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    AIY   SG1AF5000000

IFAST CORPORATION LTD.

(AIY)
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Asset Acquisitions and Disposals::Announcement Pursuant to Rule 706A of the Listing Manual

10/22/2021 | 11:04pm EST

iFAST CORPORATION LTD.

(Company Registration No. 200007899C)

(Incorporated in the Republic of Singapore)

ANNOUNCEMENT PURSUANT TO RULE 706A OF THE LISTING MANUAL

The Board of Directors (the "Directors" or the "Board") of iFAST Corporation Ltd. (the "Company", and together with its subsidiaries, the "Group") wishes to announce the following transaction occurred during the financial quarter ended 30 September 2021 pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"):

INCORPORATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY

The Company, through its wholly-owned subsidiary, iFAST Hong Kong Holdings Limited., had on 24 September 2021 incorporated an indirect wholly-owned subsidiary in Hong Kong. Details of the indirect wholly-owned subsidiary as set out below:

Name of company Country of incorporation Issued and paid-up capital Nature of business

  • iFAST ePension Services Limited
  • Hong Kong
  • 100,000 ordinary shares at HK$1 each
  • Pension administrative services provider

The net asset value represented by the shares subscription in the abovementioned indirect wholly-owned subsidiary in Hong Kong as at 24 September 2021 was same as the amount of issued and paid-up share capital of the respective subsidiary upon its incorporation date mentioned above.

None of the directors or substantial shareholders has any interest in the aforementioned transactions, save for their interests arising by way of their directorships and/or direct and/or indirect shareholdings in the Company, as the case may be.

The aforementioned transactions are not expected to have any material impact on the Group's earnings per share and net tangible asset for the financial year ending 31 December 2021.

By Order of the Board

Lim Chung Chun

Chairman / Chief Executive Officer

23 October 2021

1

Disclaimer

iFAST Corporation Ltd. published this content on 23 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2021 03:03:03 UTC.


ę Publicnow 2021
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Financials
Sales 2021 236 M 173 M 173 M
Net income 2021 33,9 M 24,8 M 24,8 M
Net cash 2021 36,1 M 26,3 M 26,3 M
P/E ratio 2021 68,7x
Yield 2021 0,59%
Capitalization 2 312 M 1 687 M 1 688 M
EV / Sales 2021 9,63x
EV / Sales 2022 7,98x
Nbr of Employees 970
Free-Float 50,4%
Chart IFAST CORPORATION LTD.
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iFAST Corporation Ltd. Technical Analysis Chart | AIY | SG1AF5000000 | MarketScreener
Technical analysis trends IFAST CORPORATION LTD.
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 8,35 SGD
Average target price 10,68 SGD
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Chung Chun Lim Executive Chairman & Chief Executive Officer
Fung Yat Leung Group Chief Financial Officer
Bing Yuan Goh Director-IT Applications
Soon Shyan Wong Group Chief Operating & Risk Officer
Chih Matthias Yao Lead Independent Director
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