Straits Law Practice LLC Involved in Application to Wind Up Hiap Hoe Holdings

Mr Teo Guan Seng, founder and patriarch of Hiap Hoe Holdings is seeking to wind up the investment company and distribute the assets to the shareholders.

Hiap Hoe Holdings owns about 70 per cent of each of its two subsidiaries, Hiap Hoe Limited and Superbowl holdings, valued at approximately S$246 million and S$101 million respectively.

Mr Teo’s application is defended by Hiap Hoe Holdings itself and two of his sons. Representing Mr Teo in the suit are Straits Law Practice LLC’s Mr. N Sreenivasan, Managing Director & Mr. Muralli Raja Rajaram, Senior Associate.