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Meyzer Group

Singapore-based robotics developer Otsaw files for a $28 million US IPO

By Uncategorized

Otsaw, a Singapore-based developer of autonomous mobile robots, filed on Monday with the SEC to raise up to $28 million in an initial public offering.

Ostaw specializes in autonomous mobile robots (AMRs) and robotics solutions, with the goal of disrupting, revolutionizing, and redefining the global facilities management industry. The company designs, develops, manufactures, markets, maintains, services, and supports various advanced AI-enabled AMRs, Ultraviolet-C disinfection systems, hospital intralogistics automated guided vehicles, and other robotics solutions, which are empowered by its proprietary core robotics software and outdoor autonomy technology.

The Singapore-based company was founded in 2015 and booked $4 million in revenue for the 12 months ended October 31, 2024. It plans to list on the Nasdaq under the symbol OTSA. Otsaw filed confidentially on January 28, 2025. Aegis Capital Corp. is the sole bookrunner on the deal. No pricing terms were disclosed.

This article originally appeared on Renaissance Capital.

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June 10, 2025
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LYC Healthcare To Raise Up To RM10.3m Via Private Placement For Business Expansion

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KUALA LUMPUR (April 12): LYC Healthcare Bhd has proposed a private placement of up to 10% of its issued shares to raise as much as RM10.3 million to finance its business expansion and working capital. Up to 46.45 million placement shares will be issued to third party investors to be identified later at a price to be determined later, the healthcare service provider said in a bourse filing. Based on an indicative issue price of 22.17 sen per placement share, the exercise is expected to raise gross proceeds of up to RM10.3 million, of which RM5.22 million is earmarked for business expansion and RM5 million for working capital. “The proceeds raised from the proposed private placement shall be utilised to partly or fully finance any suitable and viable potential businesses/investments, which may include but not limited to investments in healthcare or assets to facilitate the group’s expansion in the healthcare industry,” said LYC. The group said the private placement is expected to be completed by the second quarter. LYC’s share price finished unchanged at 25 sen on Tuesday (April 12), bringing a market capitalisation of RM116.13 million. This article originally appeared on The Edge Markets.
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April 12, 2022
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Meyzer Group Recognised For Contributions To Singapore Children’s Society

By Meyzer
Singapore-based Meyzer Group was recently recognised at the 70th anniversary of the 1000 Enterprises for Children-In-Need and 1000 Philanthropists Appreciation Event 2022 for the company’s contributions to the Singapore Children’s Society. The event took place on 23 March at PARKROYAL on Beach Road. Chairman of Meyzer Group, Mr Koh Choon Hui and the company’s CEO took to the stage with Guest-of-Honour Mr Teo Chee Hean — the Senior Minister and Coordinating Minister for National Security and Patron of the Programmes. Julian also accepted the Leading Philanthropist certificate on behalf of the Meyzer Group’s founder, Max Goh. Max was recognised as a top patron and ambassador of the Singapore Children’s Society.
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March 23, 2022
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OxPay Partners TripleA To Enable Merchants To Accept Cryptocurrency Payments

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SINGAPORE, March 14, 2022 – OxPay Financial Limited (SGX: TVV) (“OxPay” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that it has partnered TripleA, a cryptocurrency exchange holding a digital payment token license in Singapore, to offer local merchants the option of accepting payments in cryptocurrencies and receive settlement in fiat currencies. This will allow customers to shop and to spend their cryptocurrencies on their favorite brands. The joint service between OxPay and TripleA, targeted for launch first in Singapore between mid-May and June this year, will eventually be rolled out wherever OxPay and TripleA are operating. OxPay currently has a presence in Singapore, Malaysia, Thailand and Indonesia. Founded in 2017 by mobile and payments entrepreneur Eric Barbier, TripleA currently operates in Singapore, with a presence in Hong Kong, the United States, South Africa and Europe. It was awarded its digital payment token license by the Monetary Authority of Singapore in November 2021. With its easy setup, highly competitive exchange rate and no-chargebacks payment system, TripleA helps businesses to boost their revenue by accessing the growing cryptocurrency community. Cryptocurrency is steadily becoming a mode of payment in online purchases, with multinationals like Mastercard, Microsoft,...
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March 14, 2022
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LYC Healthcare Ropes In Kenanga Investors As Pre-IPO Anchor For Its Singapore Unit’s SGX Listing

By Uncategorized
KUALA LUMPUR, MARCH 1 — Kenanga Investment Bank Bhd (KIB), via its wholly-owned unit Kenanga Investors Bhd, is taking up a 25% stake in LYC Healthcare Bhd’s Singapore unit that is considering listing its healthcare business on the Singapore Exchange (SGX). Kenanga Investors inked a conditional sale and purchase agreement on Tuesday with LYC Medicare Sdn Bhd to acquire the stake, which represents 6.53 million shares in LYC Medicare (Singapore) Pte Ltd (LYC SG), for S$12.9 million (equivalent to RM39.9 million), cash. LYC Healthcare will hold the remaining 75% stake in LYC SG post-divestment. KIB is the largest shareholder of LYC Healthcare with a 17.72% stake held via Kenanga Investors (6.46%) and Kenanga Islamic Investors (10.75%), according to Bloomberg data. The second largest is LYC Capital Sdn Bhd with 11.93%. In a statement, LYC Healthcare said the disposal set a pre-money valuation for LYC SG at S$51.67 million (approximately RM159.7 million), which represents an almost doubling of LYC SG’s valuation in less than two years. LYC SG is considering listing its healthcare business on the Catalist Board of the SGX, and ZICO Capital Pte Ltd has been appointed its full sponsor for the proposed listing. “The proposed listing, which is...
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March 1, 2022
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OxPay Partners With TranSwap, A Cross-Border Payment Platform Firm, To Accelerate Financial Inclusion

By Uncategorized
SINGAPORE, February 16, 2022 — OxPay Financial Limited (SGX: TVV) (“OxPay” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that it is expanding its businesses to the United Kingdom, and adding neobanking to its platform which will enable merchants to receive international payments and gain easier access to the global market at cost-effective rates. The Company has partnered with TranSwap, a global banking-as-a-service platform with multiple central bank licenses across the United Kingdom, Singapore, Hong Kong, and Indonesia. TranSwap will integrate its neobank technology stack into the Company’s existing platform. With this partnership, OxPay will offer neobanking products such as the issuance of local and global virtual name bank accounts to clients for collection, payment and conversion of currencies, and global cross-border payment and issuance of cards. The neobanking services will be rolled out progressively, starting with global cross-border payment service, thereby providing OxPay merchants access to global multi-currency accounts. This will allow OxPay merchants to make payments to over 180 countries in 120 currencies as well as receive payments from 57 countries and store up to 34 currencies at any one time. Following this partnership, OxPay intends to expand its services to the...
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February 16, 2022
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Revez Corporation Disrupts Media Industry With Introduction of Mediatech

By Uncategorized

REVEZ Corporation (“REVEZ“), a homegrown innovation-led technology player announced today that it has acquired PGK Digital Networks (“PGK“), a Singapore-based media owner and operator of digital media networks, digital out-of-home (“DOOH“) advertising networks and digital sport networks. The acquisition is a significant boost to the Mediatech[1] landscape as REVEZ extends its technology capabilities to create greater value for PGK’s existing digital media networks and solutions. This move is strategically aligned with REVEZ’s business vision for a full value-chain digitalization for clients and partners in both private and public sectors, maximising end-to-end dollar spent. [1] Mediatech refers to the incorporation of technology to optimise engagement or outcomes between media format and audience. Embedding experiential technology in conventional out-of-home media formats creates compelling and dynamic DOOH experiences, which will effectively capture the attention of digital natives and strengthen the impact of messages. The ground-breaking acquisition synergises the knowledge and assets of both REVEZ and PGK to jointly differentiate themselves from traditional media experiences. A record-holder for “Singapore’s Largest Provider of Customised Multimedia Solutions for Museums and Galleries” in the Singapore Book of Records in 2018, REVEZ is known for their immersive multimedia technologies involving augmented reality (AR), virtual reality (VR), artificial intelligence (AI) and advanced…

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October 9, 2021
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