Mirae Asset Daewoo awarded US$5.1m claim against ex-honestbee CEO Joel Sng
Add BT as a preferred source
SOUTH Korean brokerage Mirae Asset Daewoo has been awarded a summary judgment for a US$5.1 million claim against former honestbee chief executive Joel Sng, according to a High Court grounds of decision released on Thursday.
Mirae Asset had sued Mr Sng last year for allegedly failing to deliver honestbee shares, after the brokerage paid US$5.1 million for some of Mr Sng's shares in the grocery delivery startup.
Mirae Asset is the trustee of an entity called DS Sng Hedge Fund, and filed the lawsuit on behalf of the fund. Mirae Asset subsequently filed a summary judgment application against Mr Sng - which involves moving to a court decision without a full trial.
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
