BH Global Announces Strategic Subsidiary Restructuring

BH Global Corporation Limited (SG:BQN) has released an update.

BH Global Corporation Limited is set to restructure its subsidiary, Sea Forrest Technologies Pte Ltd, along with its wholly-owned subsidiaries, through a strategic asset transfer to a newly formed entity led by Mr. George Lee, maintaining their respective 80%-20% ownership split. The restructuring, which includes the eventual winding-up of SFT, is anticipated to have no significant impact on the group’s consolidated net tangible assets or earnings per share for the fiscal year ending December 2024.

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