High Court grants application from DBS to wind up Novena Global Healthcare

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SINGAPORE'S High Court on Friday granted an application from DBS Bank to wind up Novena Global Healthcare Group (NGPL). Read more at The Business Times.

In a statement on Friday, Mr Terence Loh said:"We respect the court's decision and will abide fully by the legal process."Medical aesthetics chain NOVU - which operates its aesthetics centres under the trade name Novu Aesthetics - emphasised that the winding-up order made against its Singapore-registered parent company will not affect NOVU's day-to-day operations.

Marjory Loh, executive director of NOVU, emphasised in a statement that it is"business as usual" for NOVU's six outlets in Singapore, despite the corporate and legal issues besieging its parent company.

 

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