Sisters lose suit against sisters over firms worth $120m

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).
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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.

A version of this article appeared in the print edition of The Straits Times on May 06, 2020, with the headline Sisters lose suit against sisters over firms worth $120m. Subscribe