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Baker Tilly TFW Completes 3rd IPO of the Year, Congratulates Y Ventures

11 July 2017

By Admin

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Pictured: The Baker Tilly TFW team with Y Ventures CFO Chin Ngai Sung (3rd from left); Co-Founder, CEO and Executive Director Alex Low (middle); and Co-Founder, Executive Chairman and MD Adam Low.

SINGAPORE, 11 June 2017 – Baker Tilly TFW, one of the 10 largest accountancy and business advisory firms in Singapore, today completed its third IPO of 2017. Having acted as reporting accountant for Y Ventures, the firm extends its heartiest congratulations to the Singapore-based company on its successful listing on the Singapore Exchange, and placement of 35 million new shares.

Y Ventures is a data analytics driven e-commerce retailer and distributor with a presence in various online marketplaces such as Amazon, eBay, Qoo10, Lazada and Shopee.

Said Chin Ngai Sung, CFO, Y Ventures: “On behalf of Y Ventures, I would like to thank our reporting accountant, Joshua Ong and his team at Baker Tilly TFW for their solid foundation work, which was instrumental in our successful listing on the SGX-ST. Owing to their insights and advice, we were able to strengthen our accounting system, identify the most efficient listing structure, and resolve potential issues to meet the rigorous requirements of the SGX and time to market.”

Said Joshua Ong, Assurance Practice Leader, Baker Tilly TFW: “We would like to extend our heartiest congratulations to Y Ventures on going public and wish them all the best in their plans for global expansion. IPOs are complex affairs, each having its unique set of intricacies and challenges which are dependent on factors such as the industry and size of the business. At Baker Tilly TFW, our dedicated and experienced team is elated to have successfully guided another one of our valued clients in getting listed on the SGX.”

About Baker Tilly TFW

Baker Tilly TFW is one of the 10 largest accountancy and business advisory firms in Singapore. Our expert team provides a comprehensive range of services to businesses, including assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing, and corporate secretarial services. Our diverse client base ranges from family-owned businesses to listed companies and multinational organisations in a variety of sectors. To learn more, visit www.bakertillytfw.com.

About Y Ventures Group Ltd.

Y Ventures Group is a Singapore-founded data analytics driven e-commerce company with a presence on various online marketplaces in multiple countries. As an e-commerce retailer and distributor, the Group drives sales for third party brands and its private label “JustNile” on online marketplaces such as Amazon, eBay, Qoo10, Lazada and Shopee with insights that it derives from its proprietary data analytics capabilities. The Group’s business model leverages on these proprietary information for the procurement, distribution, marketing and sale of products in multiple countries across different online marketplaces. Grossing over US$12.1 million in revenue in 2016, Y Ventures Group is a fast-growing and profitable company that seeks to become a leading e-commerce company. For more information, visit www.yventures.com.sg.

Chen Minming
T: +65 6213 6482