Search company, investor...

Infocomm Asia Holdings

iahgames.com

Stage

Acquired | Acquired

Total Raised

$2.5M

Valuation

$0000 

Revenue

$0000 

About Infocomm Asia Holdings

Infocomm Asia Holdings is a publisher, operator, and distributor of online games, and console and PC games in Southeast Asia. The company operates award-winning titles including Granado Espada, Counter-Strike Online, SuperStar Live, FairyLand 2,, New PAL Online, New Gulong Online, Blacklight Retribution, XAOC Online, Bella Online, Warframe, Spirit Horizon, War of Fate, NBA 2K14 and Grand Theft Auto V.

Headquarters Location

35 Tai Seng Street Tata Communications Exchange #01-01

534103,

Singapore

+65 6388 8881

Missing: Infocomm Asia Holdings's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Infocomm Asia Holdings's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing Infocomm Asia Holdings

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Infocomm Asia Holdings is included in 1 Expert Collection, including Gaming.

G

Gaming

5,152 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

Latest Infocomm Asia Holdings News

SG Dealbook: YuuZoo issues 15m new shares to IAH, iFAST acquires 21.4% of Pecuniam

Apr 12, 2016

elaine@dealstreetasia.com April 12, 2016: &nbsp Social, e-commerce and gaming company YuuZoo Corporation Limited has issued 15 million new ordinary shares to Infocomm Asia Holdings to fund its acquisition of the latter, and iFAST Corporation has acquired 21.4 per cent of Pecuniam Pte Ltd for around $944,659. YuuZoo issues 15 million new ordinary shares to Infocomm Asia Holdings SGX-listed social, e-commerce and gaming firm YuuZoo Corporation Limited has issued 15 million new ordinary shares to Infocomm Asia Holdings (IAH) to finance its acquisition of a 30 per cent stake in the company. According to a regulatory filing, the shares are issued at a nominal price of S$0.193 per share (about $0.14). This puts the total value of all shares issued to IAH at S$2.895 million, which is higher than the $2.4 million value YuuZoo agreed to issue to the firm in January 2016, according to a report . This deal will see IAH conduct its game subsidiary’s transactions through YuuZoo’s e-commerce services, and allow YuuZoo to access markets like Vietnam and Thailand, where IAH has strong local partners like VTC and True Corporation. YuuZoo first announced its intent to fully acquire IAH in February last year, but changed its mind earlier this year to acquire 30 per cent of IAH instead. “While we initially planned to buy all of IAH, this partial acquisition gives YuuZoo the same benefits as a full acquisition would have done, but at a much lower cost to YuuZoo’s shareholders. It also includes the repayment to YuuZoo of the $6.5 million that IAH had borrowed from us,” said Thomas Zilliacus, Chairman and CEO of YuuZoo in January 2016. In an earlier statement Zilliacus also noted that the acquisition will help YuuZoo generate revenue and “provide major stickiness” through games in social networks. IAH’s primary business model revolves around operating and distributing online games in Southeast Asia. Popular titles include Counter-Strike Online, NBA 2K14, and Grant Theft Auto V. Founded nine years ago, the firm has garnered more than 37 million registered users in Southeast Asia, according to IAH. YuuZoo has also made various acquisitions, including buying ‘key assets’ of Camigo LLC , a Chinese mobile game developer with more than 26 million users and 11 games under its belt; purchasing a minority stake in RS Media & Entertainment Group , which is a facilitator for Chinese film and television co-production; and a license that will allow YuuZoo to offer lotto gaming in Nigeria. YuuZoo opened today at S$0.22. iFAST Corp to acquire 21.47 per cent stake Pecuniam Pte Ltd Singapore-listed iFAST Corporation Ltd  has announced its intent to subscribe to 10.6 million new ordinary shares belonging to investment holding company Pecuniam Pte Ltd, which represents 21.47 per cent of the latter. The deal is said to amount to a cash consideration of S$1.27 million (about $944,659), according to a regulatory filing. Upon completion of the deal, Pecuniam, which owns iFAST India Investments Pte Ltd fully and 74.72 per cent of iFAST Financial India Pvt Lrd, will be listed as an associated company of iFAST Corp. Pecuniam and its subsidiaries were previously restructured out of iFAST Corp in December 2014, due to regulatory issues that stopped its Indian business from efficiently operating an investment products distribution platform, said the company. Since then, the company has procured necessary licenses required to operate out of India and believe that the subscription will allow the group to tap on India’s potential strategic role in bringing business opportunities to global investors via hubs like Singapore or Hong Kong, where it has operations in as well. iFAST Corp expects to finance the subscription of shares through proceeds from its initial public offering in end-2014. Also Read: 

Infocomm Asia Holdings Frequently Asked Questions (FAQ)

  • What is Infocomm Asia Holdings's latest funding round?

    Infocomm Asia Holdings's latest funding round is Acquired.

  • How much did Infocomm Asia Holdings raise?

    Infocomm Asia Holdings raised a total of $2.5M.

  • Who are the investors of Infocomm Asia Holdings?

    Investors of Infocomm Asia Holdings include YuuZoo, Gobi Partners, SoftBank China Venture Capital, The9, Commerzbank - Equity Markets and Commodities Unit and 4 more.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.