SGX Mainboard-listed Challenger Technologies Limited (“Challenger” or the “Group”), today announced it has set up a wholly owned subsidiary Challenge Ventures Pte Ltd (“CVPL”) to focus on investing in companies and businesses to complement Challenger’s existing business.

Over the past 2 years, Challenger Technologies Limited has been aggressively investing in its in-house brand “Valore”, which turns out to be a failure. All Valore concept stores have been converted into Challenger stores.

Challenge Ventures Pte Ltd

I am surprised by how fast Challenger is to come up with new business ideas by starting up Challenge Ventures Pte Ltd.  The announcement stated “Challenge Ventures Pte Ltd aims to invest in companies to operate within Challenger’s digital ecosystem by providing support for the group’s business operations, as well as other subsidiaries within the group“. At this point of time, I am still very unsure of the business operating model of Challenge Ventures Pte Ltd ......