Swiss Merchant Group AG

  • WKN: A1817G
  • ISIN: CH0323874260
  • Land: Schweiz

Nachricht vom 08.11.2019 | 14:27

Swiss Merchant Group AG: Equity Participation in Achiko Ltd.

DGAP-News: Swiss Merchant Group AG / Key word(s): Investment/Investment

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.

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