OneApex (SGX:5SY) agreed to sell a 51% stake each in its subsidiaries, OneApex Capital and OneApex Capital 1, to its former executive director Chiu Joon Sun, according to a filing with the Singapore Exchange on Friday.
The total consideration for the proposed disposal is SG$400,000, which will be fully satisfied in cash.
The disposal is in line with the investment management company's plan to exit the financial services business, the filing said.
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