SG briefs: OxPay Financial, Viking Offshore, Watches.com

A card payment at a retailer. Photo by Towfiqu Barbhuiya on UnsplashA card payment at a retailer. Photo by Towfiqu Barbhuiya on Unsplash

Singapore company briefs: OxPay Financial, Viking Offshore and Marine, Watches.com (formerly Ntegrator)

Viking Offshore and Marine

Viking Offshore and Marine said Wednesday it has completed the disposal of Viking Airtech and Viking HVAC.

Read more: Viking Offshore shares tumble after proposing equity fundraising and new businesses

OxPay Financial

OxPay Financial has tied up with customer relationship management (CRM) player Ascentis to provide local merchants with an integrated payment and loyalty program service, the payments company said in a filing to SGX Wednesday.

The joint service will be launched in Singapore immediately, will be rolled out in all of OxPay’s and Ascentis’ locations later, the filing said.

Watches.com (formerly Ntegrator)

Watches.com, formerly called Ntegrator, said Wednesday its indirect 60 percent owned subsidiary Fiber Reach will issue 50 million shares, or 97.61 percent of its enlarged share capital, to its wholly owned subsidiary Ntegrator for S$500,000.

After the issuance, Watches.com will hold an indirect 99.04 percent stake in Fiber Reach, which provides building construction NEC, the company said in a filing to SGX.

The deal was part of a group restructuring, the filing said.

Correction: On 2 June 2022, Watches.com stated that Ntegrator subscribed for the shares of Fiber Reach on 18 May 2022, but the issuance and allotment was not completed until 2 June.