29 June 2017
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IHC given court approval to amend pleadings in Crest lawsuits

Business Times
19 Jun 2017

The High Court has granted medical property developer International Healthway Corporation's (IHC) applications to amend its pleadings in two lawsuits, the company said in a Singapore Exchange filing late on Friday night.

The lawsuits pertain to ongoing action against Crest Funds and Crest Receivers.

In one of the suits, co-founders Fan Kow Hin and Andrew Aathar have been added as defendants.

The company has also discontinued the action against the Crest Receivers, upon the Crest Receivers' confirmation that they would abide by any order made by the court.

With respect to the progress of sale of the Australian properties, there are no material developments thus far since its last update.

Source: Business Times © Singapore Press Holdings Ltd. Permission required for reproduction.