Floating Button
The Edge Singapore
Home News M&A
Premium
M&A

OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil

Felicia Tan
Felicia Tan • 1 min read
OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil
Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

KIM Limited, the wholly-owned subsidiary of Oversea-Chinese Banking Corporation has acquired the remaining 51% stake in Horizon Asset Management from Sharosu Assets for a consideration of RM2.55 million ($838,176) on Feb 18.

The consideration, which was determined based on the mutually agreed price of RM1 per share, will be paid in cash.

The audited net tangible asset (NTA) value represented by the proposed acquisition as at Dec 31, 2019, was about RM420,000.

See also: ServiceNow said to near deal to buy Armis for up to US$7b

Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.

Shares in OCBC closed flat at $10.65 on Feb 18.

TAGS
KIM Limited
acquisitions
Shares Sharosu Assets
Oversea-Chinese Banking Corporation (OCBC)

Highlights

Trending Now
Singtel’s share price correction offers ‘better value’, says Citi with higher TP of $5.08
Seatrium earns repeat jack-up rig Kingdom 4 order from International Maritime Industries
DBS Group Research sticks with STI 10,000 target for 2040, expects index to hit 4,880 next year
Three new companies including Centurion Accommodation REIT included in iEdge Singapore Next 50 Index in Dec
Mapletree Pan Asia Commercial Trust to divest Festival Walk Tower in Hong Kong for HK$1.96 bil
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
Topics
Broker's CallsCompany in the newsResults
Banking & financePropertyAll flash categories
Products & Services
NewsNewsletterVideosOptions
SG60AdvertisingT&CsSitemap
About Us
Our CompanyContact UsEditorial TeamJoin Us
Advertise with usFAQsPrivacy PolicyMalaysiaEvents
© 2025 The Edge Publishing Pte Ltd. All rights reserved.