According to the notice of arbitration served on Feb 22, the claim is related to a share purchase agreement (SPA) and shareholders’ agreement (SHA) in relation to Famous Holdings and its subsidiaries.
New arbitration proceedings have been commenced against SingPost Logistics Investments, a wholly-owned subsidiary of Singapore Post (SingPost).
The proceedings were made by Tan Ho Sung @ Taufiq Tan in the Singapore International Arbitration Centre.
