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Top related persons:
Antony Currie - 1 Katrina Hamlin - 1 VTAC - 1 17LIVE - 1 Jiang Hong Hui - 1 Adwitiya Srivastava - 1 Savio D'Souza - 1
Top related locs:
Singapore Taiwan Japan SINGAPORE Bengaluru
Top related orgs:
Technology - 2 Corp - 2 Temasek - 2 Thomson - 2 Vertex Venture Holdings - 1 Temasek . Companies - 1 Blackstone - 1 Vertex Technology - 1

Search resuls for: "17LIVE"


2 mentions found


☆ Temasek units put new spin on SPAC pass the parcel
  + stars: | 2023-10-03 | by ( ) www.reuters.com   time to read: +2 min
SINGAPORE, Oct 3 (Reuters Breakingviews) - Convincing companies to list in Singapore, the tiny Asian financial hub, has long been a tall order. Hopes that special-purpose acquisition companies would be able to help looked ill-timed: three listed on the city-state’s exchange in January 2022, just as its stock market peaked and the appeal of blank-cheque firms was waning. The SPAC is sponsored by Vertex Venture Holdings, a venture-capital firm indirectly owned by Temasek. The SPAC maintains that Temasek is not involved in the business or operational decisions of any of these entities. Investment firms like Blackstone (BX.N)have offloaded portfolio companies to SPACs in the past – just not usually to ones they set up.
Persons: Antony Currie, Katrina Hamlin Organizations: Reuters, Technology, Corp, Vertex Venture Holdings, Temasek . Companies, Temasek, Blackstone, Vertex Technology, Singapore Exchange, X, Thomson Locations: SINGAPORE, Singapore, Taiwan, Japan
☆ Singapore SPAC Vertex Tech to buy streaming platform for up to $676 mln
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
Oct 2 (Reuters) - Singapore's Vertex Technology Acquisition Corp (VTAC) (VERT.SI) will buy live streaming platform 17LIVE Inc for up to S$925.1 million (about $676 million), the special purpose acquisition company (SPAC) backed by state investor Temasek said on Monday. The pro-forma equity value of the proposed deal will be up to S$1.16 billion, VTAC said. "We see 17LIVE as a company at its inflection point, backed by a strong management bench," VTAC Chief Executive Jiang Hong Hui said. VTAC will issue up to 160.6 million new shares at S$5.00 each and another 24.4 million new shares once certain financial targets are met. ($1 = 1.3682 Singapore dollars)Reporting by Adwitiya Srivastava in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Persons: VTAC, 17LIVE, Jiang Hong Hui, Adwitiya Srivastava, Savio D'Souza Organizations: Technology, Corp, Temasek, 17LIVE, Thomson Locations: Japan, Taiwan, Singapore, Bengaluru
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