Transcorp

Transcorp

Transcorp unit director stops legal action to recover S$2.6m without consulting company

Transcorp unit director stops legal action to recover S$2.6m without consulting company

25/10/2020 1:56:00 PM

Transcorp unit director stops legal action to recover S$2.6m without consulting company

A DIRECTOR of Transcorp Holdings' subsidiary, Regal Motors, has ceased legal action to recover S$2.64 million from a supplier without consulting Transcorp . Read more at The Business Times.

Tell us what you think. Email us atbtuserfeedback@sph.com.sgThe company first directed Regal Motors to pursue legal action against its supplier in March last year. Under Transcorp's direction, Mr Chua formally commenced the legal action in July 2019. He later authorised representatives from Transcorp to negotiate a settlement in March 2020.

Argentina football legend Maradona dies of heart attack 'Diego left a mark on my life': Tributes paid to football legend Maradona after death Argentinian football legend Diego Maradona dies at 60

But on Oct 13, Mr Chua instructed the external legal counsel to stop all work on the legal action and to file a notice of discontinuance in the suit to the defendants' lawyers, with each party to bear their own cost. This was done"without any directive from or consultation with" Transcorp.

When Transcorp found out, it said it immediately informed the legal counsel not to proceed with the action, but the legal counsel would only take instructions from a director of Regal Motors.The company also contacted Mr Chua, but he was"not forthcoming" and has not responded to the company's queries nor requests for a meeting since.

BT is now on Telegram! Read more: The Business Times »

Grace Fu on why she hopes to be a climate change champion | EP 14

She took over the newly formed Ministry of Sustainability and the Environment in July. Four months into her new role, Ms Fu talks to Jaime Ho about why sustainability will be at the heart of government policies and why shifting towards sustainability is less of a choice than a necessity for Singapore today.

Hi. I am a professional Graphic Designer. I can design any Logo, Business card flyer, banner, poster, T-Shirt design. Background Remove. please visit my gig to get more information about me.

Housing programmes see HDB's deficit grow to $2.66b, the highest so farSINGAPORE - The Housing Board's deficit climbed to $2.66 billion in the financial year ended March 31, from about $1.98 billion the year before.. Read more at straitstimes.com.

Football: Klopp 'doesn't want to know' how long Van Dijk will be outLiverpool manager Jurgen Klopp admits he does not want to know how long he is going to be without Virgil van Dijk, who faces months out of action ...

Brazil's BRF settles US class action suit for US$40 million: filingBrazilian food processor BRF SA said on Friday the company has settled for US$40 million a U.S. class action suit against certain executives, ...

Housing programmes see HDB's deficit grow to $2.66b, the highest so farSINGAPORE - The Housing Board's deficit climbed to $2.66 billion in the financial year ended March 31, from about $1.98 billion the year before.. Read more at straitstimes.com.

UK police recover stolen Ming dynasty vase worth US$3 millionUK police recover stolen Ming dynasty vase worth USUS$3 million Stolen from China

Palace says Agong to consult with other Malay rulers amid talk of emergencyKUALA LUMPUR — Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah will discuss with the other Malay rulers on the suggestions he received from the Cabinet yesterday according to a statement issued by Istana Negara.