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Nexia TS assisted Axcelasia on its Successful Listing on SGX Catalist Board

December 2015

Singapore, 15 December 2015 – Nexia TS is pleased to announce the successful initial public offering of Axcelasia Inc. (Axcelasia), a Malaysian-based integrated professional services firm, on SGX’s Catalist board on 27 November 2015. The offering launched at 47.52 million placement shares at S$0.25 each, comprising of 35.52 million new shares and 12 million vendor shares.


Nexia TS assisted Axcelasia on its Successful Listing on SGX Catalist Board


Nexia TS was appointed as the reporting accountant supporting the IPO listing.


Axcelasia is an integrated professional services firm providing tax advisory, business consulting, enterprise management system (“EMS”) applications, and business support services to government-linked entities, public listed companies and multinational corporations, mainly in Malaysia.


“Our journey towards the IPO was completed in a relatively short period of 6 months. This short period of preparation was only made possible with the strong support from our sponsor and advisors including our Reporting Accountant Nexia TS. I would say that the strong support of Mr. Loh Ji Kin and his audit team was, without doubt, a key factor that contributed to the success of the listing. Nexia TS was very professional in its work approach and effective in executing the work plan. They worked hard and worked well with our accounting team.”
Mr. Dato Peter Tang, Finance Director, Axcelasia Inc.


“A big congratulation to Axcelasia for its successful listing on SGX, and at the same time, we thank the management team for engaging Nexia TS in one of its key milestones. We wish Axcelasia the best in its ventures and look forward to a continued partnership.”
Mr. Henry Tan, Managing Director, Nexia TS


About Axcelasia Inc.:
Axcelasia is an integrated multidisciplinary professional services provider based in Malaysia. It has four core businesses comprising of Tax Advisory, Business Consultancy, Enterprise Management System (“EMS”) Application and Business Support. Together with its subsidiaries, the Group provides services to government-linked entities, private and public listed companies, and multinational corporations.


Taxand Malaysia, the Group’s tax advisory business, is a member of Taxand, a global organisation of independent tax advisory firms. As such, Taxand Malaysia is able to leverage on Taxand’s large client base and work with other Taxand member firms in servicing their clients. Its tax advisory services have been recognised with many awards and accreditations, and the Group’s business consultancy and EMS Application businesses are forerunners in the areas of enterprise risk management (“ERM”)
and business continuity management.


Axcelasia is led by an experienced and dedicated management team which has also maintained long-term working relationships with regulatory authorities and clients. The Group has established a track record and strong reputation in having successfully undertaken large-scale transformation and programme management projects. It is also able to integrate its different business segments to provide customised solutions to meet clients’ needs efficiently and cost-effectively.


As Axcelasia’s key clients include those with operations both in Malaysia and the ASEAN region, the Group aims to further expand its operations to cater to the geographical demands of its clients. The Group also aims to diversify its range of professional services in order to attract a wider range of clients and support its regional expansion plans.


For more information on Axcelasia, please visit www.axcelasia.com.


About Nexia TS:
Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.


To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to
this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.


Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory
services for our clientele with operations and new foreign investments in the respective countries.


Nexia International is an international network of accounting and consulting firms with origins going back to 1971 making Nexia one of the longest established firms. Currently, with more than 24,000 professional staff serving our clients at over 570 offices in 110 countries, we are ranked as the top 10 largest international accounting and consulting firms worldwide.


For more details, please visit www.nexiats.com.sg.


Media Contacts:
Grace Lui
Head of Marketing Communications
+65 6597 7297


Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)

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