Ex-interim CEO of Pine Capital unit suing for alleged discrimination

Singapore

THE former interim chief executive officer and executive chairman of Pine Capital Group's 51 per cent-owned subsidiary, Advance Capital Partners Asset Management (ACPAM), is suing Pine Capital for alleged discrimination and/or prejudice.

Tan Choon Wee, who quit ACPAM effective March 1 after shareholders called for a vote to remove him as a director, alleges that the affairs of ACPAM were conducted in a way that unfairly discriminates against and/or is prejudicial to him, Pine Capital said in a bourse filing on Tuesday night.