SPRG acquires stake in Australian IR and financial communications agency

SPRG has acquired a 20% stake in Australian investor relations and financial communications agency Financial & Corporate Relations (FCR).Aiming to extend its footprint in Asia Pacific, SPRG hopes to bolster investor relations, corporate and financial communication offerings in this acquisition.“The link up between SPRG and FCR will strengthen the capabilities and service offerings of both parties. It will also allow the two companies to seize new business opportunities,” said Richard Tsang, founder and chairman of SPRG.“In addition, we will be able to combine our specialist skills in investor relations, corporate and financial communications to better address clients’ needs such as accelerating their pace of market penetration; handling roadshows, investor meetings and presentations; conducting shareholder analysis; and improving stakeholder engagement.”FCR, founded by Anthony Tregoning, who also serves as managing director, is a 15-staff independent strategic consultancy specialising in investor, corporate and financial communications. Since its inception in 1985, the company has been involved in capital raising, cross-border mergers and acquisitions, as well as numerous international exchange listings.“Together, we (SPRG and FCR) will seek to generate synergies that result in comprehensive, integrated and seamless communication services for our clients,” Tregoning said.“It is worth noting that having seen a significant increase in the number of Australian companies expanding offshore in recent years, including Hong Kong, China and Singapore, we believe that SPRG’s strong presence in these locations will provide distinct advantages for our clients and us.”