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Maxi-Cash proposes to adopt shareholders' mandate to enter into IPTs with Aspial Group

Felicia Tan
Felicia Tan • 3 min read
Maxi-Cash proposes to adopt shareholders' mandate to enter into IPTs with Aspial Group
The interested persons listed are Maxi-Cash’s controlling shareholders, Koh Wee Seng, Ko Lee Meng and Koh Lee Hwee. Photo: Samuel Isaac Chua/The Edge Singapore
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Maxi-Cash Group, on June 24, has proposed to adopt a shareholders’ mandate in order for the group to enter into several interested person transactions (IPTs) with Aspial Group.

The interested persons listed are Maxi-Cash’s controlling shareholders, Koh Wee Seng, Ko Lee Meng and Koh Lee Hwee (the Koh siblings), who hold a direct and deemed interest of a respective 72.60%, 53.63% and 55.60% stake in Aspial Corporation.

Koh Wee Seng is Maxi-Cash’s chairman and non-executive director. Ko Lee Meng and Koh Lee Hwee are both non-executive and non-independent directors of the group.

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