on June 2 and was actively traded, in part due to married trades related to the offer.
Dorr was required to make an offer for all remaining shares of Axington, after Dorr agreed to acquire a 66.9 per cent stake from Axington's deputy executive chairman Tang Swee Guan, his wife Chai Seow Lin, non-independent non-executive director Ranjit Singh, non-independent non-executive chairman Veerinderjeet Singh, and his wife Rajinderpal Kaur.
Dorr is owned by entrepreneurs Terence Loh and Nelson Loh, who are cousins and former investment bankers. In a separate bourse filing on Monday night, Axington announced that it has appointed Novus Corporate Finance as its new continuing sponsor in place of UOB Kay Hian,"due to commercial reasons". This takes effect from Tuesday.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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