RE: Semnet value19 Nov 2024 10:17
Following the completion of the acquisition of 66.67% of the share capital of Semnet Pte Ltd ("Semnet"), a cybersecurity company based in Singapore, as announced by the Company on 29 February 2024, Semnet has been successfully integrated into the Group's operations. In addition to providing significantly enhanced cybersecurity support to the Group's operations, Semnet has been successful in winning additional third-party business, including a US$36 million revenue contract with Ypsilon Technology Pte. Ltd. Semnet is trading ahead of the GST Board's expectations and the business is achieving significant profitable growth.
From April 2024. They basically told us then what Semnet was going to be worth.