The investment is made via Novo Tellus' second fund, Novo Tellus PE Fund 2. The post Novo Tellus Capital picks DeClout stake in Singapore’s Procurri Corp appeared first on DealStreetAsia.

chongkmc@sph.com.sg

CATALIST-listed DeClout has entered into an agreement to sell 36.3 million shares in Mainboard-listed Procurri Corp to independent third party Novo Tellus PE Fund 2 at S$0.33 per share, which will raise net proceeds of S$12 million.

SINGAPORE (Feb 8): Procurri Corporation says the second potential offeror to express interest in acquiring the company after New State Capital Partners LLC has now decided to terminate further discussions on the matter. The update comes less than 24 hours after Procurri had received its second, uns...

SINGAPORE (Feb 7): Shares in Procurri Corporation, the Mainboard-listed enterprise hardware supplier, are up 2 cents or 6.2%. This follows its Thursday morning announcement that it has received a second unsolicited, non-binding expression of interest from a third party to acquire the company throug...

TOKYO-LISTED Kyowa Exeo Corp has released the timeline in its buy-out bid for Catalist-listed technology firm DeClout, in an offer document put out by financial adviser KPMG on Monday.

A WHOLLY owned subsidiary of Tokyo-listed Kyowa Exeo Corporation has made a voluntary conditional cash offer to acquire Catalist-listed DeClout at S$0.13 per share in cash, the technology incubator said on Monday.

SINGAPORE (Jan 7): Procurri Corp said the interested third party who made an offer on Sept 7, 2018, to acquire the company through a possible voluntary general offer is still mulling the deal. Procurri says due diligence by interested party ongoing Procurri expects loss in FY17; announces long-term...

THE following companies saw new developments that may affect trading of their shares on Monday:

CATALIST-listed technology incubator DeClout said on Sunday that there could be a general offer for shares of the company by an independent third party.

CATALIST-listed DeClout has sold 48 million shares in Mainboard-listed Procurri Corp at S$0.32 per share to two independent third parties, raising net proceeds of S$15.2 million, it said on Friday.

THE following companies saw new developments that may affect trading of their shares on Tuesday:

DECLOUT on Monday said that it has signed a sale and purchase agreement to sell to Choo See Wee its full stake in e-commerce platform solutions provider Corous360, in return for a 12.5 per cent shareholding in Grand Centrex, an investment holding company owned by Mr Choo.