Tan Choon Wee acquired the remaining 51% stake in Advance Capital Partners Asset Management Private Limited from Pine Capital Group Limited (Catalist:ADJ) for SGD 0.05 million on October 7, 2020. Under the transaction, 3,988 shares of Advance Capital Partners Asset Management were sold. As a result of the transaction, Advance Capital Partners Asset Management has ceased to be a subsidiary of the Pine Capital Group. The proceeds from the disposal shall be used to partially offset against the outstanding sum due and owing by Pine Capital Group to Tan Choon Wee under the settlement agreement. Tan Choon Wee completed the acquisition of the remaining 51% stake in Advance Capital Partners Asset Management Private Limited from Pine Capital Group Limited (Catalist:ADJ) on October 7, 2020.