Goodwill Entertainment Acquires Funtech Solutions to Accelerate Tech Transformation and Expand B2B Opportunities in Southeast Asia

Goodwill Entertainment Holding Limited Announces Strategic Acquisition of Funtech Solutions

Goodwill Entertainment Holding Limited (SGX: GEH) has announced a significant move to accelerate its technology transformation by acquiring 100% of Funtech Solutions Pte. Ltd. for a total consideration of S\$4.0 million. This strategic acquisition is poised to reshape Goodwill’s business model, positioning the Group as a fully integrated lifestyle technology ecosystem and unlocking new revenue streams across Southeast Asia.

Key Highlights of the Acquisition

Acquisition Structure: Goodwill will pay S\$4.0 million for Funtech, with 75% (S\$3.0 million) satisfied via the issuance of 20,000,000 new ordinary shares at S\$0.15 per share, and the remaining 25% (S\$1.0 million) paid in cash. This structure conserves Goodwill’s cash resources and demonstrates prudent capital management.
Valuation: The purchase price represents approximately six times Funtech’s FY2025 net profit after tax (S\$0.67 million), and was agreed upon via arm’s length negotiations, reflecting both parties’ confidence in the value and growth prospects of Funtech.
Shareholder Impact: The new shares issued to satisfy part of the consideration will represent about 4.82% of Goodwill’s enlarged share capital post-completion. These shares are subject to a six-month voluntary moratorium, indicating the vendors’ long-term alignment with Goodwill’s corporate trajectory.

About Funtech Solutions

Market Position: Funtech is a leading entertainment technology company in Singapore, specializing in advanced audio-visual (AV) solutions. It is an authorized seller for one of China’s largest karaoke equipment manufacturers and one of only eight commercial karaoke suppliers recognized by Music Rights (Singapore) Public Limited.
Regional Presence: Funtech owns Edit Labs IT Solutions Sdn. Bhd. in Malaysia, expanding its reach and mirroring its business model regionally.
Financials: For FY2025, Funtech recorded a net profit after tax of S\$0.67 million and net assets of S\$0.53 million.

Strategic Rationale and Potential Share Price Impact

Technology Integration: By bringing Funtech’s AV software and technology capabilities in-house, Goodwill will institutionalize tech-enabled solutions across its core brands (“HaveFun Family Karaoke” and “HaveFun Live Show”). This includes AI-driven tools, automated reservation and payment gateways, and integrated POS systems, boosting customer satisfaction and operational productivity.
B2B Revenue Diversification: Goodwill will leverage Funtech’s established business model to provide turnkey entertainment solutions, song-ordering systems, and software integrations to third-party operators in Singapore, Malaysia, and Southeast Asia. This unlocks new and recurring B2B revenue streams, potentially enhancing earnings and supporting share value.
Operational Synergies: Funtech’s expertise in venue fit-out, equipment supply, and technical maintenance aligns with Goodwill’s operational needs. The acquisition is expected to streamline project delivery and generate cost efficiencies across Goodwill’s outlet network.

Shareholder Considerations

This acquisition transforms Goodwill from primarily a consumer-facing hospitality business to a tech-enabled lifestyle ecosystem. The integration of backend intellectual property with Goodwill’s strong retail branding is likely to enhance innovation and profitability.
The issuance of new shares, while dilutive, is offset by the long-term value creation expected from technology integration and regional expansion.
The vendors’ voluntary moratorium on their newly issued shares underscores confidence in Goodwill’s future direction and reduces immediate selling pressure, supporting share price stability.
The acquisition creates new B2B opportunities, expanding Goodwill’s addressable market and revenue base.
Given the forward-looking nature of the strategic shift and potential for earnings growth, this announcement is price sensitive and could positively affect Goodwill’s share value.

About Goodwill Entertainment

Founded in 2016, Goodwill operates multi-entertainment concepts under brands like “HaveFun Family Karaoke”, “FATEbyhavefun”, and “HaveFun LiveShow”. The Group manages 11 karaoke outlets, a flagship dance club at Cineleisure Orchard, and innovative live entertainment venues in Bugis+ and Kuala Lumpur, featuring immersive experiences with live DJ acts and performances. In 2026, Goodwill expanded its F&B offerings, launching “Sticks N Stones” (a contemporary Izakaya-style gastro-bar) and “Bloom & Boom” (a dual-concept floral café/cocktail bar).

Goodwill’s venues cater to a broad demographic with diverse entertainment options, quality AV setups, and themed events, continuously reshaping Singapore’s entertainment landscape.

Management Commentary

Mr. Flint Lu, Executive Chairman and CEO, stated: “This acquisition marks an important milestone for Goodwill. Funtech is a business we know exceptionally well, and bringing their deep technological expertise fully in-house shifts Goodwill from a consumer-facing hospitality concept to a tech-enabled lifestyle ecosystem. By combining our robust retail brand equity with Funtech’s backend intellectual property, we are uniquely positioned to innovate our experiential formats within Singapore and commercially export these end-to-end entertainment solutions into high-growth regional markets.”

Investor Relations Contact

Ms Emily Choo
Mobile: +65 9734 6565
Email: [email protected]

Disclaimer

This article is for informational purposes only and does not constitute an offer or solicitation to buy, sell, or subscribe to any securities. The information may contain forward-looking statements subject to risks and uncertainties. Actual results may differ materially. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions.

中文版本

Goodwill Entertainment Holding Limited宣布收购Funtech Solutions，迈向科技驱动娱乐生态

Goodwill Entertainment Holding Limited（新交所代码：GEH）宣布将以总价新币400万元收购Funtech Solutions Pte. Ltd.全部股权，全面加速集团的科技转型。这一战略举措将推动Goodwill从传统消费型娱乐业务转向科技驱动的生活方式生态系统，并在东南亚解锁新的收入来源。

收购要点

收购结构：Goodwill将以新币400万元收购Funtech，75%（新币300万元）通过发行2,000万新普通股（每股新币0.15元）支付，剩余25%（新币100万元）以现金支付。这一结构有助于集团节约现金，展现审慎的资本管理。
估值：收购价约为Funtech 2025财年税后净利润（新币67万元）的六倍，双方通过公平谈判达成，体现了对Funtech价值及成长潜力的信心。
对股东影响：新发行股份约占收购完成后Goodwill增发股本的4.82%。这些股份将自发行日起六个月自愿锁定，显示卖方对集团长期发展的认同。

关于Funtech Solutions

市场地位：Funtech是新加坡领先的娱乐科技公司，专注于先进音视频（AV）解决方案。是中国最大卡拉OK设备制造商授权经销商之一，也是新加坡音乐版权公司认可的八家商业卡拉OK供应商之一。
区域布局：Funtech在马来西亚拥有全资子公司Edit Labs IT Solutions Sdn. Bhd.，业务模式一致，区域扩展显著。
财务表现：2025财年税后净利润新币67万元，净资产新币53万元。

战略意义与股价影响

科技整合：Funtech的AV软件技术能力将推动Goodwill在旗下品牌（如“HaveFun Family Karaoke”、“HaveFun Live Show”）实现技术升级，包括AI工具、自动预订与支付系统、集成POS系统，提升客户体验和内部效率。
B2B收入多元化：Goodwill将利用Funtech现有业务模式，向新加坡、马来西亚及东南亚第三方运营商提供一站式娱乐场所解决方案、点歌系统及软件集成，带来新及持续性B2B收入。
运营协同：Funtech在场地装修、设备供应和技术维护等方面的能力将与Goodwill自身需求高度契合，预计可提升项目交付效率、降低长期成本。

股东关注事项

此次收购将Goodwill从传统消费娱乐转型为科技驱动生活方式生态，整合后端知识产权和前端品牌，有望提升创新和盈利能力。
新增股份虽有摊薄效应，但科技整合和区域扩展带来的长期价值有望抵消影响。
卖方自愿锁定股份六个月，表明对集团前景的信心，减少市场短期抛售压力，有助于股价稳定。
收购将开拓新的B2B市场，扩大收入基础。
鉴于战略转型和盈利增长潜力，此消息具有价格敏感性，有望正面影响Goodwill股价。

关于Goodwill Entertainment

Goodwill成立于2016年，在新加坡运营多元娱乐概念，包括“HaveFun Family Karaoke”、“FATEbyhavefun”、“HaveFun LiveShow”等品牌。集团拥有11家卡拉OK门店，Cineleisure Orchard旗舰舞厅，以及新加坡Bugis+和吉隆坡The Arch Galeries创新现场娱乐场所。2026年，Goodwill进一步扩展餐饮业务，推出“Sticks N Stones”（现代居酒屋）和“Bloom & Boom”（花艺咖啡/鸡尾酒吧双概念）。

Goodwill的场所覆盖广泛客群，提供多元娱乐、优质音视频体验和主题活动，持续引领新加坡娱乐业变革。

管理层评论

董事会主席兼CEO Flint Lu表示：“此次收购是Goodwill的重要里程碑。我们非常了解Funtech，将其深厚科技专长引入集团，将Goodwill从消费娱乐转型为科技驱动生活方式生态。在整合我们的品牌资产与Funtech后端知识产权后，我们有望创新新加坡体验模式，并将一站式娱乐解决方案出口至高增长区域市场。”

投资者关系联系方式

Emily Choo
手机：+65 9734 6565
邮箱：[email protected]

免责声明

本文仅供参考，不构成任何证券买卖或认购建议。信息可能包含前瞻性声明，受风险和不确定性影响，实际结果或与预测有重大差异。投资者应自行尽职调查，并咨询专业顾问后再作投资决定。