SINGAPORE (Dec 11): Pine Capital, the financial services group specialising in fund and asset management services, is acquiring a 51% stake in Hong Kong-based asset management firm for HK$2.55 million ($0.45 million) in shares. Incorporated in Hong Kong in June 2010, Silver Tree Holdings is license...

FINANCIAL services group Pine Capital plans to buy up to a 51 per cent stake in Hong Kong-based asset management firm Silver Tree Hong Kong for HK$2.55 million (S$447,368.43) in shares, according to an announcement on Monday before the market opened.

CATALIST-LISTED financial services group Pine Capital on Monday entered into an agreement with individual David Sarkis for the proposed acquisition of up to a 51 per cent or 20.6 million share stake in Hong Kong-based asset management firm Silver Tree Hong Kong for a total of HK$2.55 millio...

THE following companies saw new developments which may affect trading of their shares on Wednesday:

SINGAPORE (Nov 28): Pine Capital Group, the asset management group with US$3 billion in AUM, is raising gross proceeds of $2.15 million from placement of 799 million shares at 0.27 cent each to privately owned management consultancy firm, JMO. JMO has also agreed to extend a loan of $2.7 million to...

PINE Capital Group is seeking to raise gross proceeds in excess of S$2.15 million from placement of shares representing 13.67 per cent of its existing issued equity or 12.03 per cent of its enlarged shareholding to private-owned management consultancy firm, JMO Pte Ltd.

SHARES of Catalist-listed Pine Capital saw a flurry of trading on Thursday morning as the stock price doubles to 0.2 Singapore cent following the completion of its proposed placement.

PINE Capital Group is able to continue as a going concern, the board said on Wednesday, in response to four queries from the bourse operator over its plans for share settlement and share placement exercises.