Tycoon Oei Hong Leong loses court battle against Raffles Education boss

Tycoon Oei Hong Leong loses court battle against Raffles Education boss

The Straits Times - Singapore·2020-02-26 05:00

Tycoon Oei Hong Leong, who relied on a handwritten note to sue Raffles Education founder Chew Hua Seng for allegedly reneging on an agreement, has lost his court battle against his former good friend.

In a written judgment yesterday, a High Court judge found that the note, which states that Mr Chew will procure a buyer for Mr Oei's shares in mainboard-listed Raffles Education, was not a legally binding agreement.

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