Corporate digest

Lion Global Investors

LION Global Investors is looking to divest its 70 per cent stake in subsidiary Pacific Mutual Fund Berhad (PMF) to Bank of Singapore for RM24.9 million (S$8.16 million). The audited net tangible asset value of PMF was approximately RM21.6 million as at Dec 31, 2018. Great Eastern holds a 70 per cent stake in Lion Global. The remaining 30 per cent is held by a wholly-owned subsidiary of OCBC Bank. Bank of Singapore is OCBC's private banking arm.

RE&S Holdings