The past few years have not been kind to Silverlake Axis. After founder and group executive chairman Goh Peng Ooi was accused by an anonymous short-seller of inflating the firm’s results back in 2015, its shares took a hit. The company was cleared of wrongdoing by Deloitte, but a subsequent slowdown in bank capex in 2015 and 2016 began to hurt the group’s operating performance and dividends, and this was further compounded by the effects of Covid-19 over the last year or so.

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