Violet Oon reach out-of-court settlement with business partner

Luxury and lifestyle company Group MMM and its director Manoj Murjani said they have reached an out-of-court settlement to end their business partnership with Peranakan cooking doyenne Violet Oon and her children.

In a statement, he said the two parties had “reached an out-of-court settlement to end our partnership of the better part of a decade”. Ms Oon, 75, owns 50 per cent of the business with her children, Ms Tay Su-lyn and Mr Tay Yiming. Ms Oon and her children brought a shareholder oppression suit against Mr Murjani and Group MMM. They asked the court to grant an order for them to buy Mr Murjani’s 50 per cent stake in Violet Oon Inc, or for the company to be wound up.

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Violet Oon and children reach out-of-court settlement with business partner, end partnershipGroup MMM and its director Manoj Murjani said the parties had “reached an out-of-court settlement to end our partnership of the better part of a decade”.
Fonte: STForeignDesk - 🏆 4. / 71 Consulte Mais informação »

Out-of-court settlement to end business partnership in Violet Oon Inc caseSINGAPORE – Luxury and lifestyle company Group MMM and its director Manoj Murjani said they have reached an out-of-court settlement to end their business partnership with Peranakan cooking doyenne Violet Oon and her children.
Fonte: The Straits Times - 🏆 8. / 63 Consulte Mais informação »