The CEO of Cake Group proposed to sell shares to the former Chief Technology Officer
ChainCatcher news, according to Tech in Asia, Chua U-Zyn, co-founder and CTO of the crypto company Cake Group, which applied for liquidation in the Singapore High Court in November 2023, is now considering a complete acquisition of the company.
According to a potential deal announced at a court hearing in Singapore, Chua will acquire the stake in Cake Group held by co-founder and CEO Julian Hosp. The judge overseeing the liquidation application has postponed the case for five weeks to allow Chua to consider the proposal.
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