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On September 12, 2025, Concorde International Group Ltd. announced that Softbank Robotics Singapore Pte Ltd converted a US $1,000,000 convertible note into 259,082 Class A Ordinary Shares. This conversion, which included accrued interest, was executed at a conversion price of US $4.00 per share, marking a significant financial transaction for the company. The conversion of the note into equity strengthens Concorde’s financial position and reflects confidence from a major stakeholder, potentially enhancing its industry standing and shareholder value.
On August 20, 2025, Concorde International Group Ltd’s subsidiary, Concorde Singapore, entered into a Software Purchase Agreement to acquire the assets of Software Risk, a cloud-based SaaS platform for facilities management. The acquisition, announced on September 12, 2025, aims to enhance Concorde’s technology portfolio and expand its capabilities in the facilities management sector. The deal includes a cash payment, issuance of shares, and a revenue-sharing agreement. This strategic move is expected to open new revenue streams and improve Concorde’s service offerings by integrating Software Risk into its existing security solutions, thus providing comprehensive, value-driven solutions to clients.
On August 13, 2025, Concorde International Group Ltd announced a strategic partnership with Ryde Group Ltd to create job opportunities for Ryde’s driver-partners in Singapore’s facilities management and security sectors. This collaboration aims to onboard up to 5,000 driver-partners for short-term security assignments, diversifying their income and supporting manpower demand across various facilities. The initiative will utilize Concorde’s patented technology and provide specialized training to driver-partners, enhancing operational efficiency and laying the groundwork for future AI integration. Operations are expected to commence in October 2025, potentially generating significant new revenue streams and contributing to workforce transformation in Singapore.
On June 17, 2025, Concorde International Group Ltd. announced securing SG$11.6 million (approximately US$9.0 million) in new contracts from January through May 2025. These contracts, which include multi-year recurring revenue agreements, were awarded through public tenders, with some coming from Singapore government-related organizations. This achievement surpasses the total value of contracts signed in 2024, reinforcing Concorde’s position as a leading provider of integrated security services in Singapore. The company’s innovative solutions continue to gain market confidence, positioning it for further growth in both public and private sectors.
Concorde International Group Ltd. has announced a change in its independent registered public accounting firm. On August 1, 2025, the company’s Audit Committee ratified the dismissal of Kreit & Chiu CPA LLP and appointed Assentsure PAC as the new auditor. The transition comes after the previous auditor’s reports for the years ending December 31, 2024, and 2023, which contained no adverse opinions. The change aims to address previously disclosed material weaknesses in the company’s internal controls over financial reporting, including issues related to segregation of duties, staff training, and review controls.