Digilife has sold 100% of its stake in its major subsidiary Modi Indonesia 2020 Pte. Ltd. to NFT Digital
December 2024 — Digilife Technologies Limited has completed the sale of Modi Indonesia 2020 Pte. Ltd. and its subsidiaries to NFT Digital Pte. Ltd. This disposal qualifies as a major transaction under Chapter 10 of the Catalist Rules in Singapore.
Modi Indonesia 2020, a subsidiary of Digilife Technologies, was incorporated in the Republic of Singapore on 19 September 2008. The principal business activity of the group is as an investment holding in various Indonesian companies, primarily focusing on the distribution of well-known telecommunication operators’ products in Indonesia, such as pre-paid SIM cards.
NFT Digital is a private company limited by shares, incorporated under the laws of Singapore on 19 December 2024. The company is primarily engaged in providing technology services, internet of things (IoT) solutions and cybersecurity. NFT Digital intends to continue operating Modi Indonesia 2020’s existing business through the acquisition, as it is complementary and synergistic to its principal business.
Headquartered in Singapore, Digilife Technologies was incorporated in 1993 and is listed on the Catalist Board of the Singapore Stock Exchange. The company operates in telecommunications and technology, providing telecommunication services across Southeast Asia and internationally. In Indonesia, it distributes mobile pre-paid cards for telecommunication operators and manages a distribution network of approximately 30,000 resellers plus 150 dealers and sub-dealers. The company also offers hardware infrastructure and business service integration for government and corporate clients, as well as integrated ICT solutions. Additionally, it undertakes projects involving networking, data hosting and managed service solutions. Furthermore, Digilife supplies, rents, maintains and services computer hardware and peripheral equipment.
Our role in the transaction
Oaklins’ team in Singapore acted as the financial advisor to the shareholders of Digilife Technologies regarding the disposal of their entire stake in Modi Indonesia 2020.
Talk to the deal team
Related deals
Freeway Fleet Systems has been acquired by Movement Software
Freeway Fleet Systems has been acquired by Movement Software, strengthening its position as a leading provider of fleet management and maintenance software while expanding the group’s presence into the UK market. As a strategic consolidator focused on transportation and mobility software, Movement Software will benefit from immediate product and customer synergies, with Freeway providing a strong platform for further geographic expansion across key fleet end markets.
Learn moreBIG BIO Herlev and BIG BIO Nordhavn have been acquired by Nordisk Film Biografer
BIG BIO Herlev and BIG BIO Nordhavn, two premium cinemas in the Copenhagen area, have been acquired by Nordisk Film Biografer, part of Nordisk Film, which is owned by Egmont. The acquisition expands Nordisk Film Biografer’s presence in the Danish cinema market and strengthens its premium cinema offering, adding two established venues to its portfolio.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn more