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SPH sued for alleged 'unlawful means conspiracy' by founders of tech firm behind real estate platform SRX

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
SPH sued for alleged 'unlawful means conspiracy' by founders of tech firm behind real estate platform SRX
SPH bought a 60% stake in the tech firm behind digital property listings platform SRX for $30 million in cash in 2014. Now, the founders of the company are suing SPH for alleged ‘unlawful means conspiracy’.
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SINGAPORE (Apr 7): In 2014, Singapore Press Holdings (SPH) forked out $30 million to acquire a 60% stake in CoSine Holdings, the holding company for software firm StreetSine Technology Group (SSTG).

STSTG comprised StreetSine Singapore, StreetSine Hong Kong, and the digital platforms Singapore Real Estate Exchange (SRX) and Hong Kong Real Estate Exchange (HRX). Following the move, SRX and SPH’s STProperty were integrated into a single digital property listing platform.

Now, the founders of SSTG, Samuel Cranage Baker and Jeremy Lee Chuen Yang, are suing SPH, its wholly-owned subsidiary SPH Interactive (SPHI), and SSTG CEO Jason Barakat-Brown for alleged unlawful means conspiracy.

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