logo
HeySara Expands its Regional Footprint with the Acquisition of ILS (Hong Kong)

HeySara Expands its Regional Footprint with the Acquisition of ILS (Hong Kong)

Malay Mail20 hours ago
SINGAPORE - Media OutReach Newswire - 8 July 2025 - HeySara ( www.heysara.sg ), one of Singapore's fastest-growing corporate service providers, is pleased to announce its successful acquisition of ILS (Hong Kong), a reputable provider of corporate services and fiduciary solutions in Hong Kong and the Greater China region. Prior to the acquisition, ILS (Hong Kong) was a part of the ILS World Group.This milestone marks a valuable and meaningful step in HeySara's regional journey, bringing the company's presence into the vibrant city of Hong Kong! With the integration of ILS (Hong Kong), HeySara strengthens its ability to deliver professional, responsive, and client-focused Corporate & Fiduciary Services across key jurisdictions, including Singapore, Malaysia, Hong Kong, Mainland China, the British Virgin Islands (BVI), and the Cayman Islands.Mr. Ng Su Kai, Founder of HeySara, shared his thoughts on this exciting development:"We're absolutely delighted to welcome ILS (Hong Kong) to the HeySara family. This represents a significant step in our regional expansion journey. With our growing footprint across Greater China, we're better positioned than ever to support our global clients with broader, smarter, and faster corporate service solutions."With this acquisition, HeySara now proudly serves more than 2,600 clients worldwide — a reflection of its commitment to making cross-border business setup and growth simpler, smoother, and more human. This partnership is not just about expansion — it's about unlocking new possibilities, creating meaningful connections, and building a brighter future together.Hashtag: #HeySara
The issuer is solely responsible for the content of this announcement.
About HeySara
HeySara is a next-generation, technology-driven Corporate Service Provider (CSP) dedicated to helping small and medium-sized businesses grow across Asia. Headquartered in Singapore with offices in Malaysia and Hong Kong, HeySara empowers over 2,600 clients worldwide through a unique blend of digital innovation and deep local expertise.
What sets HeySara apart is its comprehensive, one-stop suite of corporate services—including Corporate Secretarial, Accounting, Tax, Human Resource, Immigration, and Audit services.Whether your business operates in a single market or spans multiple jurisdictions such as Singapore, Malaysia, Hong Kong, China, BVI, or the Cayman Islands, HeySara is your trusted partner for seamless cross-border corporate management. To learn more, visit www.heysara.sg
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ChemOne secures US$350m Islamic insurance cover for PEC
ChemOne secures US$350m Islamic insurance cover for PEC

The Sun

time9 hours ago

  • The Sun

ChemOne secures US$350m Islamic insurance cover for PEC

KUALA LUMPUR: Singapore-based petrochemicals, green energy and natural resources conglomerate ChemOne Group announced that the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a wholly owned subsidiary of the Islamic Development Bank (IsDB), has approved an insurance cover of US$350 million (RM1.4 billion) for Pengerang Energy Complex (PEC) in Johor. This cover is structured to support Islamic banks participating in PEC's project financing, underscoring the strong institutional confidence in PEC and its long term strategic value to the region. 'ICIEC's support is a powerful validation of PEC's financial strength and far-reaching development impact. PEC will drive regional industrial growth, create thousands of jobs, and support regional value chains, all while adhering to global standards for sustainable and responsible financing. We are honoured to lead one of Asia's most impactful private-sector led financings,' said ChemOne chief financial officer Mayank Vishnoi. The ICIEC cover is structured under a Murabaha financing facility, providing 90% cover on both principle and profit—significantly de-risking the transaction for participating Islamic banks including National Bank of Kuwait, Qatar National Bank, Al Rajhi Bank Malaysia and Al Rajhi Bank KSA. Al Rajhi Bank KSA plays the role of lead Islamic bank and a coordinator to ICIEC as well as investment agent for the Islamic financing tranche. In addition, the IsDB Group—through IsDB and the Islamic Corporation for the Development of the Private Sector (ICD)—has reinforced its commitment through a direct investment of US$150 million via Istisna-Ijara structures. The IsDB Group's total support for PEC—combining direct investments and credit enhancement—now stands at over US$500 million, marking one of the group's most substantial engagements in Southeast Asia. ICIEC is backed by AA- and Aa3 credit ratings from S&P and Moody's respectively, highlighting its strong financial fundamentals and key multilateral mandate to promote investment within member states. The PEC is envisioned as one of Southeast Asia's most advanced and sustainable energy and petrochemical facilities. Upon completion, the project will significantly boost regional supply capabilities in aromatics, clean fuels, and related products, all while adhering to international environmental, social, and governance (ESG) standards. The strong support from multilateral institutions reflects PEC's strategic role in supporting energy resilience and sustainability. The project is also aligned with Malaysia's ambitions to enhance downstream capabilities and increase the value-add in its hydrocarbon sector. Located in Johor's Pengerang Integrated Petroleum Complex (PIPC) in Johor, PEC is set to be one of the world's largest and most competitive integrated condensate splitter and aromatics facilities. It will utilise UOP Honeywell's latest LD Parex technology to maximise energy efficiency, reduce emissions, and enhance feedstock flexibility, allowing the PEC plant to become one of the most advanced energy and carbon facilities in its class. During construction, PEC will create approximately 7,000 jobs, with 300 operational roles post completion of which 80% of which will be filled by Malaysians. Local SMEs are expected to benefit from US$1.2 billion in contracts in the areas of fabrication, erection, civil work, and bulk supplies. With a projected annual export turnover of US$5 billion, PEC is poised to position PIPC as a regional oil and gas hub and propel Malaysia's position in the regional oil and gas value chain.

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai
ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

Malay Mail

time11 hours ago

  • Malay Mail

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

Enhance the professional competencies and global perspectives of participating accounting professionals Promote financial and accounting sector exchanges between Singapore and China Encourage cultural integration and the development of soft skills Support cross-border investment cooperation and contribute to global sustainable development goals SINGAPORE - Media OutReach Newswire - 8 July 2025 - The Institute of Singapore Chartered Accountants (ISCA) and the Shanghai Institute of Certified Public Accountants (SHICPA) have signed a Memorandum of Understanding (MOU) today to advance the international development of the accountancy profession and foster deeper collaboration between the accounting communities of Singapore and this collaboration, ISCA and SHICPA aim to promote the development of the accounting profession in Shanghai and Singapore, with a strong focus on professional competencies of accounting professionals and international business practices. As part of efforts to build a robust pipeline of globally attuned professionals equipped to meet the evolving demands of today's dynamic business landscape, both institutes will jointly organise a delegation of more than 20 accounting practitioners from Shanghai to participate in the "Singapore Intensive Training Programme", conducted by ISCA in programme aims to:The MOU is part of ISCA's broader efforts to further its global footprint and collaborations with other professional accountancy bodies and universities worldwide. Earlier this year, ISCA signed MOUs with Xi'an Jiaotong-Liverpool University and Nanjing University of Finance & Economics. This partnership with SHICPA marks a significant step in deepening mutual cooperation and knowledge exchange between Singapore and China – two important hubs in the global financial MOU was signed today by Ms Judy Ng, Vice President of ISCA, and Mr Fang Yifeng, Vice President of SHICPA, during an official delegation visit by SHICPA to Judy Ng, Vice-President of ISCA, said: "This collaboration with SHICPA reflects ISCA's ongoing commitment to raising professional standards and strengthening global ties within the accountancy profession. By sharing knowledge and expertise across borders, we not only support the development of individual professionals, but also contribute to the resilience and competitiveness of our firms and economies."Mr Fang Yifeng, Vice-President of SHICPA, said: "We are pleased to partner with ISCA to offer our members the opportunity to gain global perspectives and practical insights in Singapore. This programme represents a meaningful step in strengthening people-to-people ties and fostering professional exchange between Shanghai and Singapore, which are both important financial centres in the region."Hashtag: #ISCA #Accountancy #Accounting #DifferenceMakers #MOU The issuer is solely responsible for the content of this announcement. Institute of Singapore Chartered Accountants (ISCA) The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 39,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries. Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 more information, visit

Great Eastern holders vote on US$704mil OCBC delist plan
Great Eastern holders vote on US$704mil OCBC delist plan

Free Malaysia Today

time13 hours ago

  • Free Malaysia Today

Great Eastern holders vote on US$704mil OCBC delist plan

Great Eastern Holdings Ltd's independent directors have advised shareholders to accept Oversea-Chinese Banking Corp's bid. (EPA Images pic) SINGAPORE : Oversea-Chinese Banking Corp's (OCBC) final attempt to fully control Great Eastern Holdings Ltd with its S$900 million (US$704 million) bid will be tested today, capping a two-decade quest by Singapore's second-largest lender to take over the insurer. OCBC is just 6.28% shy of complete ownership, and Great Eastern's minority shareholders will vote at an extraordinary general meeting (EGM) whether to delist the 117-year-old firm with an improved bid from the bank. If rejected, OCBC's so-called 'exit offer' will lapse, paving the way for the insurer's shares to resume trading. Acquiring Great Eastern, one of the largest insurers in Singapore and Malaysia, will boost OCBC CEO Helen Wong's strategy to build an integrated financial services group that will better capture growth in the region's booming wealth management sector. The insurer has total assets of more than S$100 billion with 16 million-plus policyholders, complementing the bank's business. 'The transaction is to streamline the group structure and we also think it opens up the potential to manage group capital more efficiently,' said Jayden Vantarakis, head of equity research for Southeast Asia at Macquarie Capital. 'Still, a full takeover would have a minimal impact on earnings or strategy as OCBC is already in control,' he said. Trading in Great Eastern's shares has been suspended since July 2024 after OCBC failed to secure a sufficient level for a delisting or compulsory acquisition with last year's offer. While the bank raised its bid by 17.8% last month to S$30.15 a share, the price is still at a discount to the insurer's 2024 embedded value of S$38.08 per share. That metric has been used to value insurers elsewhere and has been cited by resistant minority shareholders urging a higher offer. Great Eastern's independent directors have advised shareholders to accept OCBC's bid, which has been described by the firm's financial adviser EY as 'fair and reasonable'. The insurer has contributed an average of about S$700 million a year in net profit to OCBC over the past 10 years, translating to an average of about 15% of OCBC's annual net profit over this period, the bank has said. 'While delisting Great Eastern has been a long-term goal for OCBC, the bank is satisfied with its 93.72% stake, regardless of the outcome of the EGM,' it said in a statement last month. 'OCBC does not intend to launch another offer in the foreseeable future,' it added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store