The acquisition will begin with CLI buying a 40% stake in SCCP for S$280 million, with the remaining 60% will be acquired in phases over the next five years.
According to Singapore Business Review, the initial 40% stake purchase will be funded through cash and is expected to close in the first quarter of 2025. CLI will also invest at least S$524 million in SCCP’s fund strategies to help support the company’s growth. The 40% stake acquisition will increase CLI’s funds under management by S$11 billion. It will also strengthen CLI’s presence in Japan, as 76% of SCCP’s FUM is located there.Pakistan ship in Bangladesh signals historic thaw, sparks concern in IndiaHow a Trump presidency could upset Prince Harry and Meghan Markle’s futureHow good is Jannik Sinner’s 2024 season?
“My mum only gave birth to me for money,” young woman shares her mum demanded $500 monthly allowance, despite being very frugal with her since her childhoodThe rise of “throning” — The latest online dating trend in favour of boosting social status over genuine affection and meaningful connectionLee Min Ho and Gong Hyo Jin blast off in ‘When The Stars Gossip’ – Mark your calendars for an out-of-this-world premiere & space mission teasersMalaysian teen borrows RM13000 from “ah longs” just to...
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: The Straits Times - 🏆 8. / 63 और पढो »