Ascentium, a global business services platform based in Singapore, has announced the acquisition of ZICO Holdings, a corporate services provider operating across key ASEAN markets. This strategic move, revealed on 21 August 2025, strengthens Ascentium’s footprint in Singapore, Malaysia, and the Philippines, whilst also marking its entry into the Labuan market. The acquisition integrates ZICO’s corporate services and trust services into Ascentium’s operations, enhancing its offerings in corporate secretarial services, trust administration, and regulatory compliance.
The acquisition builds on Ascentium’s previous expansion efforts, including its 2024 acquisition of InCorp Global, which is set to complete its brand transition by 2026. Ascentium’s Group CEO, Lennard Yong, highlighted the significance of this acquisition in advancing the company’s Southeast Asia growth strategy. “The acquisition marks an important advance in our Southeast Asia growth strategy and represents a crucial milestone towards building a leadership team with unmatched regional expertise,” Yong stated.
ZICO Holdings’ Group CEO, Datuk Kelvin Ng, expressed confidence in the transition, noting the strong reputation ZICO’s teams have built over the years. “We are confident that Ascentium’s leadership platform and global reach will enable our colleagues and valued clients to access new opportunities and enhanced solutions,” Ng said.
This acquisition underscores Ascentium’s commitment to delivering comprehensive, technology-enabled business services across the Asia-Pacific region and beyond, as it continues to expand its suite of corporate services.
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