News & Events zu Acco Group Holdings Ltd (ACCL)ACCLAcco Group Holdings Ltd

Acco Group Expands Corporate Services in Singapore

Acco Group Holdings Limited announced the expansion of the Company's Singapore subsidiary, Accolade IP PTE. LTD., into the regional Corporate Service Provider sector, following the official receipt of the Corporate Service Provider license from Accounting and Corporate Regulatory Authority of Singapore. With an expanded and operational CSP services team in Singapore consisting of seasoned local CSP professionals, Accolade IP PTE. LTD. is positioned to deliver comprehensive corporate secretarial, regulatory compliance, entity management, and governance advisory services to local, regional, and multinational clients. "Securing our CSP license in Singapore represents a pivotal milestone in the Company's global growth strategy," said Mr. Cheung Po, LUI, Chief Executive Officer of the Company. "By expanding our licensed and fully operational CSP team in Singapore-the primary enterprise hub of the region-we are uniquely positioned to address the expanding US$ 2+ billion corporate secretarial market across Singapore, Malaysia, Southeast Asia and Greater China. Our CSP foothold in Singapore allows us to serve cross-border enterprise clients seamlessly while driving sustainable recurring revenue growth."

Acco Debuts at $4.05 After IPO Set at $4 per Share

Acco, a corporate services provider headquartered in Hong Kong, priced its initial public offering of 1.4M ordinary shares at the price of $4.00 per share. The company intends to use the net proceeds from the offering for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the company's brand globally, and general working capital purposes. Craft Capital and Revere acted as joint book running managers for the offering.

Acco Sets IPO Price at $4.00 for 1.4 Million Shares

The deal priced at the low end of the $4.00$-6.00 range. The company intends to use the net proceeds from the offering for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the company's brand globally, and general working capital purposes. Craft Capital and Revere acted as joint book running managers for the offering.