Welcome!
Serial System
Markets
Hong Kong formally withdraws extradition bill; Singapore's GDP forecast lowered
SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition
September 06, 2019
Management & Corporate Governance
Serial System up 10.7% after CEO deemed fit to continue despite Taiwanese probe
SINGAPORE (Sept 2): Shares in Serial System are up 10.7% to 8.3 cents on Monday morning after its board on Friday announced Derek Goh Bak Heng will continue with his role on the board of directors and as chief executive, following a review by its nominati
September 02, 2019
Results
Serial System reports 85% rise in FY18 earnings to US$17.7 mil
SINGAPORE (March 1): Serial System, the distributor of electronic components and consumer products, reported FY18 earnings rose 85% to US$17.7 million ($23.9 million) from a year ago on higher revenues and margins while an asset sale yielded a one-time ga
March 01, 2019
IPO
Serial System scraps Hong Kong IPO of subsidiary
SINGAPORE (Nov 9): IT parts distributor Serial System has scrapped plans to spin-off a subsidiary via a Hong Kong listing. The application to list, made six months ago, has lapsed.
November 09, 2018
Update
Serial System group CEO called upon again for Bull Will-linked investigations in Taiwan
SINGAPORE (Sept 13): For the second time, Serial System’s executive chairman and group CEO Derek Goh has asked by the Investigation Bureau, Ministry of Justice of Taiwan to personally assist in an ongoing investigation regarding its 19.02%-owned subsidi
September 13, 2018
Serial System to divest stake in Australian laundry business for $43 mil
SINGAPORE (Sept 12): Serial System, the distributor of electronic components and consumer products, is divesting its entire 27.34% stake in SPL Holdings (Australia) to Anchorage Bridge Street for US$31.2 million ($43 million).
September 12, 2018
Results
Serial System reports 39% fall in 2Q earnings to US$2 mil
SINGAPORE (Aug 13): Serial System, the distributor of electronic components and consumer products, reported a 39% fall in 2Q earnings to US$2.0 million ($2.7 million) from a year ago.
August 13, 2018
Serial System CEO asked to assist in Taiwan investigations
SINGAPORE (June 28): Derek Goh Bak Heng, Serial System’s executive chairman and group CEO, has been asked to assist in certain investigations related to the Securities and Exchange Act of Taiwan.
June 28, 2018
In print this week
Will Serial System's HK spinoff give it the valuation it seeks?
SINGAPORE (June 22): Electronic parts distributor Serial System is set to spin off its Hong Kong subsidiary, Serial Microelectronics (HK), in a listing on the Stock Exchange of Hong Kong.
June 22, 2018