Metro Holdings sets up Metro Lifestyle, Grand Brands Asia JV unit; S$10k capital each, no material FY26 impact
Summary:
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Metro Holdings has incorporated Metro Lifestyle Pte Ltd in Singapore as an investment holding subsidiary with initial issued share capital of S$10,000 comprising 10,000 ordinary shares, fully held by Metro Holdings.
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Metro Lifestyle has in turn incorporated Grand Brands Asia Pte Ltd in Singapore as a retail trading subsidiary, also with initial issued share capital of S$10,000 comprising 10,000 ordinary shares.
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Metro Lifestyle holds 7,500 shares (75%) in Grand Brands Asia, while EUT Solutions Pte Ltd, described as an independent third party, holds 2,500 shares (25%).
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The group states that the establishment of Metro Lifestyle and Grand Brands Asia will not have any material impact on Metro’s consolidated net tangible assets or earnings per share for the financial year ending 31 March 2026.
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Metro confirms that none of its directors or controlling shareholders has any direct or indirect interest in these transactions beyond their shareholdings in the company.