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Serial Achieva wins contract to supply switches deal worth up to US$18.8 mil
Electronics parts distributor Serial Achieva has won a deal worth up to US$18.8 million to supply switches for networking infrastructure.
The switches, which form part of next-generation networking infrastructure, are designed to support AI-optimised infrastructure hardware.
Under this agreement with the customer, who was not named, Serial Achieva will first supply a batch of switches worth some US$4.7 million and subject to further evaluation, the customer will buy another US$14.4 million worth.
" This contract marks a significant strategic win and strongly validates our strategy to position the Group within the rapidly expanding AI and high-performance computing value chain," says CEO Victoria Goh.
" By leveraging Serial Achieva&rsquo s established distribution capabilities, strong industry partnerships and regional market reach, we are able to support customers deploying advanced infrastructure solutions across the region," she adds.
Outdated news. 🧐
Joelton ( Date: 18-Mar-2026 09:49) Posted:
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Serial Achieva signs MOU with new shareholder UFCT to tap AI opportunities
The partnership promises opportunities in artificial intelligence, cloud computing and other advanced storage technologies
[SINGAPORE] SGX-listed IT products distributor Serial Achieva : XHV 0% inked a memorandum of understanding (MOU) on Mar 16 with new shareholder UFCT Technology (UFCT), to explore opportunities in artificial intelligence (AI), cloud computing and other advanced storage technologies.
The partnership follows UFCT&rsquo s move earlier this month to subscribe for about 21 million new shares in Serial Achieva at S$0.22 apiece, raising about S$4.62 million for the company.
Upon completion, UFCT will hold an 11.01 per cent stake in the company&rsquo s enlarged share capital. The deal is expected to close by Apr 30.
Under the non-binding MOU, UFCT will use its industry resources to support Serial Achieva&rsquo s business development, including jointly pursuing enterprise customers, cloud service providers, data centres and system integrators.
The tie-up will also include cooperation on AI infrastructure, cloud computing, storage and intelligent computing solutions. UFCT is expected to introduce differentiated products such as storage and memory solutions to strengthen Serial Achieva&rsquo s product mix and regional competitiveness.
UFCT, a Hong Kong-based electronic components distributor, holds distribution rights for semiconductor brands such as MediaTek, SK Hynix and AMD. It counts Alibaba, Tencent and ByteDance among its cloud customers.
UFCT&rsquo s parent, Shannon Semiconductor, is one of China&rsquo s largest electronics components distributors by revenue, with a market capitalisation of around 73 billion yuan (S$13.4 billion).
Sean Goh, chairman of Serial Achieva, said that the collaboration brings together highly complementary strengths and marks &ldquo an important step in positioning Serial Achieva within the rapidly expanding AI and cloud value chain in Asia&rdquo .
He added that the partnership would broaden its technology offerings, strengthen its competitiveness in next-generation storage and intelligent computing.
Both companies plan to explore deeper capital collaboration, including the possibility of UFCT increasing its shareholding in Serial Achieva over the next two to three years, subject to approvals and due diligence.
Serial Achieva has posted losses since 2022, though its net loss for FY2025 narrowed to US$0.7 million from US$6 million in the preceding year, a result of the absence of one-off reverse acquisition costs.
Its management expects that 2026 would remain challenging, citing cautious consumer sentiment and potential pricing pressure from memory shortages.
Serial Achieva signs strategic MOU with UFCT to expand AI and cloud ecosystem
https://links.sgx.com/1.0.0/corporate-announcements/ZUP2ZRZNUBV2EQM1/878386_PR-Serial%20Achieva%20signs%20strategic%20MOU%20with%20UFCT.pdf
https://links.sgx.com/1.0.0/corporate-announcements/ZUP2ZRZNUBV2EQM1/878386_PR-Serial%20Achieva%20signs%20strategic%20MOU%20with%20UFCT.pdf
Serial Achieva raises S$4.6 million at premium to support balance sheet and growth
Catalist-listed Serial Achieva : XHV -0.67% is a distributor of consumer and enterprise IT products with operations in Malaysia and Thailand. It partners brands such as MSI, Intel, Gigabyte, AMD and ViewSonic to offer products ranging from desktop central processing units and motherboards, to video graphics array cards and gaming laptops.
The group has entered into a share subscription agreement with UFCT Technology Co for the issuance of 21 million new ordinary shares at a subscription price of S$0.22 per share, raising around S$4.6 million in gross proceeds.
The subscription price represents a 21.55 per cent premium to the volume-weighted average price of the shares on Mar 10. Post-completion, the new shares will represent about 11.01 per cent of the enlarged issued share capital.
The net proceeds are intended to be used for loan repayment (40 per cent) and working capital (60 per cent).
The subscriber is a wholly owned subsidiary of Shannon Semiconductor Technology Co, a Shenzhen-listed electronic components distributor, and is subject to a six-month restriction on the disposal of the subscription shares.
For its H2 FY2025 (ended Dec 31), Serial Achieva recorded a lower net loss of US$200,000 compared with US$900,000 in H2 FY2024. This was due mainly to higher gross profit from improved margins despite lower sales, supported by larger foreign exchange gains.
Guided by its 2026 theme of strengthening capabilities and creating opportunities, the company aims to broaden its customer base, diversify revenue sources and enhance operational efficiency and talent development while actively managing external risks through disciplined inventory and credit practices.
Sell on news.. many bought at 12 series & now taking profits.. 😢
Stocky901 ( Date: 12-Mar-2026 11:41) Posted:
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Why dropped? Funny..🧐
SUBSCRIPTION OF NEW SHARES BY UFCT-
22cts per share
https://links.sgx.com/1.0.0/corporate-announcements/HCQEOYGPMHZB5FCJ/878114_SAL%20-%20Share%20Subscription%20Announcement.pdf
Trading halt pending release of announcement
Surprised today up 31% on decent vol. Usually very thinly traded. News... already known?
HOLDING ANNOUNCEMENT
The Board of Directors (the ?Board? or the ?Directors?) of Serial Achieva Limited (the ?Company?)
wishes to announce that the Company is in negotiations relating to a potential transaction involving the
shares in the Company.
Shareholders and any other investors should note that there is no certainty or assurance that any
specific or definitive transaction will eventually materialise or be carried out as a result of such
negotiations. If and when there are any material developments in this regard, the Company will make
an announcement at the appropriate time.
https://links.sgx.com/1.0.0/corporate-announcements/ZLVRYTJGM5JKBHE2/877839_09.03.2026%20SAL%20-%20Holding%20Announcement_2.pdf
HOLDING ANNOUNCEMENT
The Board of Directors (the ?Board? or the ?Directors?) of Serial Achieva Limited (the ?Company?)
wishes to announce that the Company is in negotiations relating to a potential transaction involving the
shares in the Company.
Shareholders and any other investors should note that there is no certainty or assurance that any
specific or definitive transaction will eventually materialise or be carried out as a result of such
negotiations. If and when there are any material developments in this regard, the Company will make
an announcement at the appropriate time.
https://links.sgx.com/1.0.0/corporate-announcements/ZLVRYTJGM5JKBHE2/877839_09.03.2026%20SAL%20-%20Holding%20Announcement_2.pdf
Son woke up liao....
Never say never in a bull market.
The son is super illquid.
If it runs and shorts comes in, it will perform like the mother shares
The son is super illquid.
If it runs and shorts comes in, it will perform like the mother shares
SmallSmall ( Date: 25-Sep-2025 15:16) Posted:
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Disown the son......haha
Newbeginner ( Date: 25-Sep-2025 15:07) Posted:
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Wake up
At least the son is following the mother share today.
$0.134 +$0.012
$0.134 +$0.012
Mother share up 42% @ $0.064 +$0.019 but son down at @ $0.15 -$0.019 ???
But Son Serial Achieva is the one that got the US$22 mil data centre contract
But Son Serial Achieva is the one that got the US$22 mil data centre contract
Serial Achieva secures US$22 mil contract with data centre provider to provide AI cloud services
Serial Achieva&rsquo s indirect wholly-owned subsidiary, Achieva Cloud Services, has secured a contract with a data centre provider to provide AI cloud services to a customer of the company.
The contract is valued at about US$22 million ($28.09 million) over a three year period.
The company says that this entry into the data centre sector marks a significant step in their plan into the cloud storage, AI and digital infrastructure market segment.
Achieva Cloud Services was incorporated in Malaysia on Aug 14, 2025, through the company&rsquo s wholly-owned Singapore subsidiary Achieva Cloud Services. It has a share capital of RM2, comprising two ordinary shares.
Its principal activity is the provision of co-location services, comprising rental of data centre space, provision of power supply, and related infrastructure for customers to host their IT equipment.
Achieva Tech Allianz, a subsidiary of Serial Achieva Limited, has secured a lucrative contract to supply GPU servers for a cutting-edge training cluster, valued at USD15.62 million. This project signifies a major step in the company?s expansion within the AI data center market, highlighting its prowess in delivering top-tier GPU solutions. Investors might find this development promising as it positions the company for growth in a booming tech sector.
Serial System major shareholder.
Relisting today
Relisting today