| Singapore | 27 Nov 2015 | Asia Samachar |
Two prominent financial professionals from amongst the Malaysian Sikh community are spearheading a company that today gained listing on the Singapore Stock Exchange (SGX).
Tax expert Dr Veerinderjeet Singh and audit expert Ranjit Singh, together with Peter Tang, are the key promoters of Axcelasia Inc.
Axcelasia, a Malaysian-based integrated professional services firm, aimed to raise close to S$12 million from the initial public offering (IPO) to list on the SGX’s Catalist board.
“We are ready to take Axcelasia onto a bigger platform. The launch of this IPO marks a significant milestone for us as it will allow us to embark on our next phase of growth by leveraging our success in Malaysia to scale up our presence in the Asean region,” said Dr Veerinderjit, who is the company’s executive chairman, in a statement released by the SGX following the IPO today (27 Nov 2015).
Dr Veerinderjit regularly appears in the Malaysian media scene, including discussing tax implications of the Federal Government’s annual budget on television in Malay.
The company is an integrated professional services firm providing tax advisory, business consulting, enterprise management system (EMS) applications, and business support services to government-linked entities, public listed companies and multinational corporations, mainly in Malaysia.
Its major clients include the subsidiaries of Tan Chong Group and Telekom Malaysia, it said in an earlier statement.
Axcelasia was formed through the acquisition of the three firms, according to information made available on its website.
The three companies are: Taxand Malaysia Sdn Bhd, a company providing specialist tax services; Columbus Advisory, a group of companies providing business advisory services and software application; and PTA, a group of companies providing accounting, corporate, secretarial services and outsourcing services.
The three key promoters are all formerly from “big four” accounting firms and have extensive experience in advising organisations in various sectors, the company said.
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