Achiko AG
Achiko Ltd.: Fintech Achiko Limited lists its shares on the SIX Swiss Exchange
DGAP-News: Achiko Ltd.
/ Key word(s): IPO
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (AS A WHOLE OR IN PART) IN OR FOR THE USA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE THIS COULD CONSTITUTE A VIOLATION OF THE APPLICABLE LAWS UNDER THAT JURISDICTION Fintech Achiko Limited lists its shares on the SIX Swiss Exchange ZURICH, 8th November 2019 – Achiko Limited (“Achiko”, ISIN KGY0101M1024), a leading provider of game payment services in Indonesia, today lists its 89’632’142 shares on the SIX Swiss Exchange at a reference price of USD 0.70 per share. The free float amounts to 41.2 percent at the time of the listing. “Our decision to list on the Swiss stock exchange SIX is a strategic choice, taken with a long-term view. Switzerland is a vibrant and growing hub for Fintech innovation with a strong and supportive regulatory environment. We are planning to open a local branch here in Switzerland to support strategic partnerships in Europe.” said Allen Wu, Chairman of Achiko. “We are delighted to be listed at SIX Swiss Exchange and look forward to continuing Achiko’s success story with our expanded investor base.” In Achiko’s starting primary market in Indonesia, about half of the approximately 260 million inhabitants do not have a bank account, and for those who have a bank account the level of credit card and consumer credit options remain low. Worldwide, the number of people who do not have their own bank account is estimated at around 1.7 billion. In addition to Achiko’s current activities in Indonesia, Thailand and also the Philippines, Myanmar and Vietnam are among the most important target markets for regional expansion. About Achiko Achiko is the holding company of the Mimopay and Kryptonite businesses. The group has branch offices in Indonesia, Hong Kong, Singapore and South Korea. Achiko has an experienced management team which has a track record building internationally recognised digital businesses and has also implemented them for companies like Disney, TimeWarner (now WarnerMedia), Samsung, Kakao, Leon Entertainment and many others. Achiko has significant shareholders such as MNC Group, the largest media company in Southeast Asia. Its shareholder base also includes MOX, China’s largest venture capital company focussing exclusively on the mobile sector and one of the three largest global VC companies in this field. Further information can be found on www.achiko.co Press Contact Switzerland Disclaimer This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. This communication does not constitute an “offer of securities to the public” within the meaning of Regulation 2017/1129 of the European Union (the “Prospectus Regulation”) of the securities referred to in it (the “Securities”) in any member state of the European Economic Area (the “EEA”). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of the Securities. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the securities in the United States, and does not intend to conduct a public offering of securities in the United States. THIS COMMUNICATION IS NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN ANY JURISDICTION.
08.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |