Metro Holdings sets up 2 new subsidiaries on investment, retail

Each subsidiary has a $10,000 capital and 10,000 ordinary shares.

Metro Holdings Limited established two subsidiaries in Singapore, Metro Lifestyle Pte Ltd and Grand Brands Asia Pte Ltd, according to an SGX filing.

Metro Lifestyle Pte Ltd is a wholly owned subsidiary, focusing on investment holdings, with a $10,000 capital and 10,000 ordinary shares.

Grand Brands Asia Pte Ltd focuses on retail trading, having a $10,000 capital and 10,000 ordinary shares.

Metro Lifestyle Pte Ltd partially owns the subsidiary, holding 75% of its shares, whilst the other 25% is under EUT Solutions Pte Ltd.

The filing noted that the subsidiaries do not have any material impact on the consolidated net tangible assets and earnings per share of the Metro Group for the financial year ending 31 March 2026.

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