claims

Company in the news

Yongnam subsidiary faces RM1.69 mil claim in Johor Bahru High Court suit

Yongnam Engineering failed to make an appearance in the Johor Bahru High Court for the suit filed by Pantech Gelvanising on Dec 8.

Update

Datapulse slapped with writ of summons by ex-directors after partial payment of claim

SINGAPORE (Feb 26): Three former executive directors of Datapulse Technology have commenced legal action against the company for a balance sum of their original demand.

Update

Chaswood ordered by court to pay MCL Land $25,000 in damages

SINGAPORE (Jan 30): Beleaguered dining operator Chaswood Resources Holdings has issued an update saying its indirect subsidiary, Bistroamericana (WW) received a judgment from court to pay RM 76,550 (about $25,000) to MCL Land regarding an associated tenan
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Pacific Radiance files legal proceedings against shipyards for US$5.55 mil refund

SINGAPORE (Nov 22): Pacific Radiance’s 50%-owned joint venture (JV) company, CA Offshore Investment (CAOI), on Nov 18 issued two notices for arbitration in Hong Kong against Chinese shipyards Shanghai Waigaoqiao Shipbuilding & Offshore as well as China

Swiber updates claims received

SINGAPORE (Sep 16): Swiber Holdings’ interim judicial managers said on Friday that the group has received a total sum of US$231.4 million ($315.6 million) in claims as of Sept 15.

China bank demands immediate repayment of $19.3 mil from Novo Group

SINGAPORE (Sept 7): Steel trader and tin plate manufacturer Novo Group on Tuesday received a demand letter from China CITIC Bank International to Novowell ETP, a 95%-owned indirect subsidiary of the group, for the repayment of about US$14.3 million ($19.3

Claims on Swiber rise to US$197 mil

SINGAPORE (Aug 29): Swiber Holdings announced that claims on the company have reached US$197 million ($268 million) on Friday.

Flash

Swiber receives claims totalling US$113.5 mil

SINGAPORE (Aug 12): Swiber Holdings said on Friday night that it has received claims totalling US$113.5 million ($152.7 million).

Here’s the No. 1 risk Singapore SMEs should be worried about

SINGAPORE (June 29): There is no doubt this year’s tough economic climate will put pressure on small and medium enterprises (SMEs) in Singapore. But the greatest risks these businesses face are in fact, internal, says AIG Asia Pacific Insurance.
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