Evergreen Corporation
EVGRW
NASDAQ Global Select0.04
USD
- -
- -
CIK
0001900402
ISIN
KYG3312W1179
CUSIP
G3312W117
Return %
Stock
S&P500
1Y
-20.18
26.53
3Y
-78.05
76.60
5Y
-78.05
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Choon Lian Liew
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 15-04, The Pinnacle Petaling Jaya Malaysia 47810
- CIK
- 0001900402
- Similar Companies
- Business
- Evergreen Corporation is a special purpose acquisition company (SPAC) focused on identifying and merging with high-growth technology companies. Founded in 2021 and headquartered in Kuala Lumpur, Malaysia, the company primarily engages in effecting mergers, share exchanges, asset acquisitions, and stock purchases. Its core business revolves around technology investments targeting firms with large and growing addressable markets, significant revenue growth, defensible business models, and leading research capabilities. Evergreen operates globally with a focus on markets where technology-driven growth and innovation are prominent. The company's main products and services stem from its role as an investment vehicle designed to facilitate business combinations with technology companies, rather than manufacturing or direct product sales. Its strategic activities include capital raising, merger agreements, transaction structuring, and business scaling through acquisitions and partnerships. Evergreen’s investment targets typically encompass sectors such as artificial intelligence, augmented intelligence, and technology services. In late 2024, Evergreen Corporation entered into a definitive merger agreement with Forekast Limited, a provider of augmented intelligence services integrating AI-driven insights across global markets. This deal, valued at $105 million enterprise value, marks a significant strategic shift toward AI-powered growth expansion and aims to enhance research, market reach, talent acquisition, and strategic acquisitions post-merger. The combined entity will operate as Forekast Group. Additionally, Evergreen recently announced the acquisition of CT Group, an Australian information technology service provider specialized in business technology solutions, further expanding its managed IT service footprint in Australia with eight acquisitions in 2024. Evergreen’s operational focus remains on expanding its portfolio through mergers and acquisitions within the technology landscape, driving growth via strategic business combinations and funding initiatives. The company continues to pursue opportunities aligning with its technology-centric growth strategy and market expansions while maintaining its corporate headquarters in Kuala Lumpur with global investment and operational reach. The CEO and director is Choon Lian Liew.