Under terms of the sale and purchase agreement, Ng and two other shareholders, Ivy Chan Shui Sheung and Lee Chun Ming will sell a total of 256.3 million shares at 1.17 cents each.
Control of Arion Entertainment Singapore, an investment holdings company with its main interest in publishing magazines, is poised to change for $3 million.
On April 13, the company announced that a trio of existing shareholders, including executive director Ng Kai Man (picture), are selling their combined stake of 27.44% to another listed company, Ntegrator International.
