Asia Pacific : Strategic Public Relations Group (“SPRG” or the “Group”) has acquired a 20% stake in Financial & Corporate Relations Pty Limited (“FCR”), a leading Australian IR/financial communications agency. The latest exercise aligns with the objective of the Hong Kong-based public relations network to continue growing its footprint in the Asia Pacific.

Founded in 1985 by Anthony Tregoning, who is also the Managing Director, FCR is a 15-staffer independent strategic consultancy that specialises in investor, corporate and financial communications. Over the past 34 years, it has engaged in more than 250 campaigns, involving capital raisings, cross-border mergers and acquisitions, as well as numerous international exchange listings. Its excellence in strategic development and campaign delivery has made the company a multiple-award winner, especially in the investor relations and financial communications arenas. FCR also operates its own corporate design, publishing and production operations – a capability that allows them to offer clients holistic, value-added design services.

“I am extremely pleased to welcome FCR to the SPRG family,” commented Richard Tsang, Founder and Chairman of SPRG. “The link-up between SPRG and FCR will not only strengthen the capabilities and service offerings of both parties, but will also allow the two companies to seize new business opportunities. In addition, we will be able to combine our specialist skills in IR, 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. As we better serve our clients, we will undoubtedly be able to better enhance our competitiveness, which can only be a good thing.”

In total agreement, Anthony Tregoning said: “Richard and I share very similar values and goals; we are both highly competitive, believe in delivering the best services and are continuously seeking progress. Richard has certainly made a name for SPRG, which has a successful track record in IPO/IR communication as reflected by 440 listings completed to date, including in many prominent, first of its kind IPOs. What’s more, SPRG is well connected with the investment community and experts in Hong Kong and across Asia, and its influence is further bolstered by 170 listed retainer clients, comprising numerous multinational and local financial institutions. All of these strengths support our decision to join hands with SPRG. Together we will seek to generate synergies that result in comprehensive, integrated and seamless communication services for our clients. It is worth noting as well that having seen a significant increase in the number of Australian companies expanding offshore in recent years, including such popular Asian markets as Hong Kong, China and Singapore, we believe that SPRG’s strong presence in these locations will provide distinct advantages for our clients and us.”