See Hup Seng and Axxmo International sign conditional sale

Singapore’s See Hup Seng Limited entered into a conditional sale and purchase agreement to acquire Axxmo International Pte. Ltd. for S$1.3 million (US$1.06 million), a move that is expected to strengthen its refined petroleum business.
Axxmo was established in 1993 and is the master distributor in Singapore for a petroleum-based waterproofing product of a major producer. The company also sells diesel fuel and petroleum products and counts among its end-users, customers from diverse industries, including the construction, engineering, automotive and marine sectors. (November 7, 2012)