Fund and Wealth Management (Coming Soon)

Our Group intends to enter the Fund and Wealth Management Business to generate recurring fee-based income from managing third-party investment funds and provision of wealth management services, via acquiring Capital Markets Sservices-licensed fund management companies and/or setting up a fund management company in Singapore. On 28 April 2022, the Group acquired 100% equity interest in GEM Asset Management Pte. Ltd. (“GEM”), a Singapore-based CMS-licensed fund management company. GEM has clinched a deal to provide investment advisory services to a family office.

Highlights

1. AUM: S$500 million as of 31 Dec 2022
2. No. of Funds under management: 5 Funds as of 31 Dec 2022