Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, November 08 2019 - 23:16
Fintech Achiko Limited lists its shares on the SIX Swiss Exchange
ZURICH, Nov. 8, 2019 /PRNewswire-AsiaNet/ --

Achiko Limited ("Achiko", ISIN KGY0101M1024), a leading provider of game 
payment services in Indonesia, today lists its 89'632'142 shares on the SIX 
Swiss Exchange at a reference price of USD 0.70 per share. The free float 
amounts to 41.2 percent at the time of the listing.

Logo - 

"Our decision to list on the Swiss stock exchange SIX is a strategic choice, 
taken with a long-term view. Switzerland is a vibrant and growing hub for 
Fintech innovation with a strong and supportive regulatory environment. We are 
planning to open a local branch here in Switzerland to support strategic 
partnerships in Europe." said Allen Wu, Chairman of Achiko. "We are delighted 
to be listed at SIX Swiss Exchange and look forward to continuing Achiko's 
success story with our expanded investor base."

Achiko provides payment solutions for games and digital commerce through 
different channels such as telephone bill, stores, e-wallets and ATMs. It 
constantly seeks applications that go beyond the gaming market. Following the 
listing of its shares at SIX Swiss Exchange, Achiko will continue to evaluate 
such applications with the aim to provide a broader range of financial services.

In Achiko's starting primary market in Indonesia, about half of the 
approximately 260 million inhabitants do not have a bank account, and for those 
who have a bank account the level of credit card and consumer credit options 
remain low. Worldwide, the number of people who do not have their own bank 
account is estimated at around 1.7 billion. In addition to Achiko's current 
activities in Indonesia, Thailand and also the Philippines, Myanmar and Vietnam 
are among the most important target markets for regional expansion.

About Achiko

Achiko is the holding company of the Mimopay and Kryptonite businesses. The 
group has branch offices in Indonesia, Hong Kong, Singapore and South Korea.

Achiko has an experienced management team which has a track record building 
internationally recognised digital businesses and has also implemented them for 
companies like Disney, TimeWarner (now WarnerMedia), Samsung, Kakao, Leon 
Entertainment and many others.

Achiko has significant shareholders such as MNC Group, the largest media 
company in Southeast Asia. Its shareholder base also includes MOX, China's 
largest venture capital company focussing exclusively on the mobile sector and 
one of the three largest global VC companies in this field.

Further information can be found on

Press Contact 

Germany and Austria 
Axel Muhlhaus/ Dr. Sönke Knop 
edicto GmbH 
T: +49-69-90-55-05-51 

Marcus Balogh 
Farner Consulting Ltd. 
T: +41-44-266-67-67 


This publication constitutes neither an offer to sell nor a solicitation to buy 
securities of the Company and it does not constitute a prospectus or a similar 
communication within the meaning of article 652a, 752 and/or 1156 of the Swiss 
Code of Obligations or a listing prospectus within the meaning of the listing 
rules of the SIX Swiss Exchange. The listing is being made solely by means of, 
and on the basis of, the published securities prospectus (including any 
amendments thereto, if any). An investment decision regarding the securities of 
the Company should only be made on the basis of the securities prospectus. The 
prospectus is available free of charge in Switzerland, for 12 months following 
the first day of trading at ISP Securities AG, Bellerivestrasse 45, 8008 
Zurich, Switzerland and at Achiko Limited, HLX Management Limited, 5th Floor, 
Anderson Square Building, 64 Shedden Road, P.O. Box 31325 SMB, Grand Cayman 
KY1-1206, Cayman Islands (email:

This communication is being distributed only to, and is directed only at (i) 
persons outside the United Kingdom, (ii) persons who have professional 
experience in matters relating to investments falling within article 19(5) of 
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 
(the "Order") or (iii) high net worth entities, and other persons to whom it 
may otherwise lawfully be communicated, falling within Article 49(2) of the 
Order (all such persons together being referred to as "Relevant Persons"). Any 
investment or investment activity to which this communication relates is 
available only to Relevant Persons and will be engaged in only with Relevant 
Persons. Any person who is not a Relevant Person must not act or rely on this 
communication or any of its contents.

This communication does not constitute an "offer of securities to the public" 
within the meaning of Regulation 2017/1129 of the European Union (the 
"Prospectus Regulation") of the securities referred to in it (the "Securities") 
in any member state of the European Economic Area (the "EEA"). Any offers of 
the Securities to persons in the EEA will be made pursuant to an exemption 
under the Prospectus Regulation from the requirement to produce a prospectus 
for offers of the Securities.

The securities referred to herein have not been and will not be registered 
under the US Securities Act of 1933, as amended (the "Securities Act"), and may 
not be offered or sold in the United States or to US persons (as such term is 
defined in Regulation S under the Securities Act) unless the securities are 
registered under the Securities Act, or an exemption from the registration 
requirements of the Securities Act is available. The issuer of the securities 
has not registered, and does not intend to register, any portion of the 
securities in the United States, and does not intend to conduct a public 
offering of securities in the United States.

This communication is not for distribution in the United States, Canada, 
Australia or Japan. This communication does not constitute an offer to sell, or 
the solicitation of an offer to buy, securities in any jurisdiction.

SOURCE Achiko Limited