IGEX Secures 25% Of ST ANDREWS To Bolster Sustainable Marine Aquaculture

Indo Global Exchange(s) Pte. LTD (IGEX), a prominent player in the global market, has officially announced its strategic acquisition of a 25% stake in SAINT ANDREWS, a company renowned for its dedication to sustainable marine aquaculture and the exploitation of marine resources. This significant development was disclosed through an SEC 8K Form filed on March 20, 2024, marking the culmination of several months of meticulous due diligence and negotiations. The transaction, finalized on March 18, 2024, saw IGEX securing the stake for approximately US $8.16 million, though acquired at a discounted price of $6 million.

SAINT ANDREWS stands out as a holding company that directly owns shares in various entities within the sustainable aquaculture and fish industry. Its portfolio includes hatcheries for marine species such as sea bream, sea bass, turbot, sole, oyster, and clam. Additionally, SAINT ANDREWS is at the forefront of innovation in new species development and offers high-quality ecological and gourmet marine products. With over 50 years of experience in marine aquaculture, SAINT ANDREWS aims to expand its operations by acquiring small companies related to marine activities and developing new products like seawater phytoplankton and sea salts.

The acquisition by IGEX is not just a financial investment but also a strategic move to align with companies that share a vision for sustainable and innovative exploitation of marine resources. This partnership is expected to leverage the extensive experience of SAINT ANDREWS in the field and foster growth through the introduction of new products and technologies in marine aquaculture.

However, it's important to note that this press release contains forward-looking statements based on current management expectations. These statements are subject to various risks and uncertainties that could cause actual results or events to differ materially from those anticipated. Factors influencing these outcomes include global economic conditions, market sector changes, competition levels, capital availability and costs, commercial success rates, necessary expenditure levels for service quality maintenance and improvement, economic changes, legal and regulatory modifications, unforeseen matters, and the ability to maintain strategic relationships and distribution agreements.

IGEX has expressed its commitment to keeping stakeholders informed about any developments or changes to these forward-looking statements as new information becomes available or as future events unfold. This approach underscores the company's dedication to transparency and accountability in its strategic initiatives.

This acquisition represents a significant step for IGEX in expanding its footprint in the sustainable aquaculture sector. It reflects the company's ongoing efforts to diversify its portfolio and invest in industries with strong growth potential and alignment with global sustainability goals. As IGEX continues to explore opportunities for expansion and innovation, this partnership with SAINT ANDREWS is poised to play a pivotal role in shaping the future direction of both companies.

For further details regarding this acquisition and other related filings, stakeholders are encouraged to consult the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and OTC Markets at www.otcmarkets.com.