Great Eastern Holdings has a new subsidiary
Purchase of Pacific Mutual Fund Berhad shares has been completed.
Great Eastern Holdings Limited previously made an announcement about the conditional sale and purchase agreement entered into by its subsidiary Lion Global Investors Limited for the purchase of 3,500,000 ordinary shares in the share capital of Pacific Mutual Fund Berhad.
It represents 70% of the issued and paid-up share capital of PMFB bought from OCBC Capital (Malaysia) Sdn Bhd.
Following the completion of the transaction, PMFB has now become a subsidiary of GEH.