Our preliminary analysis has revealed key insights about T.O. ENTERPRISE PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
STAMPED.IO
58202
Publishing of software/applications (non-games)
0195:SGUEN201843173K
iso6523-actorid-upis::0195:SGUEN201843173K
Recently transacted with T.O. ENTERPRISE PTE. LTD.?
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This is only a preview of the TrustScore results for T.O. ENTERPRISE PTE. LTD., showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. T.O. ENTERPRISE PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
T.O. ENTERPRISE PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting T.O. ENTERPRISE PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
T.O. ENTERPRISE PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueThe recent sale of 2 Cluny Hill was yet another record price on a psf basis when it changed hands for $4,291 psf. The GCB is still under construction and likely to be completed only in 3Q2022. The buyer who paid $63.7 million for the GCB is tech entrepreneur Tommy Ong, who is in his 30s. He is the founder of Shopify review app, Stamped.io, which was sold for US$110 million ($145.86 million) in March. Meanwhile, 37-year-old real estate magnate Kishin RK quietly purchased an old GCB on Grange Road from the Goh family that founded both NatSteel and Tat Lee Bank Group. Kishin paid $48 million ($1,697 psf) for the GCB in a deal brokered by Realstar. Kishin is said to be looking for a “star architect” to design his new GCB. The plan is to redevelop the property and reorientate it to face Chatsworth Road, and to adopt that address too.
Canadian e-commerce technology company WeCommerce Holdings Ltd. (WeCommerce) has successfully closed the previously announced acquisition of substantially all the assets of Stamped.io Pte. Ltd., a leading software-as-a-service platform based in Singapore, for cash and share consideration of up to US$110 million. Prior to the closing of the transaction, valued at up to US$110 million, WeCommerce entered into a US$80-million senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank. Launched in 2019 on the TSX-V and sponsored by Bill Ackman, WeCommerce focuses on acquiring businesses that serve the Shopify Partner ecosystem. The acquisition is expected to boost WeCommerce’s organic growth and operating margins, while increasing the revenues generated from recurring subscription revenue streams.
WeCommerce Holdings Ltd. (“WeCommerce” or the “Company”) today announced that it plans to host an investor presentation and Q&A session for shareholders shortly after the closing of its recently announced acquisition of the assets of Stamped.io Pte. Ltd. (“Stamped”), which is estimated to occur within the next 45 days. Because of confidentiality restrictions in the acquisition agreement and the pending completion of audited financials for Stamped, we are currently limited in the disclosure we can provide to shareholders.
WeCommerce, which invests in companies within the Shopify partner ecosystem, said last Friday that it has signed a definitive purchase agreement to acquire substantially all of the assets of Stamped.io Pte Ltd. The deal comprises US$75 million in cash upon the closing of the acquisition, funded through a combination of cash on hand and a senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank, NA. Another US$10 million will be paid through the issuance of 496,697 Class A common shares of WeCommerce at a price of C$25.43 (S$27), representing 1.36 per cent of the issued and outstanding common shares.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.