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Looming lawsuit over winding up of 4 firms including celebrity hair salon Monsoon
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Acra records show the status of the four joint-venture companies as in the process of liquidation through creditors’ voluntary winding up.
PHOTO: MONSOON NOVENA SQUARE/FACEBOOK
SINGAPORE – A deal involving Catalist-listed Mary Chia Holdings and celebrity hair salon Monsoon Hair House has escalated into a looming million-dollar lawsuit.
In February, M2 Group, a wholly owned subsidiary of Mary Chia Holdings, entered into a sales and purchase agreement to sell 50 per cent of the shares in four joint-venture companies under the Monsoon label to Vintage Studio. The companies are Monsoon Hair House, M Nature, Hatsuga Enterprise and M Plus Hair.
