When the engineering business worsened, the company then diversified into blockchain-based businesses and along with it, Fan’s stake was diluted.
OIO Holdings plans to sell its loss-making subsidiary DLF Engineering to one of its own executive directors, Fan Chee Seng, for $5,000.
Prior to OIO was listed as DLF Holdings back in 2018 with DLF’s original engineering business, started by, Fan, as its core.
