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Mobile and AIMing high
Dec 04, 2013

SyQic announced on 4 December the admission of its shares to trading on AIM in conjunction with gross placing proceeds of £2.45 million. SyQic is a fast growing 'over-the-top' (OTT) provider of live TV and on-demand paid video content across mobile, internet-enabled consumer electronics devices, such as mobile phones and tablets. SyQic has established relationships with both content providers and service distributors and provides a mobile video service that enables end-users to gain access to content from anywhere and at any time on easy-to-navigate software.

SyQic's current focus is the Asian market, together with global migrant and expatriate communities. It is headquartered in the UK and has its main back-end offices and servers in Malaysia and Singapore. In October 2013, SyQic achieved approximately 1.04 million subscription transactions across its core markets in Malaysia, the Philippines and Indonesia.

Crowe Clark Whitehill acted as reporting accountant to the transaction, with its capital markets team led by Robin Stevens and Paul Blythe.

Robin Stevens, partner at Crowe Clark Whitehill, said:
“We are delighted to have supported SyQic through the admission process and we look forward to working with the team during the next phase of the company’s development.”

Jamal Hassim, CEO of SyQic, said:
“Crowe Clark Whitehill was an integral part of our IPO team and we would recommend them to other companies seeking an admission to AIM.”