Older punters might find the company’s original name MediaRing familiar – positioned as an internet-based voice communications provider, it was listed at the height of the dotcom in late 1999 and ended its debut trading day almost tripled its opening price.
Sevak plans to transfer its listing from the Mainboard to the Catalist, as it sketches out a new focus on “futuristic businesses” with higher growth potential, including infrastructure for charging electric vehicles, digital platforms and fintech applications.
The company, which used to be known as S i2i, is now in a range of business including the distribution of telecom operator products in Indonesia and also providing IT services. It has an existing battery management service for electric vehicles business too, run under an entity called Singapore Electric Vehicles (picture), although not as significant currently.
