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| May 28, 2009 | |
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$48m suit to be heard here
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| By K.C. Vijayan | |
| SINGAPOREAN tycoon Sukamto Sia convinced a Hong Kong appeal court to reverse a lower court ruling and send a S$48 million suit to be heard in Singapore instead.
The Hong Kong appeal court on Monday also lifted a worldwide freeze on the assets of Mr Sia, 50, and co- defendant Lee Howe Yong worth about HK$277 million (S$52 million). Both had been sued by the liquidators of Dynasty Line, an investment firm in Hong Kong, and had objected to Hong Kong as the hearing venue for the case. Read the full report in Friday's edition of The Straits Times. | |
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