Accrelist

Accrelist launches Singapore’s first unmanned Geylang store

SINGAPORE (Sept 28): Accrelist has developed Singapore’s first unmanned store equipped with artificial intelligence (AI) retail technology solutions.

Broker's Calls

It's onward and upward for Jubilee Industries from here, says CGS-CIMB

SINGAPORE (June 1): CGS-CIMB Research is maintaining its “add” call on Jubilee Industries Holdings with an unchanged target price of 51 cents, in view of a strong earnings growth outlook post the group’s successful turnaround to net a profit in FY18

Broker's Calls

Accrelist's fintech businesses risky but can be rewarding: NRA

SINGAPORE (June 1): NRA Capital is rating Accrelist at “overweight” with a fair value of 1.2 cents but has classified the stock pick as “high risk” as the new businesses are still in the infancy stage.

Results

Accrelist swings back to profitability in FY18 after change in accounting treatment

SINGAPORE (May 30): Accrelist, the provider of corporate accretion services, swung back to profitability with earnings of $0.2 million in FY18 from $8.3 million in losses the previous year.

M&A

Accrelist acquires aesthetic clinic chain for $4 mil in cash & shares

SINGAPORE (Jan 24): Accrelist, the manufacturer of electronic components and test equipment for the disk drive industry, is fully acquiring a chain of four aesthetic medical clinics known as Refresh Laser Clinics (RLC) for a consideration of $4 million fr

Results

Accrelist’s 1H18 net loss widens to US$2 mil

SINGAPORE (Nov 14): Accrelist, the former WE Holdings, saw first half net loss after tax widen to US$2 million ($2.7 million) in 1H18 compared to net loss of US$1.3 million in 1H17.

Jubilee to raise $15 mil from rights issue for working capital and fund business expansion

SINGAPORE (Oct 12): Jubilee Industries is proposing a rights cum warrants issue to increase working capital and fund the expansion of its electronic component distribution and precision plastic injection mouldings businesses.

Accrelist raising $4 mil in share placement for e-medical and e-wallet plans

SINGAPORE (Oct 12): Accrelist is raising $4 million in a private placement of 500 million new shares at 0.8 cent each to investors Liu Song and Summit Planners Advisory Group.
Terence Tea, Executive Chairman and Managing Director

Accrelist FY17 losses halved to US$3.1 mil on lower expenses

SINGAPORE (May 31): Accrelist, formerly known as WE Holdings, says losses for the FY17 ended March narrowed by 51% to US$3.1 million ($4.3 million) from US$6.5 million a year ago.
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