Mr Chua Chim Kang and Ms Lee Kuan Fung are being sued by Mr Ren Xin Wu. SINGAPORE: The head of Mediacorp's Chinese news team and a former news veteran at Singapore Press Holdings daily Lianhe Zaobao are being sued by a businessman, who wants a purported loan of S$990,000 to be returned to him.
At the same time, liquidators for Homing Holdings, which has failed, are suing Ms Lee for allegedly breaching her fiduciary duties as director of the company, with Goldciti as a second defendant. According to the defendants' opening statement, Mr Ren, a Chinese citizen and Canadian resident, first met Mr Chua in 2015, when Mr Chua was an executive with SPH.
Homing Holdings was incorporated in June 2017. It was the holding company for the operating companies Luminaries Holdings and Lulele Learning Space. According to the defence, Mr Ren wanted Ms Lee to leave her employment with SPH and go full-time, and this came to fruition."Ren became unhappy and soon wanted his S$990,000 he had invested in Homing as a convertible loan to be returned to him," said the lawyers.Mr Ren and Homing Holdings, which is in compulsory liquidation, are represented by Mr Harry Zheng Shengyang and Ms Jasmin Kang from Kelvin Chia Partnership.
Ms Kang said she will show at trial that Ms Lee had failed to keep proper company records, and that she and Goldciti were"repeatedly evasive" in communications with liquidators. Citing the defence's claim that Mr Ren had used"all sorts of tactics to pressure" them into repaying the loan, Ms Kang said Mr Ren was entitled to expect repayment and had sought it.
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