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Meta Health’s board sues founder, CFO and independent directors over Gainhealth acquisition

Felicia Tan
Felicia Tan • 2 min read
Meta Health’s board sues founder, CFO and independent directors over Gainhealth acquisition
On June 8, 2021, Meta Health, then known as Metal Component Engineering, acquired an 85.07% stake in Gainhealth for $4.25 million.
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Meta Health’s board of directors have filed an originating claim in the general division of the High Court against Chua Kheng Choon, Koh Gim Hoe, Leow Siew Yon, Kelvin Lee Ming Hui, Mak Peng Leong Philip and Hong Shieh Yung Travis, over its acquisition of Gainhealth. The company is seeking relief of $7.3 million.

Chua is the founder of Meta Health and was its executive chairman and CEO from Dec 22, 1998, to June 6, 2022.

Koh, Leow and Lee were independent directors of the company. Koh served from May 11, 2016, to April 29, 2024;. Leow served from Jan 1, 2021, to June 29, 2022; while Lee served from April 10, 2021, to April 29, 2024.

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