360 ONE WAM: Realigns AIF Business Transfer Between Subsidiaries PML and AAM

360 ONE WAM LIMITED has announced a revised plan for the transfer of its Alternative Investment Funds (AIF) business. Initially approved on April 18, 2026, for transfer from 360 ONE Portfolio Managers Limited (PML) to 360 ONE Asset Management Limited (AMC), the company has now decided to withdraw this proposed transfer.

Instead, the Board of Directors of PML, in a meeting held on August 28, 2026, approved the transfer of the AIF business to another wholly owned subsidiary, 360 ONE Alternates Asset Management Limited (AAM). Concurrently, the Board of AMC acknowledged the withdrawal of the original transfer plan, while the Board of AAM approved the acquisition of the AIF business from PML.

The AIF business will be transferred on a going concern basis through a slump sale for a lump sum consideration not less than its net book value, subject to adjustments and necessary approvals. This strategic realignment aims to consolidate alternative investment funds under AAM, creating a larger investment platform with a sharper focus on this segment and expected operational efficiencies. As both PML and AAM are wholly owned subsidiaries, this transfer is not considered prejudicial to stakeholders and does not benefit the promoter group or alter shareholding.