<article>Malaysia-based tax advisory firm Axcelasia has launched its initial public offering (IPO) to list on the <a href="http://www.sgx.com/wps/portal/sgxweb/home/listings/overview/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSz9TcwtDTzNA309PQ3NDbwdzYEKIoEKDHAARwNC-sP1o1CVGBi6GRh4OoX5BFlYuBlaGJqgK_APMzA38Az1dwoODgszDHQ1hirA44aC3AiDTE9HRQC0wNwu/dl5/d5/L2dBISEvZ0FBIS9nQSEh/#panelhead4" target="_blank">Singapore Exchange&#8217;s Catalist</a> board.</article>

Malaysia-based tax advisory firm Axcelasia has launched its initial public offering (IPO) to list on the <a href="http://www.sgx.com/wps/portal/sgxweb/home/listings/overview/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSz9TcwtDTzNA309PQ3NDbwdzYEKIoEKDHAARwNC-sP1o1CVGBi6GRh4OoX5BFlYuBlaGJqgK_APMzA38Az1dwoODgszDHQ1hirA44aC3AiDTE9HRQC0wNwu/dl5/d5/L2dBISEvZ0FBIS9nQSEh/#panelhead4" target="_blank">Singapore Exchange&#8217;s Catalist</a> board.
Axcelasia aims to raise about S$11.88 million ($8.39 million), offering 47.52 million placement shares at 25 cents each &#8211; comprising 35.52 million new shares and 12 million vendor shares.
The company said, it is listing in Singapore to take advantage of the city island’s status as an international financial hub. The move also ties in with the company&#8217;s ambition to expand outside of Malaysia in the next three to five years.
Axcelasia said, most of the S$7.58 million net proceeds, after IPO expenses and vendor shares, will be earmarked for expansion beyond Kuala Lumpur and for diversifying its range of services.
Axcelasia&#8217;s key businesses are in tax advisory, consultancy, enterprise management system application and business support.
The company and its subsidiaries provide integrated professional services mainly in Malaysia to government-linked entities, private and public listed companies, and multinational corporations.
Its major clients include the subsidiaries of Malaysian corporations Tan Chong Group and Telekom Malaysia Bhd.
Also read: <a style="color: #ff0000;" title="Soo Kee Group launches IPO on SGX Catalist, aims to raise $24m" href="http://www.dealstreetasia.com/stories/soo-kee-group-launches-ipo-on-sgx-catalist-aims-to-raise-24m-10484/" rel="bookmark">Soo Kee Group launches IPO on SGX Catalist, aims to raise $24m</a>
<a style="color: #ff0000;" title="GCCP Resources aims to raise $20.8m from listing on SGX Catalist" href="http://www.dealstreetasia.com/stories/gccp-resources-aims-to-raise-s28-1m-from-listing-on-sgx-catalist-5419/" rel="bookmark">GCCP Resources aims to raise $20.8m from listing on SGX Catalist</a>

Malaysia-based tax advisory firm Axcelasia has launched its initial public offering (IPO) to list on the Singapore Exchange's Catalist board.

Malaysia's tax advisory firm Axcelasia to list on SGX Catalist, to raise $8.4m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Malaysia's tax advisory firm Axcelasia to list on SGX Catalist, to raise $8.4m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief