Synagie offers to sell e-commerce business to Gobi fund, Alibaba consortium
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Singapore-listed Synagie has offered to sell its e-commerce and logistics businesses to Synagistics, a consortium led by Meranti ASEAN Growth Fund, for S$61.7 million ($44.9 million) ... The consortium includes Alibaba Singapore Holding, Synagie co-founders Clement Lee Shieh-Peen, Zanetta Lee Yue and Tai Ho Yan, as well as Metadrome, which is Synagie’s guarantor, the company said in a filing to SGX on Wednesday ... RHT Capital has been appointed financial advisor to Synagie, while Cushman & Wakefield VHS has been tapped to provide an independent valuation of the e-commerce business, the statement said.
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