Court dismisses Perennial's appeal in Capitol case

Singapore

THERE will be no winding up of the joint entities between Perennial Real Estate Holdings and Pontiac Land affiliate Chesham Properties, which co-developed the Capitol integrated development project. These entities jointly own its hotel, shops, residential units and theatre.

The Court of Appeal on Monday dismissed Perennial's appeal against the High Court's dismissal earlier this year declining its application to wind up the three joint entities - Capitol Investment Holdings, Capitol Retail Management and Capitol Hotel Management.