George Quek looking to S'pore-Taiwan trade pact to resolve Pacific Sogo acquisition woes
His business vehicle - Clover - claims documents on capital increase in acquisition target were 'forged'
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Tay Peck Gek
Singapore
BREADTALK founder George Quek is looking to a Singapore-Taiwan trade pact signed in 2014 to resolve the issues encountered in his recent personal acquisition of Taiwan's Pacific Sogo Department Stores.
Mr Quek and a long-time business partner had entered into a deal with Taiwanese businessman Lee Heng-lung to acquire the bulk of the latter's claimed 60 per cent stake in holding company Pacific Distribution Investment (PDI), whose main asset is Pacific Sogo Department Stores, which has a total of 12 stores in Taiwan and mainland China.
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