Ascentium Strengthens Presence in Southeast Asia through Strategic Purchase of ZICO Corporate Services

Acquisition Announcement: Ascentium, a global business services platform based in Singapore, has acquired ZICO Holdings, enhancing its corporate services across Singapore, Malaysia, and the Philippines, along with entering the Labuan market.

Integration of Services: The acquisition will integrate ZICO's corporate services into Ascentium's operations, improving their offerings in corporate secretarial services, trust administration, and regulatory compliance for clients.

Strategic Expansion: This move is part of Ascentium's broader strategy to expand its presence in Southeast Asia, following previous acquisitions like InCorp Global, Links International, and Harneys Fiduciary.

Leadership Statements: Both Lennard Yong, CEO of Ascentium, and Datuk Kelvin Ng, CEO of ZICO, expressed optimism about the acquisition, highlighting the potential for growth and enhanced service delivery for clients through this partnership.