Ongoing dispute between S i2i and Globalroam finds itself back in spotlight

SINGAPORE (March 7): An ongoing dispute between S i2i, the provider of IT products and telecom services, and IT company Globalroam has found itself back at the centre of media attention.

This comes after a group of shareholders represented by Blue Ocean Capital and holding 1.73% of the S i2i shares sent a letter dated Feb 21 to S i2i demanding either a voluntary general offer (VGO) by chairman Bhupendra Kumar Modi or undergo a voluntary winding down through the disposal of its assets.

(See also: Make voluntary general offer or prepare to wind down, say shareholders of S i2i)

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