, RHT Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The Exchange assumes no responsibility for the contents of the announcement.

Potential Implications for Shareholders

• Strategic Expansion: This development marks SAL’s entry into the Vietnamese market through a joint venture, suggesting a potential for future business growth and regional expansion.
• Financial Impact: The initial investment is modest relative to the company’s size and is not expected to significantly affect short-term financial metrics. However, depending on future performance and market opportunities in Vietnam, this joint venture could contribute to long-term growth.
• No Immediate Price Sensitivity: Since the transaction is not expected to have a material impact on earnings or net assets in the near term, and there are no undisclosed interests among directors or controlling shareholders, the news is unlikely to be immediately price-sensitive.

Details for Further Reference

The executive director and CEO, Goh Si Hui Victoria, signed off on the announcement on 27 February 2026. For further information, shareholders can contact the company’s sponsor, RHT Capital Pte. Ltd., at [email protected].

Conclusion

While the joint venture represents a strategic move into a new market, the relatively small scale of the initial investment and the lack of immediate financial impact suggest that there are no material changes expected to near-term shareholder value or share price. Investors should monitor subsequent developments and performance updates from the joint venture for any future material financial effects.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. The information is based on the company’s official announcement and has not been independently verified. Investors should conduct their own research or consult a professional advisor before making investment decisions.

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