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The online technology news website says roughly S$20 million came from Temasek unit Ossa Investments, and the balance from another unit, Fullerton Financial, citing Nium’s filings with Singapore’s Accounting and Corporate Regulatory Authority.
“As part of the transaction, Fullerton transferred its entire stake in Nium to Ossa Investments and is no longer a shareholder of the startup,” according to the April 20 report. Ossa Investments now owns a 27% stake in Nium, it adds.
Temasek, which had a S$230 million investment portfolio as of end-March 2020, has been actively investing in Southeast Asian startups in recent years, including Singapore-based ride hailing operator Grab, its Indonesian rival Gojek, and e-commerce company Tokopedia, also from Indonesia.
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SINGAPORE (THE BUSINESS TIMES) - The chief executive of mainboard-listed logistics company Vibrant Group, Khua Kian Keong, is facing a charge in court after allegedly pushing the former chairman of KTL Global down some stairs.
According to a charge sheet seen by The Business Times, the alleged incident took place on Jan 13, 2021, at the staircase leading from level two to level one of 7 Gul Road. Khua, 52, who was charged in the Singapore State Courts in January, was alleged to have pushed Mr Tan Tock Han. Mr Tan fractured his right shoulder.
Accounting and Corporate Regulatory Authority filings list 7 Gul Road as the registered address of KTL Offshore. The company has a director named Tan Tock Han, who was also previously the executive chairman of mainboard-listed KTL Global, until he resigned in December 2018.