Axcelasia to acquire Malaysia based corporate governance advisory firm Audex

SINGAPORE (March 9): Tax advisory and business consultancy company Axcelasia is acquiring Malaysian corporate governance advisory firm Audex for a sum of RM2.88 million ($0.9 million).

Audex is based in Kuala Lumpur with operations mainly in Malaysia and the Asia Pacific.

In a Wednesday filing, Axcelasia said it had entered into entered into a conditional sale and purchase agreement with vendors Mah Siew Hoong and Mah Li Chen for the acquisition of 100,000 shares representing 100% shareholding interest in Audex.

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