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Orangekloud Technology Issues Update on Proposed Merger with VeVe
Globenewswire· 2026-03-03 21:05
Core Viewpoint - Orangekloud Technology Inc. is actively engaged in discussions regarding a proposed merger with Orbis Technology Limited, with both parties committed to finalizing the terms of the definitive agreement [4][5]. Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that provides the eMOBIQ® No-Code platform for mobile application development and SaaS subscription-based ISV solutions [1][6]. - The company focuses on serving Small and Medium Enterprises (SMEs) and corporations, offering applications designed to digitalize and streamline operations in various sectors, including Food Services & Manufacturing, Precision Engineering, and Construction [6]. Merger Details - The company has entered into a non-binding Letter of Intent (LOI) with VeVe, a brand under Orbis Technology, and is working towards a definitive agreement [3]. - While discussions are ongoing, additional time is needed to finalize certain terms of the agreement [4]. - Management believes that the discussions remain constructive and is working diligently to complete the negotiation process [5].