The GSM Investment Group will merge with the GSM Group, which will continue to own the business, according to a filing from the merged company.
The GMS Investments Group, based in Hong Kong, will continue as the GMS Investment Group.GSM Investments Group has been working on a variety of investments and investments strategies for the past several years.
Its investments include real estate and tech companies, the gaming and digital industries, as well as some retail, consumer and industrial sectors.
GSM Investments’ holdings include GMS Venture Partners, GMS Partners, a blockchain and blockchain-based venture fund, and GMS Digital Capital, which invests in companies using blockchain technology.
The deal is expected to close by the end of the year, and the merged group will focus on a number of different business areas, according a filing.
GMA is one of the biggest equity-focused investment firms in Ireland, but its most recent annual report reveals its exposure to Irish equades has been declining.GMA’s latest report, due to be released today, shows its portfolio has declined by €14m over the past 12 months to €2.4bn.
The report also shows that GMA’s total assets have fallen by €2bn over the same period, to €4.2bn.
It is the first time in its history that GME’s total holdings have declined.GME’s investment options index fell from a high of 7,534 in the year to June 2018 to 5,921 at the end of December 2017.
It has fallen further in the last 12 months.GMD has lost €2m in the first half of the year, while it has lost a further €5m in Q1 2018.
The company’s total liabilities have fallen from €1.3bn to €0.6bn.
Its total assets in the three months to 31 March 2018 were €8.1bn, down from €9.4b the same month last year.GAMA’s total debt was €827m at the time of the end-June quarter, down €0,7bn.GEMAX, which has invested in Irish companies since 2002, has fallen from 2,934 to 2,737 in the past year.
It is the latest in a string of companies GMA has invested into since 2010, when it was founded.
Its shares have fallen in value by a further 17 per cent this year, to a new all-time low of €3.40.