Business

To Combine with Quess Corp in an All-stock Transaction is Allsec Technologies

Allsec’s subsidiaries will all change to Quess subsidiaries once the plan goes into action.

Allsec Technologies, a provider of business process outsourcing, and Quess Corp, a provider of technology-enabled staffing and outsourcing services, announced their merger in a joint statement.

Allsec’s subsidiaries will all change to Quess subsidiaries once the plan goes into action.

The Board of Directors of Allsec Technologies and Quess Corp. accepted the Scheme of Amalgamation, which among other things provides for the merger of Allsec into Quess (Scheme), during their respective meetings on June 22, 2022, according to a joint statement. For every 100 shares of Allsec owned by public shareholders, 74 shares of Quess will be distributed.

Allsec, a leader in outsourcing solutions with more than 400 clients in 37 countries, specialises in offering human resource outsourcing services and digital business services.

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