Pokka settles lawsuit with ex-CEO Alain Ong

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BEVERAGE giant Pokka and its former chief executive Alain Ong have reached an amicable settlement in a lawsuit where the drinks maker sought damages totalling some S$10 million. Read more at The Business Times.

Pokka had accused Mr Ong of working with others to divert business to another beverage company, Asian Story Corporation , and of inflating the value of ASC in anticipation of its acquisition by publicly-listed coffee shop operator Kimly.

The High Court lawsuit was brought by Pokka Corporation and its subsidiary Pokka International, which is mainly involved in the distribution of beverages.

 

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