Aplex V.A. Limited merges with TLC to soar to a greater height
June 6, 2020, Kuala Lumpur – Global trade advisory institution Aplex V.A. Limited (AVA) and Throne Legacy Capital (TLC), the world’s leading tech-driven investment management platform, recently completed their merger through a signing ceremony at IBH Kuala Lumpur Marketing Office 2. The signing ceremony was graced by guest of honour IBH Investment Bank Limited managing director & chief executive officer Dato’ Howard Choo and Limestone FX chief executive officer Vladimir Lem.
The merging of Throne Legacy Capital (TLC) and Aplex V.A. Limited (AVA) into a multidimensional, multinational, and technologically integrated financial company is expected to bring greater value to both organisations. The resulting new joint organisation would also benefit its investors and the financial industry.
The consolidation will result in more experts globally in different areas, while growing the wealth of their investors, by generating stable long-term income, through a mutually beneficial environment, with a rich diversified selection of capital investment channels. The benefits can include lower costs, increased revenue and profits, and synergy from specialised managerial expertise.
Aplex V.A. Limited chief executive officer Kyle Grandham said, “The idea for the merger came about last year when we were introduced to the TLC team by one of our business partners. Initially, conversations focused on a strategic alliance partnership but we finally settled on mergers and acquisitions after considering the two companies’ progressive development.”
“Following this, AVA and Limestone FX were established to start off the group on a new chapter, while at the same time utilise the rich resources accumulated over the years. We were formerly a private equity financial group founded by experienced professionals. We create value for our clients by offering unique insights based on decades of exposure in the industry.”
“This latest move is our first step in paving our way towards entering the Asian market by boosting the capabilities of our expert and management teams, as well as developing fintech products that will benefit the global market.”
TLC chief executive officer Carl Ronny commented, “We were excited when AVA’s management approached us to this Merger and acquisition. We know that it is an opportunity for great leap forward. We look forward to continuing and strengthening this relationship, and we are excited about the prospect of building a dynamic partnership with AVA, which has a well-deserved reputation for risk management, professional service and satisfaction throughout the finance industry.”
“In the 6-month M & A preparation process, the Global wealth fund (GWF), which we jointly launched with AVA for the first time, also achieved good results. I know that my colleagues and I share the same feeling of excitement and optimism when we think of the wonderful possibilities that can come about as our two authorities enter this historic relationship.”
IBH Investment Bank Limited managing director & chief executive officer Dato’ Howard Choo said, “I am grateful and proud that AVA has appointed IBH as their Financial Adviser in connection with the merger with TLC. The combination of TLC, AVA, and Limestone provides a complete investment service ecosystem, guided by IBH Investment Bank advising on compliance, governance, and M&A activities. All parties are fully committed to strengthening the investment risk management framework that had served the foundation between TLC and IBH a year ago.”
“Going forward, the new structure will further strengthen regulatory expectations and give its customers stronger confidence and sustained returns.”
Limestone FX chief executive officer Vladimir Lem added, “In recent years, the foreign exchange market has been growing, showing that investors have confidence in this unique financial product. I believe everyone is also looking forward to how we can achieve outstanding results in the future. AVA, Limestone FX, and TLC, through closely integrated cooperation, will be able to improve the companies’ trading strategy and operating efficiency significantly, and return benefits to customers who have always supported us.”
Following the merger signing ceremony, the signing ceremony of title sponsorship between Legacy Racing Team and AVA was held. Legacy Racing Team boss Kelvin Liang was present at the ceremony.
AVA is proud to support Legacy Racing Team as it makes its GT World Challenge Asia debut this year with an Am class-entered Mercedes-AMG GT3. AVA partners with the team as it races in Asia’s most prestigious GT series and competes with the rest of the established teams and drivers in the championship.