A minority shareholder of Philippine-listed Asiabest Group International, Inc. (ABG), which was acquired last September by Tiger Resort Asia Limited (TRAL), is seeking to stop proceedings to list the Okada Manila owner on the Philippine Stock Exchange (PSE).

Local news outlet BusinessWorld reported that Carnell Valdez, who owns 1,000 shares in ABC, filed his complaint with the Market and Securities Regulation Department of the Philippines’ Securities and Exchange Commission (SEC), seeking a cease-and-desist order for TRAL’s ongoing tender offer to acquire the remaining shares held by the public. The tender offer, begun last November 12, is set to end on December 12, with trades to be completed by December 14.

Valdez said that the company should have disclosed the current ownership and leadership dispute in TRAL’s wholly-owned subsidiary Tiger Resort, Leisure and Entertainment, Inc. (TRLEI), operator of the Okada Manila.

TRAL is owned by Okada Holdings, Ltd. (OHL) and Universal Entertainment Corporation (UEC), both of which Kazuo Okada is claiming a stake, in a pending case at the Parañaque Regional Trial Court in Metro Manila. Okada claims being illegally removed as chairman, CEO, and director of TRLEI. He has also spoken against TRAL’s acquisition of ABG, which he says he had not been consulted on.