Since its debut on the Singapore Exchange (SGX:S68
) , the company has adopted a more conservative approach, focusing on careful financial management as part of its optimisation strategy. This included restructuring its Taiwan operations in the first quarter, leading to layoffs, as reported by local media.
SGX’s first and only de-spac has whetted the market’s appetite, promising more action in the year ahead. Will investors bite?
Live streaming company 17Live faced a challenge in 2024 following its de-spac (special purpose acquisition company) transaction late last year, which saw three CEO changes in quick succession. Alex Lien, who was CEO during the deal, resigned in late January. Co-founder Joseph Phua stepped in briefly before passing leadership to Jiang Honghui, CEO of the spac that acquired the company.
