SINGAPORE (July 24): OLS Enterprise is acquiring a 51% stake in Advance Capital Partners Asset Management for $1.5 million from vendor Pine Partners.

Advance Capital Partners is a registered fund management company which manages investment funds and mandates across strategies that aim to achieve medium to long term capital appreciation for its investors.

As at end May, the net book value of Advance Capital Partners is $500,000. For the 12 months ended May, the net loss of the group is $24,000.

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