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Ntegrator to take control of Arion Entertainment for $3 mil following shareholders' sale

The Edge Singapore
The Edge Singapore4/13/2022 10:26 PM GMT+08  • 2 min read
Ntegrator to take control of Arion Entertainment for $3 mil following shareholders' sale
Arion's executive director Ng will stay on "immediately after" the deal closes / Samuel Isaac Chua
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Control of Arion Entertainment Singapore, an investment holdings company with its main interest in publishing magazines, is poised to change for $3 million.

On April 13, the company announced that a trio of existing shareholders, including executive director Ng Kai Man (picture), are selling their combined stake of 27.44% to another listed company, Ntegrator International.

Under terms of the sale and purchase agreement, Ng and two other shareholders, Ivy Chan Shui Sheung and Lee Chun Ming will sell a total of 256.3 million shares at 1.17 cents each.

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