The office will be in Kuala Lumpur, Malaysia and Service Malaysia, Indonesia, Singapore, Thailand and Vietnam
LADY LAKE, Fla., June 30, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Small Business Development Group, Inc. (OTC: SBDG) opens financial and business services operations in Southeast Asia. The office will be located in Kuala Lumpur, the capital of Malaysia, and will serve Malaysia, Indonesia, Singapore, Thailand and Vietnam. The transaction will be a driver of business growth and revenues for SBDG within its financial vertical.
The South East Asia SBDG office will have three main functions; 1) seek M&A opportunities for client transactions and SBDG portfolio acquisitions, 2) to facilitate the private-public process for Southeast Asian small and medium enterprises (SMEs) wishing to establish operations in United States with the goal of becoming a US state-listed company, and 3) to be an intermediary for business transactions between Southeast Asia and the United States for subsidiaries, holding companies and customers by SBDG.
“Opening of Kuala Lumpur office means SBDG enters Southeast Asia region with population of 675 million and company eager for expansion, including plenty of M&A opportunities Said Lock Sen Yow, vice president of Southeast Asia development at SBDG. “With fast growing SMEs looking to access US markets, SBDG will be their M&A advisor, IPO advisor and strategic advisor. I am delighted to be here leading the front line.
“With the opening of operations in Kuala Lumpur, we effectively have field bases in one of Southeast Asia’s major financial centers, as well as geographic access to all of Asia. We are confident that we will find acquisition targets, as well as clients for our profitable private to public services. Either way, SBDG and its subsidiaries can become the US leadership teams for Southeast Asian SMEs looking to expand into the US, ”said Roy Y Salisbury, CEO of SBDG.
Small Business Development Group, Inc. (OTC: SBDG) is a holding company listed on the OTC markets. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the field of small and medium enterprises (SMEs and SMEs) based in North America, in particular those which demonstrate modest but predictable growth and profitability. over time. Ideal candidates for acquisition have an enterprise value of between $ 2 million and $ 50 million with positive cash flow between $ 500,000 and $ 5 million. SBDG’s intention for all acquisitions is to assert or establish strong business fundamentals and drive revenue growth and profitability. SBDG’s goal is to develop and align portfolio companies with high performance verticals and deliver added value to its stakeholders.
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