KUALA LUMPUR, April 17 -- Tricor Group (Tricor), Asia’s leading business expansion specialist and professional services provider has completed the sale and purchase agreement to acquire the Malaysia operations of Axcelasia Inc (the Transaction).
According to a statement, Axcelasia is an integrated professional services firm delivering Governance, Risk & Compliance (GRC) solutions, corporate, business and tax services.
It is an SGX listed company, has a staff of over 100 professionals and more than 1,000 client portfolios, consisting of public listed companies, private companies, government-linked entities and multinational corporations.
The firm is led by seasoned industry executives, including Group Chief Executive Officer, Ranjit Singh; Non-Executive Chairman Dr Veerinderjeet Singh; and, Deputy Executive Chairman, Datuk Peter Tang.
For Tricor, this Transaction represents the launch of a new regional GRC business focused on helping clients manage their increasingly complex regulatory and compliance responsibilities while operating in the emerging and maturing economies of the Asia Pacific region.
This investment by Tricor is the first step towards building an integrated suite of GRC solutions that deliver enhanced value by supporting deep advisory expertise with client-centric technology.
Additionally, Axcelasia's corporate services and business support services will merge into Tricor Malaysia, making Tricor one of Malaysia's largest providers of corporate services to international and Malaysian corporations.
-- BERNAMA
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