Should shareholders approve the resolution in an EGM in September, MC Payment will soon be renamed Oxpay Financial. It is a modestly-sized Catalist-listed company with a market cap of around $100 million. Yet, in May and June this year, the company was the subject of a board tussle for control. What...

Next-Generation Satellite Communications (NGSC) is proposing a selective capital reduction move to return $7.36 million in cash to shareholders, or 0.155 cent per share for a total of 4.749 billion shares. As at July 12, NGSC has a total issued and paid-up share capital of $145.6 million comprising ...

MAINBOARD-LISTED NGSC said in a bourse filing on Monday that it will seek its minority shareholders' approval at an extraordinary general meeting (EGM) to cancel all of their 4,748,638,828 shares for 0.155 cents per share in cash through selective capital reduction in its bid to delist ...

MAINBOARD-LISTED NGSC said in a bourse filing on Monday that it will seek its minority shareholders' approval at an extraordinary general meeting (EGM) to cancel all of their 4,748,638,828 shares for 0.155 cents per share in cash through selective capital reduction in its bid to delist ...

A shareholder with several million MC Payment shares is upset that a proxy form which was signed by the shareholder was used to oust directors from the board at an AGM held on April 28. “I did not indicate any votes for or against the resolutions in the proxy form as I thought the AGM was just to ...

MC PAYMENT on Monday clarified that the board's grant of authorisation to chief executive Anthony Koh was to allow the company to "engage in exploratory talks with NGSC".

The to-and-fro between MC Payment, helmed by CEO Anthony Koh, and major shareholder Ching Chiat Kwong (seen together in happier times), is likely to continue. Ching is better known as executive chairman and major shareholder of Oxley Holdings. He is also the largest, and controlling shareholder of M...

MC Payment on Monday clarified that the board's grant of authorisation to chief executive Anthony Koh was to allow the company to "engage in exploratory talks with NGSC".

On June 10, through his lawyer, Ching Chiat Kwong, better known as the major shareholder and executive chairman of Oxley Holdings, released a statement explaining his position on Catalist-listed MC Payment in which he holds a 27% stake. The statement - a copy of which has been sent to SGX RegCo - co...

SINGAPORE (June 4): NGSC says it has lodged a police report against two of its former directors for their alleged involvement in suspected unauthorised payments amounting to $1.1 million. In a filing on Monday, the company says it is in the midst of “seeking legal advice on available courses of a...

MAINBOARD-LISTED NGSC has filed a police report over suspected unauthorised payments of about S$1.1 million made by two former directors, the satellite services provider announced in a bourse filing on Monday.

MAINBOARD-listed NGSC has filed a police report over suspected unauthorised payments of about S$1.1 million made by two former directors, the satellite services provider announced in a bourse filing on Monday. 

MAINBOARD-LISTED NGSC has cancelled an extraordinary general meeting (EGM) for the proposed removal of four directors, as the directors in question have resigned, the satellite service provider announced on Friday night.