N2N seeks M&A opportunities

TheStar Mon, May 18, 2020 08:40am - 3 years View Original


Andrew Tiang (pic), managing director of N2N Connect Bhd: “We have a solid base and the right size to be agile. We consider ourselves as a young company willing to evolve with the emerging technologies such as blockchain and artificial intelligence."



PETALING JAYA: Armed with a war chest of some RM130mil in cash, trading platform provider N2N CONNECT BHD is on the lookout for merger and acquisition (M&A) opportunities, more regional penetration and new service offerings, said managing director Andrew Tiang.

Back in 2017, N2N acquired Hong Kong-based AFE Solutions Ltd for US$20.59mil and this helped it penetrate new markets in Asia. Now, two thirds of its revenue are derived outside Malaysia.

N2N has also since fully consolidated AFE’s earnings into its financial results.

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