Kuala Lampur, June 10 -- SINGAPORE, June 10 - The Singapore High Court has issued an order to seize Capital A Bhd's stakes in BigPay and Teleport, in a move to enforce a partial arbitration award, according to The Edge.

According to the report, Sheriff of the Supreme Court of Singapore issued a notice of seizure involving Capital A's wholly-owned subsidiary Move Digital Sdn Bhd's 99.56 per cent stake in BigPay Pte Ltd and an 11.45 per cent stake in Teleport Everywhere Pte Ltd.

The enforcement action is to compel Move Digital to comply with a partial arbitration award requiring it to buy out BigPay co-founders Christopher Davison and Navin Rajagopalan's minority interests in BigPay for US$14.736 million (RM59.85 million), the report said...