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Company that funded Hainan clan in Singapore lacked proper management: High Court
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A seven-storey building in Beach Road, named the Kheng Chiu building, became the "home" of the association and the temple by the end of 1962.
PHOTO: ST FILE
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SINGAPORE - The High Court has ordered the Kheng Chiu Tin Hou Kong and Burial Ground (THK), a company founded by Hainanese community leaders that holds tens of millions of dollars in assets to be wound up.
Justice Aedit Abdullah said on Monday (July 19) that there was ample evidence to show that those in control of the board of the company had "preferred their own interests over those of the members as a whole", and that this was "unfair or unjust to the other members".
