Singapore Games & Entertainment Platform Grand Centrex Limited (GCL) IPO on Nasdaq in SPAC Merger with RF Acquisition Corp at $1.2 Billion Valuation with Share Price Decreasing -69% on Day 1 Trading (IPO Price: $10, 14/2/25: $3.05) to $3.6 Billion Market Value, Raised $42.9 Million in SPAC IPO, Reports 2025 1H Revenue of $50.9 Million & Net Loss of $800,000, Founded in 2011 in Singapore by Chairman Jacky Choo, RF Acquisition Corp is a Blank Cheque Company Founded in Singapore, Chairman & CEO is Ng Tse Meng Who is Co-Founder & Chairman of Ruifeng Wealth Management and Chairman & CEO of RF Acquisition Corp II, Ng Tse Meng is ex-Private Banker from Credit Suisse, BSI, Pictet & Indosuez
18th February 2025 | Hong Kong
Singapore games & entertainment platform Grand Centrex Limited (GCL) has IPO on Nasdaq in SPAC merger with RF Acquisition Corp at $1.2 billion valuation, with share price decreasing -69% on day 1 trading (IPO Price: $10, 14/2/25: $3.05) to $3.6 billion market value. GCL raised $42.9 million in the SPAC IPO. For 2025 1H, GCL reported revenue of $50.9 million & net loss of $800,000. GCL was founded in 2011 in Singapore by Chairman Jacky Choo. RF Acquisition Corp is a blank cheque company founded in Singapore. Chairman & CEO is Ng Tse Meng who is the co-founder & Chairman of Ruifeng Wealth Management and Chairman & CEO of RF Acquisition Corp II. Ng Tse Meng is ex-private banker from Credit Suisse, BSI, Pictet & Indosuez. GCL Global Holdings Ltd unites people through games and entertainment, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market. Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms. RF Acquisition Corp – RF Acquisition is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While RF Acquisition may pursue an initial business combination target in any business, industry, or geographic location, it intends to search globally for target companies within the Southeast Asian new economy sector or elsewhere. RF Acquisition was incorporated in 2021 and is based in Singapore.
” Singapore Games & Entertainment Platform Grand Centrex Limited (GCL) IPO on Nasdaq in SPAC Merger with RF Acquisition Corp at $1.2 Billion Valuation with Share Price Decreasing -69% on Day 1 Trading (IPO Price: $10, 14/2/25: $3.05) to $3.6 Billion Market Value, Raised $42.9 Million in SPAC IPO, Reports 2025 1H Revenue of $50.9 Million & Net Loss of $800,000, Founded in 2011 in Singapore by Chairman Jacky Choo, RF Acquisition Corp is a Blank Cheque Company Founded in Singapore, Chairman & CEO is Ng Tse Meng Who is Co-Founder & Chairman of Ruifeng Wealth Management and Chairman & CEO of RF Acquisition Corp II, Ng Tse Meng is ex-Private Banker from Credit Suisse, BSI, Pictet & Indosuez “
Singapore Games & Entertainment Platform Grand Centrex Limited (GCL) IPO on Nasdaq in SPAC Merger with RF Acquisition Corp at $1.2 Billion Valuation with Share Price Decreasing -69% on Day 1 Trading (IPO Price: $10, 14/2/25: $3.05) to $3.6 Billion Market Value, Raised $42.9 Million in SPAC IPO, Reports 2025 1H Revenue of $50.9 Million & Net Loss of $800,000, Founded in 2011 in Singapore by Chairman Jacky Choo, RF Acquisition Corp is a Blank Cheque Company Founded in Singapore, Chairman & CEO is Ng Tse Meng Who is Co-Founder & Chairman of Ruifeng Wealth Management and Chairman & CEO of RF Acquisition Corp II, Ng Tse Meng is ex-Private Banker from Credit Suisse, BSI, Pictet & Indosuez
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
