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Two Singapore media veterans sued over RM3.3mil loan given to their business to promote Mandarin

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Singaporem Media Veterans ニュース

In The Dock

Chris Mancinelli and others who have tried to awaken their loved ones from this trance often feel powerless, even after they’ve done everything to shatter the fiction and protect their assets. They say it’s as if their parent had been brainwashed into a cult.

Chua Chim Kang and Lee Kuan Fung are being sued by a businessman seeking repayment of a S$990,000 interest-free loan. - ST PHOTOS: AZMI ATHNI

Chua was a journalist at Chinese daily Lianhe Zaobao and had served as chief editor of the now-defunct Lianhe Wanbao.Lee was a former associate editor of bilingual news site omy, and headed the Chinese media digital strategy department at the former Singapore Press Holdings .In his suit, Ren accused Lee of mismanaging Homing, and accused Chua and Lee of breaching an agreement to repay the loan.

Ren started negotiations with the pair to explore a joint venture based on Lee’s plan to set up a business to teach Mandarin, said Kang. On July 26, 2017, Chua, Lee and Ren signed an agreement, under which Ren gave a S$1 million cheque to Lee. On Dec 14, 2020, Ren applied for Homing to be wound up. The application was granted by the High Court on Jan 22, 2021.On Sept 9, 2022, the company filed a lawsuit against Goldciti and Ms Lee, seeking the return of the S$40,000.In his opening statement, Salem Ibrahim, who acts for the defendants, said that when Ren was persuading the pair to start a business with him, Chua did not want to be involved in the day-to-day management.

He said Lee suffered the stress and humiliation of having had the contents of a lawyer’s letter being pasted on the wall next to the door of her home.

 

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