Pine Capital Group Limited announced that As part of the Business Diversification which has been approved by Shareholders of the company and as outlined in the circular dated 12 July 2018, t that the company has incorporated two new Singapore subsidiaries. Name of the first new Subsidiaries is Beacon (East Ceylon) Pte. Ltd. which Date of Incorporation 14 January 2019. Name of the second new Subsidiaries is East Ceylon Management and Development Pte. Ltd. which Date of Incorporation 15 January 2019.