SIN Capital investors aggrieved as their fate remains cloudy in RRJ’s buyout of Fullerton Health

WITH a major buyout deal of troubled Fullerton Healthcare Corp (Fullerton Health) by white knight RRJ Capital merely days away from closing, some indirect investors of SIN Capital — a firm that majority-owns the healthcare firm and is led by Singaporean David Sin — are feeling angsty as they remain in the dark over the fate of their investments.

The Business Times (BT) understands that these investors had a couple of years ago formed groups to attempt to recoup their investments from SIN Capital; they have collectively invested S$10 million to S$30 million (maybe, even more) in several of SIN Capital’s British Virgin Islands (BVI) companies, called Oceanfront Investments.

SIN Capital was founded by Sin, who is currently Fullerton Health’s co-founder, group president and deputy chairman. He is set to exit the firm as a shareholder and relinquish these posts once the buyout is a done deal.