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Ex-interim CEO of Ipco taking company to court

Published Sun, Jul 1, 2018 · 09:50 PM

Singapore

THE former interim CEO of Ipco International has served two writs of summons against the listed construction and turnkey project company.

The first writ of summons issued against Ipco's subsidiary, Nueviz Investment, pertained to a claim of S$266,159.48, Ipco said on Saturday.

Goh Hin Calm, the former interim CEO who chose to step down on March 14, alleged in a statement of claim that ex-CEO Quah Su Ling made a purported advance of the said amount to Ipco's subsidiary, Nueviz. The plaintiff also alleged that he was assigned the advance as an intended settlement of a private debt owed…

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