EPIC Surabaya 2015 - National Stock Exchange of Australia
NSX ANNOUNCEMENT 11 December 2015
- EPIC Surabaya 2015: CoAssets solidifies foothold in the Indonesian market by gaining strong support from the East Java Government -
Success of recent EPIC event in Surabaya, Indonesia, resulting in the support of the Government run East Java Investment Board Letter of Intent (LOI) signed with the East Java Investment Board for two additional EPIC events in 2016 Two memorandum of understanding agreed with local universities to promote crowdfunding
Australian listed real estate crowdfunding platform CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), is pleased to announce that the Company hosted its first EPIC (Expo for Property, Investing and Crowdfunding) event in Surabaya, Indonesia, on Monday 7 and Tuesday 8 December. The event was organised in conjunction with CoAssets’ Indonesian joint venture Java Land Promisia Indonesia and will pave the way for more campaigns and initiatives in the country. This was an expo over two days with more than 500 attendees. Delegates included the Chairman of the East Java Investment Board and the Governor of East Java. While Bank Mandiri, Indonesia’s national bank, was a major partner of the event, in addition to educational institutions, Indonesian European University and Ciputra University The aim of the event was to raise awareness of crowdfunding and CoAssets in Indonesia. Most encouragingly, EPIC demonstrated the Government’s support towards technological innovation in the financial sector. The East Java Investment Board sees the vast potential that financial technology and investment platforms can bring to support small and medium enterprises and entrepreneurs in East Java. Riding on the success of EPIC Surabaya, a LOI (letter of intent) was signed with the East Java Investment Board (EJIB) for PT CoAssets Javaland Indonesia to organize two EPIC events in 2016. In addition, two MOU (memorandum of understanding) were agreed with local universities, University Ciputra and Indonesian European University (IEU), to work with students and faculties to promote crowdfunding as an alternative way to fund new business and start-ups. Commenting on the news, CEO of CoAssets Mr Getty Goh said: "This is a good debut event for CoAssets. Prior to this event, not many people knew of CoAssets in Indonesia, but through this trade conference I'm pleased to note that we have gained significant prominence within East Java." “It has also been great to receive the support of the East Java Investment Board, together with the Governor’s Office, which shows that governments are starting to recognize the potential of crowdfunding and of financial technologies more broadly.
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
It is not easy to get a government official as high ranking as a provincial governor to grace the event and the fact that he attended is a recognition of the credibility of our platform and the industry we are in.” "Our approach of engaging users, while novel is quite effective. A case in point would be our user conversion rates. Based on our statistics, our funder conversion rate is actually on par with international platforms like Kickstarter and Indiegogo. However, what is interesting is the difference in funding size. Based on independent research, the average funding size per active user is roughly US$160 (according to 2014 Kickstarter figures). Whereas our average funding size is about US$21,000 -, which means that, we derive more from our funder base. Therefore by working with government agencies and education bodies to add more to the local ecosystem, we are confident that crowdfunding will become more commonly adopted." CTO of CoAssets Dr Seh Huan Kiat commented: “We are excited by the MOUs signed with local universities, as working with educational institutions is a great way to promote crowdfunding and a sustainable way for us to acquire users from an early stage. “ “We are also very proud of our EPIC events which are delivering successful investment transactions and increased awareness of crowdfunding.”
Dr H. Soekarwo, East Java Governor, gracing the event
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
Assistant Governor on Economic & Development - Ir Hadi Prasetyo
CTO with EJ Governor and Mandiri Bank representative -ENDS-
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
For Further Enquiries, please contact: Dan Smith, CoAssets Non-Executive Director
Elodie Castagna, FTI Consulting
Direct: +61 8 9486 4036 Mobile: +61 (0) 417 978 955
Office: +61 9485 8888 Direct: +61 8 9485 8818 Mobile: +61 (0) 432 120 061
About CoAssets.com (NSX Code: CAX) CoAssets (www.coassets.com) is South-East Asia’s leading crowdfunding platform that is listed on the National Stock Exchange of Australia. It is not licensed and/or regulated by the Monetary Authority of Singapore. Officially launched in Singapore in July 2013, it currently has more than 30,000 registered users. In terms of deals, since December 2014, the total value of deals listed on CoAssets is more than S$300 million (US$214 million) and the amount successfully funded currently stands at more than S$40 million (US$28 million). The company recently won the Red Herring Top 100 Asia Award for 2014, as well as OPP Gold Award for Excellence and currently has offices in Australia, Malaysia and Singapore. About Getty Goh Mr Getty Goh is the Chief Executive Officer and Co-Founder of CoAssets. He has a Masters of Real Estate as well as a Bachelors of Building from the National University of Singapore. He is also a director with Ascendant Assets Pte Ltd. In 2012, Getty was awarded the Successful Entrepreneur Platinum Award as well as Promising SME 500 Platinum Award. Getty is also an accomplished writer and speaker. He is frequently invited to share insights on the Singapore property market at public seminars. Apart from that, Getty contributes regularly to The Sunday Times, Property Report magazine, iProperty.com, Yahoo.com, etc. About Dr Seh Huan Kiat Dr Seh Huan Kiat is the Chief Technical Officer and Co-Founder of CoAssets. He holds a Doctoral Degree from Massachusetts Institute of Technology and a Bachelors Degree from Imperial College London. He had previously worked at Intel Corp in the United States for more than 6 years. Huan Kiat is also a real estate investor and manages a multi-million dollar investment portfolio.
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
- EPIC Surabaya 2015: CoAssets solidifies foothold in the Indonesian market by gaining strong support from the East Java Government -
Success of recent EPIC event in Surabaya, Indonesia, resulting in the support of the Government run East Java Investment Board Letter of Intent (LOI) signed with the East Java Investment Board for two additional EPIC events in 2016 Two memorandum of understanding agreed with local universities to promote crowdfunding
Australian listed real estate crowdfunding platform CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), is pleased to announce that the Company hosted its first EPIC (Expo for Property, Investing and Crowdfunding) event in Surabaya, Indonesia, on Monday 7 and Tuesday 8 December. The event was organised in conjunction with CoAssets’ Indonesian joint venture Java Land Promisia Indonesia and will pave the way for more campaigns and initiatives in the country. This was an expo over two days with more than 500 attendees. Delegates included the Chairman of the East Java Investment Board and the Governor of East Java. While Bank Mandiri, Indonesia’s national bank, was a major partner of the event, in addition to educational institutions, Indonesian European University and Ciputra University The aim of the event was to raise awareness of crowdfunding and CoAssets in Indonesia. Most encouragingly, EPIC demonstrated the Government’s support towards technological innovation in the financial sector. The East Java Investment Board sees the vast potential that financial technology and investment platforms can bring to support small and medium enterprises and entrepreneurs in East Java. Riding on the success of EPIC Surabaya, a LOI (letter of intent) was signed with the East Java Investment Board (EJIB) for PT CoAssets Javaland Indonesia to organize two EPIC events in 2016. In addition, two MOU (memorandum of understanding) were agreed with local universities, University Ciputra and Indonesian European University (IEU), to work with students and faculties to promote crowdfunding as an alternative way to fund new business and start-ups. Commenting on the news, CEO of CoAssets Mr Getty Goh said: "This is a good debut event for CoAssets. Prior to this event, not many people knew of CoAssets in Indonesia, but through this trade conference I'm pleased to note that we have gained significant prominence within East Java." “It has also been great to receive the support of the East Java Investment Board, together with the Governor’s Office, which shows that governments are starting to recognize the potential of crowdfunding and of financial technologies more broadly.
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
It is not easy to get a government official as high ranking as a provincial governor to grace the event and the fact that he attended is a recognition of the credibility of our platform and the industry we are in.” "Our approach of engaging users, while novel is quite effective. A case in point would be our user conversion rates. Based on our statistics, our funder conversion rate is actually on par with international platforms like Kickstarter and Indiegogo. However, what is interesting is the difference in funding size. Based on independent research, the average funding size per active user is roughly US$160 (according to 2014 Kickstarter figures). Whereas our average funding size is about US$21,000 -, which means that, we derive more from our funder base. Therefore by working with government agencies and education bodies to add more to the local ecosystem, we are confident that crowdfunding will become more commonly adopted." CTO of CoAssets Dr Seh Huan Kiat commented: “We are excited by the MOUs signed with local universities, as working with educational institutions is a great way to promote crowdfunding and a sustainable way for us to acquire users from an early stage. “ “We are also very proud of our EPIC events which are delivering successful investment transactions and increased awareness of crowdfunding.”
Dr H. Soekarwo, East Java Governor, gracing the event
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
Assistant Governor on Economic & Development - Ir Hadi Prasetyo
CTO with EJ Governor and Mandiri Bank representative -ENDS-
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
For Further Enquiries, please contact: Dan Smith, CoAssets Non-Executive Director
Elodie Castagna, FTI Consulting
Direct: +61 8 9486 4036 Mobile: +61 (0) 417 978 955
Office: +61 9485 8888 Direct: +61 8 9485 8818 Mobile: +61 (0) 432 120 061
About CoAssets.com (NSX Code: CAX) CoAssets (www.coassets.com) is South-East Asia’s leading crowdfunding platform that is listed on the National Stock Exchange of Australia. It is not licensed and/or regulated by the Monetary Authority of Singapore. Officially launched in Singapore in July 2013, it currently has more than 30,000 registered users. In terms of deals, since December 2014, the total value of deals listed on CoAssets is more than S$300 million (US$214 million) and the amount successfully funded currently stands at more than S$40 million (US$28 million). The company recently won the Red Herring Top 100 Asia Award for 2014, as well as OPP Gold Award for Excellence and currently has offices in Australia, Malaysia and Singapore. About Getty Goh Mr Getty Goh is the Chief Executive Officer and Co-Founder of CoAssets. He has a Masters of Real Estate as well as a Bachelors of Building from the National University of Singapore. He is also a director with Ascendant Assets Pte Ltd. In 2012, Getty was awarded the Successful Entrepreneur Platinum Award as well as Promising SME 500 Platinum Award. Getty is also an accomplished writer and speaker. He is frequently invited to share insights on the Singapore property market at public seminars. Apart from that, Getty contributes regularly to The Sunday Times, Property Report magazine, iProperty.com, Yahoo.com, etc. About Dr Seh Huan Kiat Dr Seh Huan Kiat is the Chief Technical Officer and Co-Founder of CoAssets. He holds a Doctoral Degree from Massachusetts Institute of Technology and a Bachelors Degree from Imperial College London. He had previously worked at Intel Corp in the United States for more than 6 years. Huan Kiat is also a real estate investor and manages a multi-million dollar investment portfolio.
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 7 Temasek Boulevard, #18-03B, Suntec Tower One, Singapore 038987 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
