HC Surgical shareholder files appeal after failed bid to sue chief executive

MINORITY shareholder Serene Tiong has lodged an appeal after the Singapore High Court dismissed her application to sue HC Surgical Specialists' (HCSS) chief executive Heah Sieu Min for alleged breach of duties.

HCSS said it will continue to liaise with its legal adviser in relation to the appeal and shall not comment further, except for updating shareholders when there are material developments on the case, the company said in a bourse filing late on Monday night.

Last week, the court dismissed the application by Ms Tiong, who held 100 shares in HCSS as at April 30, to bring legal action in the name of the medical services group.

The court also ordered her to pay costs of S$10,000 plus "reasonable disbursements" each to the company and Dr Heah, HCSS said on Thursday.

In May, Ms Tiong alleged that Dr Heah, who is also executive director, had breached his duties as a director in relation to the acquisition of an additional stake in Julian Ong Endoscopy & Surgery late last year.

Shares of Catalist-listed HC Surgical closed flat at S$0.33 on Friday.