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ACN Newswire

Haily IPO oversubscribed by 38.81 times

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KUALA LUMPUR, July 12, 2021 – (ACN Newswire) – Haily Group Berhad’s (“Haily”) IPO exercise comprises:

(from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei Yeh at the Balloting Ceremony of the Company in conjunction with its listing on the ACE Market of Bursa Malaysia Securities

(A) Public issue of 30,000,000 new ordinary shares in HAILY (Public Issue Shares) in the following manner:
i. 8,920,000 new Public Issue Shares for application by the Malaysian public:
ii. 10,000,000 new Public Issue Shares for application by the eligible directors and employees of HAILY and its subsidiaries (Group) and persons who have contributed to the success of the Group;
iii. 11,080,000 new Public Issue Shares by way of private placement to selected investors in the following manner; and
– 5,100,000 Public Issue Shares to selected Bumiputera investors approved by Ministry of International Trade and Industry (“MITI”); and
– 5,980,000 Public Issue Shares to selected investors.

(B). Offer for sale of 18,000,000 existing ordinary Shares in HAILY (“Offer Shares”) by way of private placement to selected investors in the following manner:
– 12,700,000 Offer Shares to selected Bumiputera investors approved by MITI; and
– 5,300,000 Offer Shares to selected investors.

Tricor Investor & Issuing House Services Sdn Bhd (“TIIH”) wishes to announce that the Public Issue of 8,920,000 new Public Issue Shares of HAILY available for application by the Malaysian public has been oversubscribed.

A total of 13,367 applications for 355,099,900 new Public Issue Shares with a value of RM241,467,932 were received from the Malaysian public, which represents an overall oversubscription rate of 38.81 times. For the Bumiputera portion, a total of 6,185 applications for 138,110,700 new Shares were received, which represents an oversubscription rate of 29.69 times. For the public portion, a total of 7,182 applications for 216,989,200 new Shares were received, which represents an oversubscription rate of 48.09 times.

Meanwhile, a total of 10,000,000 new Public Issue Shares available for application by the eligible directors and employees of the Group and persons who have contributed to the success of the Group have also been fully subscribed.

In addition, the Placement Agent has confirmed that the 5,980,000 Public Issue Shares and 5,300,000 Offer Shares made available for application by way of private placement to selected investors have been fully placed out.

In relation to the 5,100,000 Public Issue Shares and 12,700,000 Offer Shares made available for application by Bumiputera investors approved by MITI, a total of 2,159,300 shares were not taken up. Pursuant to the terms set out in the Prospectus, the said remaining unsubscribed shares which were initially reserved for Bumiputera investors approved by MITI were clawed-back and reallocated to the Bumiputera public via the balloting process.

Commenting on the balloting result, HAILY’s Executive Director Mr. See Tin Hai said: “We are delighted to see the strong support from investors for HAILY’s shares. This is an encouraging sign as we embark on our next stage of growth as a public-listed company. We believe that the construction industry will show positive signs of recovery towards the second half of 2021, bolstered by the country’s on-going national immunisation programme. Thus, we look forward to more developments being revived by property companies which provide the construction sector with more project bidding opportunities especially in the Johor region where HAILY is operating. However, before that, let us anticipate another key milestone in the pipeline, which is the official listing of HAILY on the ACE Market of Bursa Securities on 21 July 2021.”

The notices of allotment will be posted to all successful applicants on or before 19 July 2021.

TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for this IPO exercise.


Topic: IPO
Source: Haily Group Berhad

Sectors: Engineering, Construct, Engineering, Local Biz
https://www.acnnewswire.com

From the Asia Corporate News Network

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Source: https://www.acnnewswire.com/press-release/english/67992/

ACN Newswire

Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

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KUALA LUMPUR, July 29, 2021 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus’ solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus’ products as critical components for its business operations.

Andy Waroma and Hajime Hirose

Signing Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company’s commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region.

Solving cloud financial management challenges

Cliched as it sounds, the ‘New Normal’ is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023.

Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. ‘Cloud waste’ or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend.

Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products – Wave* and Ripple** — is serving as a catalyst to faster, greater, and better adoption and use of the cloud.

Helping Cloud Comrade in its growth journey

Cloud Comrade is one of the many companies experiencing the value of Aphaus’ solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers.

“As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus’ Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud,” said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

“We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system,” said Hajime Hirose, CEO of Alphaus Inc. “The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment.”

*Wave- Cloud Cost Optimization and Management
Manages multiple AWS cloud accounts in one place, analyzes organizations’ cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs.

**Ripple- Billing Management Solution for MSPs and resellers
Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.

About Alphaus Inc.

Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company’s roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact
Rishanty Navaratnam, People & Administration Lead
Tel: +60 12 952 2655
E-mail: [email protected]


Topic: Press release summary
Source: Alphaus

Sectors: Daily Finance, Cloud & Enterprise, Startups
https://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Source: https://www.acnnewswire.com/press-release/english/68311/

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ACN Newswire

Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

Published

on

KUALA LUMPUR, Jul 29, 2021 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus' solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus' products as critical components for its business operations.


Andy Waroma and Hajime Hirose


Signing Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company's commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region.

Solving cloud financial management challenges

Cliched as it sounds, the 'New Normal' is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023.

Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. 'Cloud waste' or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend.

Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products – Wave* and Ripple** — is serving as a catalyst to faster, greater, and better adoption and use of the cloud.

Helping Cloud Comrade in its growth journey

Cloud Comrade is one of the many companies experiencing the value of Aphaus' solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers.

"As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus' Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud," said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

"We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system," said Hajime Hirose, CEO of Alphaus Inc. "The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment."

*Wave- Cloud Cost Optimization and Management
Manages multiple AWS cloud accounts in one place, analyzes organizations' cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs.

**Ripple- Billing Management Solution for MSPs and resellers
Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.

About Alphaus Inc.

Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company's roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact
Rishanty Navaratnam, People & Administration Lead
Tel: +60 12 952 2655
E-mail: [email protected]

Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.comAlphaus Inc., a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans.
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Source: https://www.acnnewswire.com/press-release/english/68311/

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ACN Newswire

Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

Published

on

KUALA LUMPUR, Jul 29, 2021 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus' solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus' products as critical components for its business operations.


Andy Waroma and Hajime Hirose


Signing Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company's commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region.

Solving cloud financial management challenges

Cliched as it sounds, the 'New Normal' is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023.

Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. 'Cloud waste' or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend.

Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products – Wave* and Ripple** — is serving as a catalyst to faster, greater, and better adoption and use of the cloud.

Helping Cloud Comrade in its growth journey

Cloud Comrade is one of the many companies experiencing the value of Aphaus' solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers.

"As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus' Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud," said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

"We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system," said Hajime Hirose, CEO of Alphaus Inc. "The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment."

*Wave- Cloud Cost Optimization and Management
Manages multiple AWS cloud accounts in one place, analyzes organizations' cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs.

**Ripple- Billing Management Solution for MSPs and resellers
Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.

About Alphaus Inc.

Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company's roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact
Rishanty Navaratnam, People & Administration Lead
Tel: +60 12 952 2655
E-mail: [email protected]

Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.comAlphaus Inc., a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans.
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Source: https://www.acnnewswire.com/press-release/english/68311/

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ACN Newswire

VFS Global opens new UAE Attestation Centres in the Philippines

Published

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MANILA, July 28, 2021 – (ACN Newswire) – Customers in the Philippines can directly visit the UAE Attestation Centres located in Makati City, Malate in Manila and Cebu without any prior appointment for document attestation services which commenced on 1 July 2021. Services at the Centre include personal documents (Birth Certificate, Marriage Certificate etc.), educational documents (School Certificate, Diploma etc.), and commercial documents (Business Registrations, Invoices).

Customers who are travelling to UAE or the Middle East can submit their documents in person for attestation by walk-in directly at our new centres that adhere to the stringent safety and physical distancing guidelines prescribed by the World Health Organisation and local authorities. The convenience of doorstep document collection and delivery with real-time tracking of key documents via courier will be made available soon for the residents in these three locations. The mode of payment is cash only at present. Please note that all documents submitted for attestation should already have an apostille by DFA (Department of Foreign Affairs), UAE.

Commenting on the inauguration of the new UAE Attestation Centres, Mr Jiten Vyas, Regional Group COO, VFS Global, “We are excited to extend our long-standing partnership with the Government of the UAE to the next level through the launch of the new Attestation Centres in cooperation with the UAE Ministry of Foreign Affairs. By leveraging on our vast operations network and expertise in Attestation services globally, our newly opened UAE Attestation Centres across the Philippines will offer an enhanced experience for customers with a secure application process and with a range of Value Added Services like pick and drop, end-to-end support, courier, translation etc.”

Key advantages of the new UAE Attestation Centre include:
– Secured end to end process legalisation process
– Safety of documents shared for attestation and legalisation
– On-time processing and return of important documents

Important information for UAE attestation services customers in the Philippines:

As the safety of our customers and employees is our priority, VFS Global has implemented strict health and safety measures in line with Government guidelines for physical distancing at the Centres. Customers must wear a face mask/face covering to enter the premises, and a temperature reading will be required on arrival. Customers exhibiting COVID-19 symptoms, including fever (higher than 37.3 degrees Celsius), cough and difficulty in breathing, will not be allowed to proceed with their applications and be allowed to reschedule their appointments for another day.

Customers can visit our website: http://www.vfsattestation.com/philippines/ or call our helpline number +639190615894 or email us [email protected] for more details.

UAE Attestation Centre
– Address in Makati City: VFS Global, Unit M01, Mezzanine Floor, Ecoplaza Building, 2305 Chino Roces Ave.Extension, Makati City, Metro Manila 1231, Philippines
– Address in Malate: VFS Global, Ground Floor, DY International Building, San Marcelino corner Gen. Malvar St. Malate, Manila 1004, Philippines
– Address in Cebu: VFS Global, 5th Floor Unit 503 Kepwealth Center, Samar Loop cor. Cardinal Rosales Avenue, Cebu Business Park, Cebu City 6000, Philippines
Email id: [email protected]
Helpline: +639190615894
Website: http://www.vfsattestation.com/philippines/
Submission Timing: 0900 hrs – 1300 hrs (Monday to Friday, except holidays)

*VFS Global will be responsible only for accepting applications for client missions. All applications submitted will continue to be assessed and processed by the respective client missions. Timelines for turnaround are as per the discretion of the authorities.

About VFS Global

VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 3523 Application Centres, operations in 143 countries across five continents and over 230 million applications processed (since inception in 2001) as on 30 June 2021, VFS Global is the trusted partner of 62 client governments. The company manages non-judgmental and administrative tasks related to applications for visa, passport and consular services for its client governments, enabling them to focus entirely on the critical task of assessment.

VFS Global is majority owned by the global investment organisation EQT. The Swiss-based Kuoni and Hugentobler Foundation holds a minority stake in VFS Global. EQT is a global investment organisation with offices in Europe, North America and Asia-Pacific and a 27-year track record of consistent investment performance across multiple geographies, sectors, and strategies. EQT AB Group is listed on the Nasdaq Stockholm stock exchange. EQT manages and advises a range of specialized investment funds and other investment vehicles that invest across the world with the mission to generate attractive returns and future-proof companies. EQT funds’ investors do not influence portfolio companies’ decision making or strategies. Nor do they have access to private and confidential business assets or client and customer data.

Media Contact
Sukanya Chakraborty
[email protected]
[email protected]


Topic: Press release summary
Source: VFS Global

Sectors: Travel & Tourism, Daily News, Legal & Compliance, Local Biz, Government
https://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Click here to access.

Source: https://www.acnnewswire.com/press-release/english/68268/

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