Agility Asset Advisers Group (“AAA Group”) will establish Agility Asset Management (Singapore) Pte. Ltd. (“AAM”), a new company for conducting the real estate-related investment advisory business, real estate securitization and the fund business-related business in the region centered on Southeast Asia and China, on January 31, 2019 jointly with Agility Partners Pte, Ltd. (“Agility Partners”), a subsidiary of Phillip Capital Group, a business partner of Agility Asset Advisers Inc. (“the Company”), and AAM will commence business operations on the same day.
Since July 2016, AAA Group has been developing businesses centered on the inbound investment management business in real estate in Japan with Phillip Capital Group as a business partner and, following the major recent trend of Japanese companies of developing the real estate-related investment business in Asia, particularly Southeast Asia, conducting business to support the development of this business. To provide full-scale support for the development of the investment business of Japanese companies in Asia and develop our business jointly with these Japanese companies, we have decided to establish AAM at this time as an outlet for this business in Singapore, which is a hub in Asia.
After commencing business operations, we will establish a liaison office in Ho Chi Minh City and Bangkok in the first fiscal year with Vietnam and Thailand, which is enjoying remarkable economic growth, as areas of focus. From fiscal 2020, we will expand the range of activities in other Asian regions. With respect to the capital structure of the new company, Agility Holdings Inc., a holding company of AAA Group, will commence a new structure by underwriting capital increase through private placement of 50% of shares of AAM (Agility Partners currently has a 100% stake currently).
Kinji Kaiho
Representative Director
Agility Asset Advisers Inc.
(About Phillip Capital Group)
Phillip Capital Group is a financial group with Phillip Securities Pte. Ltd., a securities company established in Singapore in 1975, as its core. It has now established bases in 17 countries around the world to develop securities, trust, banking, insurance, financial futures and financial IT businesses.
AAA Group formed a capital alliance with Phillip Capital Group in July 2016 and plays a role as a platform for the real estate securitization and asset management of Phillip Capital Group in Japan.
(About Agility Partners Pte. Ltd.)
Agility Partners Pte, Ltd. is a company that was established by Phillip Capital Group in Singapore in 2016. It has CKS Consulting Pts. Ltd., a real estate appraisal company with a history of nearly 100 years in Singapore, under its umbrella. It has now organized Agility Asian, a network of real estate appraisal companies with local leading companies, mainly in Southeast Asia and also engages in businesses such as real estate fund investment and real estate brokerage.
Overview of the New Company
| Name | Agility Asset Management (Singapore) Pte. Ltd. |
|---|---|
| Address | 250 North Bridge Road, #06-00, Raffles City Tower, Singapore |
| Capital | 250,000 Singapore dollars |
| Shareholders | Agility Holdings Inc.: 50% Agility Partners Pte. Ltd.: 50% |
| Directors | Kinji Kaiho Lee Tang Keat Teo Hock Hoe |
| Main businesses | (1) Real estate asset management business outside Japan (2) Real estate investment advisory in the region centered on Southeast Asia (3) Local partner introduction business in the region centered on Southeast Asia (4) Real estate investment fund-related business mainly in Southeast Asia (5) Other related businesses |
| Commencement of business operations | End of January 2019 (planned) |
