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DBS requesting RSM be named as liquidators of Novena Global Healthcare: Terence Loh

Co-founder says he will continue to engage with RSM until any liquidation occurs

Fiona Lam

Fiona Lam

Published Fri, Nov 20, 2020 · 09:50 PM
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Singapore

DBS is seeking to wind up scandal-hit Novena Global Healthcare Pte Ltd (NGHPL), co-founded by Singaporean cousins Terence and Nelson Loh. The bank has filed a winding-up application with Singapore's High Court.

In a statement on Friday, Mr Terence Loh said that he understands that DBS is requesting that insolvency professionals from accounting firm RSM be named as joint and several liquidators of NGHPL.

KEYWORDS IN THIS ARTICLE

Bellagraph Nova
Liquidation
Axington

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