News Formal

Violet Oon’s bid to buy out business partner goes to trial after she rejects his $6m offer

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

When Peranakan cuisine icon Violet Oon and her two children gave half of their company to businessman Manoj Murjani in 2014, they believed they had found a business partner who could take her brand international. The number of restaurants operated by the company, Violet Oon...

Ms Oon and her children turned down the offer, and on Monday, the trial opened in the High Court.

They alleged that he had conducted the affairs of the company in a manner that not only caused their relationship of mutual trust and confidence to break down, but was also oppressive. No employment contracts were drawn up for Ms Oon and her children. Discussions were carried out via group chats. The first time a formal meeting was called was in 2020 after the parties’ relationship soured.

The family said they were forced to cede control over the company despite it being a family business. Mr Murjani, who is represented by Senior Counsel Thio Shen Yi of TSMP Law Corporation, said his offer of $6 million was “more than reasonable”. He contended that the family was trying to squeeze Group MMM out of the venture “at as lowball a price possible”.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 7. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Violet Oon’s bid to buy out business partner goes to trial after she rejects his $6m offerThe family alleges Mr Manoj Murjani's buyout offer was conditional on them not using the 'Violet Oon' name forever. Read more at straitstimes.com.
ソース: straits_times - 🏆 5. / 69 続きを読む »