Singapore massage chair tycoon in consortium talks for digital banking licence

Ron Sim, founder of one of Asia’s largest massage chair makers, is in talks to partner with a unit of Temasek Holdings and other firms to bid for one of Singapore’s new virtual banking licenses, according to people familiar with the matter.V3 Group, Sim’s Singapore-based firm, is in talks to partner with Temasek’s Heliconia Capital Management, as well as stored-value card company EZ-Link and property giant Far East Organisation in the new consortium, said the people, who asked not to be…