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Businessman Oei Hong Leong sues for $15m in alleged share loss
Tycoon seeks $15m as Raffles Education boss allegedly failed to sell shares by agreed date
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Mr Chew Hua Seng (right) says he and Mr Oei Hong Leong had only a "friendly agreement" on share sale.
PHOTOS: ST FILE
Businessman Oei Hong Leong has sued the chairman of Raffles Education Corporation, Mr Chew Hua Seng, for some $15 million in alleged losses for breaching an agreement to find a buyer for Mr Oei's shares in the company.
The amount he is claiming is the difference between the agreed 44 cents a share sale price and the 33 cents a share price when trading closed on Nov 15 last year, the agreed deadline in the alleged deal.
