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Perennial unit filing claim against Sakae's ex-director Andy Ong over property acquisition

PC Lee
PC Lee10/8/2019 02:59 PM GMT+08  • 2 min read
Perennial unit filing claim against Sakae's ex-director Andy Ong over property acquisition
SINGAPORE (Oct 8): Perennial Real Estate Holdings’ associate TYN Investment (TYNI) has applied to the court seeking leave to start a claim for conspiracy against Griffin Real Estate Investment Holdings (GREIH) and Singaporean entrepreneur Andy Ong Siew
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SINGAPORE (Oct 8): Perennial Real Estate Holdings’ associate TYN Investment (TYNI) has applied to the court seeking leave to start a claim for conspiracy against Griffin Real Estate Investment Holdings (GREIH) and Singaporean entrepreneur Andy Ong Siew Kwee.

The claim filed on Monday was linked to TYN Group’s acquisition of the House of Tan Yeok Nee acquired from ERC Holdings back in 2013. The House is now held by TYNI, a wholly owned subsidiary of TYN Group, which is 50% owned by Perennial.

TYN Group has also started arbitration proceedings against ERC Holdings in connection with the acquisition.

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