OneApex Completes Sale of 51% Stake in Two Units to Exit Financial Services Business

Trading View
2025.02.07 05:17
portai
I'm PortAI, I can summarize articles.

OneApex compelted the disposal of a 51% stake each in its subsidiaries, OneApex Capital and OneApex Capital 1, to its former executive director Chiu Joon Sun, according to a filing with the Singapore Exchange on Thursday. The total consideration for the proposed disposal was SG$400,000, which will be fully satisfied in cash. The disposal is in line with the investment management company's plan to exit the financial services business, the filing said.

OneApex compelted the disposal of a 51% stake each in its subsidiaries, OneApex Capital and OneApex Capital 1, to its former executive director Chiu Joon Sun, according to a filing with the Singapore Exchange on Thursday.

The total consideration for the proposed disposal was SG$400,000, which will be fully satisfied in cash.

The disposal is in line with the investment management company's plan to exit the financial services business, the filing said.

Source: Trading View The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer