360 ONE WAM Subsidiaries Consolidate Asset Management Businesses

360 ONE WAM's wholly-owned subsidiaries approved transfer of AIF and PMS businesses between themselves via slump sale.
The transfer aims to consolidate public equities asset management under 360 ONE Asset Management for unified platform.
Consideration will be lump sum not less than net book value, subject to shareholder and regulatory approvals.
Transaction is not prejudicial to investors or creditors as both entities are wholly-owned by the parent company.