A Singapore court has initiated proceedings to seize stakes in fintech firm Big Pay and logistics unit Teleport, held by Capital A Bhd’s Move Digital Sdn, to enforce a US$14.7 million arbitration award. This award originates from a shareholder dispute where Move Digital is required to purchase Big Pay shares from Christopher Davison and Navin Rajagopalan. The assets targeted for seizure include a 99.56% stake in Big Pay Pte and an 11.45% holding in Teleport Everywhere Pte. Capital A announced this development in a filing to the Kuala Lumpur bourse, noting that its shares experienced their steepest drop since late March, falling as much as 6% on Wednesday. Move Digital intends to formally object to the seizure, asserting it has valid grounds for challenge.