Webdisclosure.com

Search

SWISS MERCHANT GROUP AG (FRA:CH032387) Swiss Merchant Group AG: Equity Participation in Achiko Ltd.

Directive transparence : information réglementée

08/11/2019 14:27

DGAP-News: Swiss Merchant Group AG / Key word(s): Investment/Investment
Swiss Merchant Group AG: Equity Participation in Achiko Ltd.

08.11.2019 / 14:27
The issuer is solely responsible for the content of this announcement.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
 
Swiss Merchant Group announces the acquisition of 7,80 % of the outstanding shares of the Indonesian Fintech Company Achiko Ltd. in an OTC-transaction ahead the listing on the SIX Swiss Exchange. ISIN: KYG0101M1024 - Ticker Symbol: ACHI
 
Achiko Ltd. operates as a payment services platform. The company works to grow relationships upstream between publishers and developers of applications and services. The company focuses on locations in South East Asia. The medium-term goal of Achiko is to service a wide range of target audience and expand its serviced customer base to 200 million users.
 
The Investment Manager of Swiss Merchant Group AG,
Cristián Mantzke comments: "We are delighted to participate in the highly prospective and expansive market of 2 billion people without a bank account who can now, with the use of their mobile phone, make and receive payments. Achiko Ltd. is one off the most expansive mobile payment companies in Asia with different products and mobile payment apps. We are looking forward to assist with our investment in the expansion and growth of Achiko's sustainable mobile payment portfolio in South East Asia.

Swiss Merchant Group AG is a Swiss based institutional equity and debt capital market investor, focussing on value-driven investments across many sectors, including financial technology service companies.

Contakt:
Swiss Merchant Group AG
Axel Krüger
info@swissmerchantgroup.com
+ 41 41 511 37 00
 


08.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Swiss Merchant Group AG
Bahnhofplatz
6300 Zug
Switzerland
Phone: +41 41 511 37 00
E-mail: info@swissmerchantgroup.com
Internet: www.swissmerchantgroup.com
ISIN: CH0323874260
WKN: A1817G
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
EQS News ID: 908135

 
End of News DGAP News Service

908135  08.11.2019 

fncls.ssp?fn=show_t_gif&application_id=908135&application_name=news&site_id=symex

08/11/2019 14:27
05/04/2019 10:36
24/07/2017 12:22