Wee Hur's (SGX:E3B) subsidiary, Wee Hur Capital, teamed up with Perpetual (Asia) to establish the Wee Hur PBSA Fund III B, according to a Friday filing with the Singapore Exchange.
Shares of the company were up over 2% in Monday trading.
Concurrently, the subsidiary agreed with Perpetual (Asia) to provide fund management services to the fund, with independent and unrelated parties agreeing to pay around AU$5.9 million as committed contribution to the trust.
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