Serial Achieva Limited Announces Completion of Striking Off Joint Venture Company Achieva Tech Allianz Pte. Ltd.

Serial Achieva Limited (“the Company”), together with its subsidiaries (“the Group”), has announced the completion of the striking off of its joint venture company, Achieva Tech Allianz Pte. Ltd. (“ATA”), from the Register of Companies pursuant to Section 344 of the Companies Act, Cap. 50, in Singapore.

Key Highlights

• Termination of Joint Venture: The announcement follows the earlier disclosure on 28 February 2025 regarding the termination of the joint venture agreement with A-Speed Infotech Pte. Ltd.
• Successful Striking Off: Achieva Tech Allianz Pte. Ltd. has now been officially struck off, marking the end of the joint venture entity’s existence.

Details for Shareholders and Investors

• 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 financial year ending 31 December 2025. This suggests that the joint venture was not contributing significantly to the Group’s current financial performance.
• Related Party Interests: None of the directors or substantial shareholders of the Company has any direct or indirect interest in this transaction, apart from their shareholdings in the Company.
• Regulatory Review: The announcement has been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd., but not examined or approved by the Singapore Exchange Securities Trading Limited. The Exchange assumes no responsibility for the contents of this document.
• Contact for Queries: Investors or interested parties can direct inquiries to Mr. Josh Tan, the sponsor contact, at the provided address and email.

Potential Implications for Shareholders

• No Material Impact Expected: Given the Board’s statement that there is no material impact on net tangible assets or earnings per share, this development is considered not price sensitive and is unlikely to move the share price significantly in the short term.
• Strategic Focus: The completion of the striking off of ATA may reflect the Group’s ongoing efforts to streamline its business operations and focus on more profitable or strategic ventures.

Conclusion

For investors, the striking off of Achieva Tech Allianz Pte. Ltd. is a formal conclusion of a previously terminated joint venture. As there is no significant financial or operational impact anticipated, this announcement is primarily for corporate governance and compliance transparency.

Disclaimer: This article is prepared for informational purposes only based on the official announcement from Serial Achieva Limited. It does not constitute investment advice. Investors are advised to conduct their own research or consult with a qualified financial advisor before making investment decisions.

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