Syfe Clinches Selfwealth Deal In A$65 Million All-Cash Acquisition - FinanceFeeds

Syfe Moves Forward with A$65 Million Selfwealth Acquisition Pending Court Nod - Fintech Singapore

Singapore-based digital wealth platform Syfe is moving ahead with its acquisition of Selfwealth, one of Australia’s largest online investing platforms, after securing overwhelming shareholder support for its A$65 million (S$54.5 million) all-cash offer. As reported by The Straits Times, 99.7 per cent of votes cast at Selfwealth’s April 22 meeting backed the deal, representing 88.46 per cent of shareholders in attendance. The offer values Selfwea…

Selfwealth shareholders back Syfe takeover - Financial Newswire

Shareholders in digital investment platform, Selfwealth have voted overwhelmingly to accept its acquisition by Syfe in a transaction valued at $65 million. Selfwealth announced to the Australian Securities Exchange (ASX) that 99.70% of votes cast shareholders had been in favour of the proposed acquisition. Syfe later issued a statement saying that subject to all remaining conditions being met or waived, including necessary court approvals, the a…

Syfe Clinches Selfwealth Deal In A$65 Million All-Cash Acquisition - FinanceFeeds

After a six-month bidding contest, Singapore-based investment platform Syfe has won the race to acquire Selfwealth, one of Australia’s top digital investing platforms, in a deal worth A$65 million (S$54.5 million). On April 22, Selfwealth shareholders overwhelmingly backed Syfe’s all-cash offer of 28 Australian cents per share. The resolution passed with 88.46% shareholder attendance and 99.7% of votes in favor. The deal is expected to close by …

Selfwealth to delist after sale

Investment platform Selfwealth will shift into private ownership after shareholders agreed to a cash sale to an Asian firm operating a similar business model.