ANI History and Milestones

Asia GSA (M) Group was Established in Malaysia
2007
III began GSA operation in Thailand
2008
Asia GSA (M) Group expanded its GSA operation across SEA
2012
Asia GSA (M) Group expanded its GSA operation across SEA
2013
Asia GSA (M) Group expanded its GSA operation across SEA
2019
Group Restructuring for IPO
2021
ANI acquired Asia GSA (M)
2022
ANI submitted filing and application to the SEC/SET
2023
In 2007, Asia GSA (M) Group was established in Malaysia and began GSA operation through subsidiaries in Singapore, Malaysia, Vietnam, and Hong Kong
In 2008, III began GSA operation in Thailand
Asia GSA (M) Group expanded its GSA operation across SEA: Myanmar in 2012
Asia GSA (M) Group expanded its GSA operation across SEA: Thailand in 2013
  • In 2019, III and Mr. Thomas jointly invest in a joint venture to be the operating holding of GSA business by acquiring GSA business in Thailand, Hong Kong, Vietnam, Cambodia, and China from Asia GSA (M) Group.
  • Asia GSA (M) Group expanded its GSA operation across SEA: Cambodia in 2019
  • In 2021, both partners decided to select ANI as the Operating Holding Company for the GSA business of the Group and to be a listing entity
  • During 2021- 2022, for the purpose of IPO, ANI Group restructured by acquiring the shares of GSA operating entities from major shareholders
  • As part of the Group Restructuring for IPO, in January 2022, ANI acquired 20% of Asia GSA (M), which operates GSA business in Singapore and Malaysia
  • In December 2022: ANI acquired the remaining 80% of Asia GSA (M)
  • 26 April 2023: ANI submitted filing and application to the SEC/SET with the purpose of raising funds for Asia GSA (M) acquisition and potential business expansion
  • Target IPO within 2023