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Delisted Aztech Group shareholders may share in proceeds from listing of Aztech Global

Firm raised a total of S$297m in gross proceeds after sale of 155 million new shares and 77 million vendor shares

Singapore

THE board of Aztech Group will deliberate the use of proceeds from the sale of vendor shares in the recent listing of its subsidiary Aztech Global, and will take into consideration the interests of Aztech Group's minority shareholders.

Michael Mun, executive chairman and chief executive of Aztech Global, said the sale of the vendor shares during Aztech Global's IPO (initial public offering) was "primarily to reward shareholders of Aztech Group, including minority shareholders from the previous...

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