Its stake represents 33% of the issued share capital of the firm.
OUE’s wholly-owned subsidiary OUE Investments has sold and transferred its entire equity stake in GIC-backed investment firm Nuvest Capital for $1m, an announcement revealed.
OUE Investments sold its stake, which represents 33% of the issued share capital of Nuvest Capital, to Aje Kumar Saigal who previously held the remaining 67% shareholding interest in Nuvest Capital.
Following the completion of the disposal, Nuvest Capital has ceased to be an associated company of OUE.
Do you know more about this story? Contact us anonymously through this link.