By Asia Samachar Team | SINGAPORE |

The world of audio-visual (AV) lost an illustrious and hard-working member in Ranjit Singh from Singapore who passed away last month.

In a short note at his LinkedIn account, his daughter recently wrote the following:

“I am his daughter. As most of you would be aware of, my father passed away peacefully on Friday (15/5). He suffered from a cardiac arrest at home while attending to a conference.

I knew my father was a principal consultant working in PTS Consulting Pte Ltd. However, my family and I weren’t aware that my father had a huge impact on the AV industry. He is well-known in the world, a legend. I am very proud to be his child.

Not only was he a respected man in the industry, he was a great father who always put family over work. Our needs and wants were his top priority. He gave us unconditional love and care. Right now, without him, we are incomplete. He was the best!

We appreciate all those who have sent their condolences to us. Thank you for being a part of my father’s life. We will miss him. He will never be forgotten!”

In response, many who knew Ranjit personally responded with love and warmth.

Washington-based consultant Shyam Devadas described Ranjit as a hardworking, curious, adventurous, and generally humble.

“All, qualities demonstrated by your father. It is not an exaggeration to say that he will be considered one of the seminal figures in the formation of the professional AV integration industry in Asia,” he responded.

Krishna Tripathi, the country manager NEC Technologies India Pvt Ltd, wrote: “I have known to Ranjit Ji very well in NEC. He is well known face in AV industry globally. He was very few person I know who is such a humble, down to earth, religious and so perfect his profession.”

Anuj Darbari, director of Delhi-based Effectron Luminex Ltd, noted that he his first AV class organised by Kramer was conducted by Ranjit.

“He taught the principles of AV as well as values of integrity in one’s life. It’s a loss to the industry,” he said.

By Asia Samachar Team | SINGAPORE |

A group of Malaysian investors, including two Sikh entrepreneurs, are set to exit the Singapore-listed Axington Inc, formerly known as Axcelasia, which they founded five years ago.

The move comes on the heels of the sale of its Malaysian operations to Tricor Group in April.

Malaysian tax expert Dr Veerinderjeet Singh and audit expert Ranjit Singh, together with Peter Tang Swee Guan, were the key promoters of Axcelasia which gained listing on the Singapore Exchange Catalist Board on 27 Nov 2015.

With the April transaction, Axcelasia’s corporate services and business support services merged into Tricor Malaysia, making Tricor one of Malaysia’s largest provider of corporate services to international and Malaysian corporations.

Axcelasia, as it was known earlier, was an integrated professional services firm delivering governance, risk & compliance (GRC) solutions, corporate, business and tax services.

On 1 June, DORR Global Healthcare International, a provider of management consultancy services for healthcare organisations led by two entrerprising cousins, made an unconditional cash offer for the company.

Dorr is offering S$0.208 in cash for each share, in a deal that values the company at S$33.3 million. The offer price represents a premium of 43.45% to Axington’s last traded price of S$0.145 on May 26.

“This latest deal just happen to fall in place after the earlier deal,” Ranjit told Asia Samachar.