---
title: "The family office under Far East Group acquires a stake in oat milk manufacturer Oatside | Lianhe Zaobao"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/270970699.md"
description: "Far East Capital, a family office under the Far East Group, has purchased a partial stake in oat milk manufacturer Oatly for up to $4.57 million. Oatly was founded in 2020 and is headquartered in Singapore, with a valuation of $700.5 million. This stake comes from early investor Mugi Capital, which has held shares in the company since 2021 and has halved its holdings"
datetime: "2025-12-29T08:53:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270970699.md)
  - [en](https://longbridge.com/en/news/270970699.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270970699.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/270970699.md) | [繁體中文](https://longbridge.com/zh-HK/news/270970699.md)


# The family office under Far East Group acquires a stake in oat milk manufacturer Oatside | Lianhe Zaobao

Far East Organization's family office Far East Capital has acquired a portion of the equity in Oatside, an oat milk manufacturer, from early investor Mugi Capital.

Oatside was established in 2020 and is headquartered in Singapore. In addition to real estate, Far East Organization's businesses also include the well-known beverage and food company Yeo Hiap Seng. The group's family office, Far East Capital, purchased the relevant equity in Oatside from Mugi Capital.

According to technology media Tech in Asia on Monday (December 29), Mugi Capital has held equity in Oatside since 2021. Mugi Capital also sold its shares to other existing shareholders of Oatside, reducing its stake by half. At a price of $240 per share (308 SGD), the total value of the shares sold by Mugi Capital could reach $35.3 million, while the shares purchased by Far East Capital are valued at up to $4.57 million. Oatside's valuation is $705 million.

#### Further Reading

What milk do you add to your coffee? Cambridge graduate sells oat milk to 300,000 stores

Oatside's director Angeline Ooi, who previously owned Mugi Capital, is no longer a shareholder or director of Mugi Capital but still holds equity in Oatside.

Oatside declined to disclose details of the equity transaction when approached by Tech in Asia.

Since its establishment, Oatside has raised $104 million in funding and doubled its revenue last year

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- [Far East (5TJ.SG)](https://longbridge.com/zh-CN/quote/5TJ.SG.md)

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