SINGAPORE (Sept 13): OLS Enterprise has entered into a share purchase agreement with seller Sun May Gze to acquire a 100% stake in BSDCN, an investment holding company, for about $6.02 million.

BSDCN holds a 9.98% shareholding interest in Pine Asia Asset Management which is valued at US$44.3 million ($59.6 million), which was taken into account when determining the consideration amount.

Pine is a Korean asset management company that manages a variety of both public and private investment funds, focusing on investments, primarily in Asia, in equity securities, real estate and fixed income securities.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook