Singapore: Terratech to issue new shares; The Marketing Group acquires Vodrum

View of Singapore's central business district

The Terratech group is planning to issue 74 million new shares, while The Marketing Group Plc, which is listed on the NASDAQ Firth North, has acquired Vodrum and its subsidiaries to grow its marketing footprint globally.

Terratech to raise $2.22m

SGX Catalist-listed Terratech Group Limited is set to issue 74 million new shares at S$4.05 (US$2.99) apiece, raising S$3 million (US$2.22 million) in the process. The newly acquired liquidity will be majoritarily used to explore strategic investments, acquisitions, strategic alliances and joint ventures. The rest of the capital is to be reinvested in working capital.

The new shares being issued represent 12.03% of Terratech’s existing share capital and 10.74% of its enlarged share capital.

Earlier this year, Terratech had signed a conditional sale and purchase agreement with Malaysian property developer Capital City Property Sdn Bhd acquiring the latter for S$300 million ($221.83 million).

Terratech Group is the owner of Terratech Resources Pte Ltd, which owns through its subsidiary CEP Resources Entity one of the largest marble resources in South-East Asia. The location of the quarry is in Kelantang, Malaysia.

The Marketing Group acquires Vodrum

The Marketing Group Plc has announced the acquisition of Vodrum Ltd and its subsidiaries. The move aims to strengthen the overall expertise of the group in key markets.

Vodrum’s subsidiary list consists of firms such as Singapore-based The Brand Theatre, a global brand consultancy or Sydney’s marketing business Channel Zero. Other firms include PR and social media agency Ranieri and London-based strategic agency Slingshot Sponsorship.

The deal was agreed at a strike price of EUR 7.65 (US$8.62) per share, with a total value of 13.7 million Euros ($15.44 million). The new total number of ordinary shares issued by The Marketing Group will increase from 29 million to 31 million.

Joining The Marketing Group will give Vodrum’s subsidiary businesses access to the companie’s networks and infrastructures.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.