The Singapore High Court has granted DBS Bank’s application to wind up Novena Global Healthcare on Dec 11.

The group is reported to owe DBS $14 million.

See: Terence Loh resigns from Bellagraph Nova Group following alleged financial statement forgery at Novena Global Healthcare and Novena Global Healthcare co-founder Terence Loh says potential liquidation by DBS may not 'result in demise' of company

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