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IFAST Ups Stake in IFAST Global Bank; Shares Jump 8%

IFAST Ups Stake in IFAST Global Bank; Shares Jump 8%
IFAST 增加了 IFAST 环球银行的股份;股价上涨了 8%

MT Newswires ·  2022/12/01 17:38

04:36 AM EST, 12/01/2022 (MT Newswires) -- iFAST (SGX:AIY) increased its stake in Eagles Peak Holdings, which is the immediate holding company of iFAST Global Bank, to 89.51% from 85% for a consideration of 15.2 million British Pounds.

The Singaporean wealth management fintech platform used proceeds from a share placement carried out in January 2022 and bank borrowings to fund the capital injection, according to a Wednesday filing.

The company's shares were up 8% in recent trade.

Price (SGD): S$5.73, Change: S$+0.43, Percent Change: +8.11%

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