Latest news with #ICHAM
Straits Times
2 days ago
- Business
- Straits Times
Yangzijiang Financial to anchor $100 million fund of firm led by ex-CEO Vincent Toe
Sign up now: Get ST's newsletters delivered to your inbox The fund will invest exclusively in Singapore SMEs, with Yangzijiang Financial chief executive Ren Yuanlin saying they have "exceptional growth potential" with the right capital and strategic support. SINGAPORE - Yangzijiang Financial will be the anchor investor in a $100 million fund by ICH Asset Management (ICHAM), which is led by the Singapore-listed company's former chief executive, Vincent Toe. The fund will invest exclusively in Singapore's small and medium-sized enterprises (SMEs), and is expecting to start doing so in September, Yangzijiang Financial announced in an Aug 18 filing with the Singapore Exchange. It did not specify the exact sum it would invest in the fund. The initial pipeline of opportunities include companies in the technology, healthcare, sustainability and consumer-services sectors. SMEs 'form the backbone of the economy and, with the right capital and strategic support, harbour exceptional growth potential for investors', said Yangzijiang Financial's chief executive, Ren Yuanlin. 'By anchoring this fund with ICHAM, we are signalling our long-term commitment to the local equity market and believe that Singapore offers a unique opportunity for investors who are prepared to take a focused and disciplined approach,' he added. Mr Toe, who is managing director of ICHAM, said that the strategy is to identify companies with clear growth trajectories and continue to support them in the public markets. Top stories Swipe. Select. Stay informed. World Trump says arrangements being made for Putin, Zelensky to meet over Russia-Ukraine peace deal Singapore 'I vaped when I woke up until I slept': More youth vaping to cope with stress, say social workers Singapore 'I'd have phone in one hand, vape in the other': Youth addicted to vapes gets help to quit habit Singapore 'We don't want youth to enter darker places': Counsellors say support key to kicking vaping habit World Hamas accepts proposed deal for ceasefire with Israel and hostage release, Egyptian source says Singapore Jobs, infrastructure and homes at the core of Singapore's resilience: Economists The fund will back SMEs from before they undergo an initial public offering, through to market entry and beyond, including strategic placements after listing. 'This flexible strategy will enable both the group and ICHAM to capture value-accretive opportunities throughout the growth milestones,' said Yangzijiang Financial. 'By focusing on Singapore's small to mid-cap segments, the (fund) endeavours to address the lack of large institutional capital and research coverage in this space, unlocking growth potential in an underserved area of the equity market,' it added.
Business Times
2 days ago
- Business
- Business Times
Yangzijiang Financial to anchor S$100 million fund of firm led by ex-CEO Vincent Toe
[SINGAPORE] Yangzijiang Financial will be the anchor investor in a S$100 million fund by ICH Asset Management (ICHAM), which is led by the Singapore-listed company's former chief executive, Vincent Toe. The fund will focus exclusively on Singapore's small and medium-sized enterprises (SMEs), and is expecting to start investing from September, Yangzijiang Financial announced in a Monday (Aug 18) bourse filing. It did not specify the exact sum it would invest in the fund. The initial pipeline of opportunities include companies in the technology, healthcare, sustainability and consumer-services sectors. SMEs 'form the backbone of the economy and, with the right capital and strategic support, harbour exceptional growth potential for investors', said Yangzijiang Financial's chief executive, Ren Yuanlin. 'By anchoring this fund with ICHAM, we are signalling our long-term commitment to the local equity market and believe that Singapore offers a unique opportunity for investors who are prepared to take a focused and disciplined approach,' he added. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Toe, who is managing director of ICHAM, said that the strategy is to identify companies with clear growth trajectories and continue to support them in the public markets. The fund will back SMEs from before they undergo an initial public offering, through to market entry and beyond, including strategic placements after listing. 'This flexible strategy will enable both the group and ICHAM to capture value-accretive opportunities throughout the growth milestones,' said Yangzijiang Financial. 'By focusing on Singapore's small to mid-cap segments, the (fund) endeavours to address the lack of large institutional capital and research coverage in this space, unlocking growth potential in an underserved area of the equity market,' it added. Yangzijiang Financial shares ended Monday flat at S$1.06.
