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Forise International
On Dec 30, Forise International : 8A1 0% executive director Dennis Wan Jinn Woei acquired 1,409,200 shares at S$0.17 cents per share. With a consideration of S$239,564, this increased his total interest in the international advisory firm from 4.20 per cent to 7.51 per cent.
This followed his acquisition of 315,500 shares on Dec 28, and 1,473,700 shares on Dec 20 also at an average price of S$0.17 per share.
Wan was appointed to the board of Forise International on Aug 1, 2022. He has been involved with advisory industry and consultancy business over 20 years and oversees strategic direction, business development and project management of the group.
The group&rsquo s advisory solutions span corporate advisory, asset management, financial restructuring, strategic planning, commercial factoring, and management consulting.
For its H1 FY22 (ended Jun 30), Forise International reported group revenue of S$192,000, a decrease from S$275,000 in H1 FY21, mainly due to the decrease in revenue contribution from the corporate advisory services in China.
The group recognises revenue from corporate advisory contracts and management consultancy contracts when the outcome of a transaction involving the rendering of services can be estimated reliably.
Forise International
On Nov 2, Forise International Forise Int: 8A1 0% executive director Leo Peng Weile acquired 304,400 shares of the company at 10.5 cents per share.
With a consideration of S$31,962 this increased his deemed interest in Forise International from 29.10 per cent to 29.81 per cent.
Peng has over 18 years of experience in investment banking, direct investment, asset management, corporate advisory, financial restructuring advisory, and strategic planning, and has strong knowledge relating to the capital markets in China, Hong Kong, Singapore and Australia.
The principal activities of the subsidiaries of Forise International consist of corporate advisory, management consulting services and investment holding.
Counter lost almost 3/4 of value since consolidation. Prime example of the dangers of consolidation.
hem2998 ( Date: 08-Jul-2021 14:24) Posted:
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market cap soooo low for an AI biz.
DYODD.
DYODD.
Any news at this counter? I have not heard anything about this company in a while...
SmallSmall ( Date: 16-Jul-2020 09:10) Posted:
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Happy Lunar New Year to everyone here..
May Niu year brings good health not forgetting
HUAT all the way to the banks..😁
luckily i know how to cut loss .at 1.1c v high....or else now not at holland but at Africa.....lol
westpoison ( Date: 22-Jul-2020 14:18) Posted:
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I really dunno. lol Now all Holland
Contratrader ( Date: 22-Jul-2020 14:16) Posted:
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walau ah...u " suan" one or really dont know le.... share consolidation 50 into 1..all bought earlier at high prices at 7-8 all go Holland already ... lol
westpoison ( Date: 22-Jul-2020 14:08) Posted:
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This is what he meant when he said this counter can be like Kitchen Culture...laughable...
look@bright ( Date: 22-Jul-2020 13:50) Posted:
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This one so power. From just 0.005 jump to this price in such short period of time. Amazing.
ask Lowlow lo
This counter nobody play after consolidation?
Interesting..,
After consolidation float is very very small. Number of shares shrink to 42.6 mil. Do not short.
Forise Bags 5 New Consulting Contracts in India, Russia SINGAPORE, 16 July 2020 &ndash
Forise International Limited (&ldquo Forise&rdquo ), through its subsidiary Prisma Technologies Pte Ltd (&ldquo Prisma Technologies&rdquo ), has secured five new contracts to provide management consulting services for various projects in India and Russia, adding to its growing order book as businesses increasingly seek out deeptechnology applications to streamline their operations. The new contracts are worth US$1.3 million (S$1.8 million) in total and are part of a pipeline of projects that Prisma Technologies expects to secure within 12 months, which are expected to contribute positively to the financial results of Forise. Four of the five contracts are for projects in India, where Prisma Technologies will advise on the implementation of contactless healthcare IoT (&ldquo Internet-of-Things&rdquo ) solutions, a system to track and manage city traffic, as well as a facial recognition system for a local parliament office and government department. For the contract in Russia, Prisma Technologies will advise on the implementation of artificial intelligence solutions for road transport. For all five projects, Prisma Technologies will advise the respective clients on matters such as software requirements, system design, documentation, operating procedures and post-deployment testing. Barring unforeseen circumstances, the contracts are expected to have a positive impact on Forise&rsquo s financial results for the year ending 31 December 2020. Forise set up Prisma Technologies last year with Singapore-headquartered Prisma AI Corporation Pte Ltd (&ldquo Prisma AI&rdquo ) to augment its own corporate advisory and management consulting business. In business for more than 20 years now, Prisma AI has a proprietary software that incorporates visual recognition, image search, machine learning, video analysis and remote sensing capabilities. By tapping the expertise of Prisma AI, Forise &ndash through Prisma Technologies - has been able to focus on high-value management consulting work for companies from a variety of sectors that are embracing artificial intelligence to improve operational efficiency and productivity. These include companies in logistics, healthcare, aviation, land transport and cryptocurrency. The latest projects mark the fourth batch of management consulting contracts Prisma Technologies has secured in less than a year.
Forise Bags 5 New Consulting Contracts in India, Russia SINGAPORE, 16 July 2020 &ndash
Forise International Limited (&ldquo Forise&rdquo ), through its subsidiary Prisma Technologies Pte Ltd (&ldquo Prisma Technologies&rdquo ), has secured five new contracts to provide management consulting services for various projects in India and Russia, adding to its growing order book as businesses increasingly seek out deeptechnology applications to streamline their operations. The new contracts are worth US$1.3 million (S$1.8 million) in total and are part of a pipeline of projects that Prisma Technologies expects to secure within 12 months, which are expected to contribute positively to the financial results of Forise. Four of the five contracts are for projects in India, where Prisma Technologies will advise on the implementation of contactless healthcare IoT (&ldquo Internet-of-Things&rdquo ) solutions, a system to track and manage city traffic, as well as a facial recognition system for a local parliament office and government department. For the contract in Russia, Prisma Technologies will advise on the implementation of artificial intelligence solutions for road transport. For all five projects, Prisma Technologies will advise the respective clients on matters such as software requirements, system design, documentation, operating procedures and post-deployment testing. Barring unforeseen circumstances, the contracts are expected to have a positive impact on Forise&rsquo s financial results for the year ending 31 December 2020. Forise set up Prisma Technologies last year with Singapore-headquartered Prisma AI Corporation Pte Ltd (&ldquo Prisma AI&rdquo ) to augment its own corporate advisory and management consulting business. In business for more than 20 years now, Prisma AI has a proprietary software that incorporates visual recognition, image search, machine learning, video analysis and remote sensing capabilities. By tapping the expertise of Prisma AI, Forise &ndash through Prisma Technologies - has been able to focus on high-value management consulting work for companies from a variety of sectors that are embracing artificial intelligence to improve operational efficiency and productivity. These include companies in logistics, healthcare, aviation, land transport and cryptocurrency. The latest projects mark the fourth batch of management consulting contracts Prisma Technologies has secured in less than a year.