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?
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Source: The Straits Times - 🏆 8. / 63 Read more »