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2 ex-SPH editors sued by businessman for repayment of $990,000 loan he made to their company

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Court Noticias

Lawsuit

Two media professionals, Mr Chua Chim Kang and Ms Lee Kuan Fung, are being sued by a businessman seeking repayment of a $990,000 interest-free loan he had given the pair in 2017.

Posted on 13 November 2024 12:35 pm | 423 views | 2 comments

According to Mr Ren, in August 2016, Mr Chua mentioned that Ms Lee was a very capable former colleague who had, together with him, planned a business venture. On July 26, 2017, Mr Chua, Ms Lee and Mr Ren signed an agreement, under which Mr Ren gave a $1 million cheque to Ms Lee. On July 24, 2023, Mr Ren sued Mr Chua and Ms Lee for breaching the agreement to repay the $990,000 loan.

 

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