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Sisters lose suit against sisters over firms worth $120m
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All four sisters inherited shares in four companies set up by their father. Three of the companies held properties, including 56 units in a mixed commercial and residential development in River Valley Road (above).
ST PHOTO: ALPHONSUS CHERN
Two sisters failed in a court stand-off with their two other sisters to wind up companies worth more than $120 million that the quartet had inherited from their late father.
The High Court dismissed the applications of Ms Blossom Tan and sister Ivy against their eldest and youngest siblings Doreen and Julie, finding they were "entirely unreasonable" and "created their own obstacles" in seeking to exit from the four companies.
