Silverlake Axis mulls acquisition of executive chairman's stakes in various private entities

SINGAPORE (March 8): The independent directors of Silverlake Axis are exploring a proposal mooted by executive chairman Goh Peng Ooi for the company to acquire his shareholding interests in various Silverlake Axis private entities.

This follows a preliminary evaluation by the directors who found the proposal to be in line with the company’s longer-term strategy of enhancing and expanding the company’s operations beyond its core Silverlake Axis Integrated Banking Solution (SIBS) business.

Accordingly, Silverlake Axis has responded to Goh by submitting a non-binding letter indicating its interest to further explore the opportunity.

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