Press Release 4th May16

VASCORY AG IN TALKS TO ACQUIRE A GLOBAL TECHNOLOGY SERVICES PROVIDER

Kuala Lumpur, MALAYSIA – 17th May 2016

Vascory AG, headquartered in Frankfurt/Main, have announced on 17 th May 2016 that talks in regards to a potential acquisition, are in progression with a Global Technology Service Provider, currently operating extensively across South East Asia, providing unrivalled solutions in the Financial Services, Facilities Management & Healthcare industries.

Rahul Rajendran – CEO of Vascory Technologies, comments, South East Asia is a strategic growth area and the acquisition of this Global Technological Services Provider, will enable the merged entity to develop, market, and support a wider service portfolio. Innovation is at the forefront of our merged operations and we are excited in delivering innovative solutions including a complete range of quality services to the ASIAN marketplace.

Rahul also commented that the details of the target company, will be disclosed following a Shareholders meeting, scheduled to take place within the couple of weeks.

For additional information on Vascory AG, please visit www.vascory.de or contact the Investor Relations at ir@vascory.de

 

Vascory Group of Companies

VASCORY IS A DIVERSIFIED GROUP OF COMPANIES THAT HAS INTEREST IN A WIDE RANGE OF INDUSTRIES RANGING FROM SMALL TO LARGE BUSINESSES ACROSS ASIA INCLUDING REAL ESTATE, CLOUD COMPUTING, TECHNOLOGY, LEISURE AND PRECIOUS METAL EXCHANGE AMONGST OTHER HIGH PROFIT SECTORS OF THE ECONOMY. VASCORY IS DRIVEN BY THE ABILITY TO BRING TO THE EQUATION, CAPITAL AND EXPERTISE AND THE ABILITY TO STRUCTURE TRANSACTIONS THAT LOOKS AFTER THE INTEREST OF ALL STAKEHOLDERS. VASCORY INVESTS IN BUSINESSES THAT INCLUDE START-UPS AS WELL AS BUSINESSES THAT ARE SEEKING TO EXPAND THEIR BUSINESS OPPORTUNITIES. IT IS AN INTERNATIONAL HOUSE WITH MANY GLOBAL RELATIONSHIPS, WHICH SUPPORT THE BUSINESSES OF THE GROUP.