Capital A’s Move Digital Sdn Bhd is facing a Singapore High Court asset-seizure order tied to an arbitration-driven shareholder dispute over BigPay and Teleport. The order targets Move Digital’s stakes in BigPay Pte Ltd and Teleport Everywhere Pte Ltd, while Capital A plans to challenge the action.
The dispute stems from arbitration brought by Christopher Davison and Navin Rajagopalan against Move Digital, AirAsia Bhd and BigPay at the Singapore International Arbitration Centre. Reported holdings under threat include 99.56% of BigPay and 11.45% of Teleport, putting two core assets in the crosshairs.
The move raises the stakes for Capital A as the process shifts from arbitration to enforcement.