Dad sued over shares
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TWO daughters sued their father yesterday for the $15 million worth of shares they claim were meant for them as a gift.
Mr Yeo Chong Lin, who is worth more than $115 million, is disputing the claim, arguing that the 758,278 shares were allotted to each of them on the condition that they pay for them. The shares in Yeo Holdings, an investment firm, were never handed over to them but remained in his possession. They were later transferred by Mr Yeo to his sister, Ai Tin, and brother, Chong Boon.
His two daughters, Ms Catherine Yeo, 52, and Ms Margaret Yeo, 40, are seeking a declaration from the High Court that the share transfer was wrong. They are also seeking damages for their alleged losses.
Both daughters fell out with their father after their parents' divorce in 2005, according to court documents filed.
Mr Yeo, 76, who is executive chairman of Yeo Holdings, was divorced by his wife of 49 years, Madam Nancy Tay, 72. He was ordered to pay some $41 million in assets to her by the High Court in May.
The couple have two sons and two daughters.
-- ST
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Family tradegy... Hearsay Mr Yeo has 2 wives..... and the two wives' families are quarreling over who gets what...
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heh heh heh..........with daughters like these............who needs enemies ???
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Money is what they want lah.
$$$$$$$$$$$$$$
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Never have 2 wives!
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post edited due to advertising..
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???
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The woes of ultra rich people in singapore...
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hope the trial drag on and on..............in the end all the money go to the lawyers.................
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winner is the lawyers... =)
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Didn't gahmen always advertise on TV the family joy "tian lun zi le" to get ppl to marry?
Now, anyone wants to start a family after reading this?
Yes, I'm single and I'm more than happy to die alone..... without my wife/kids sueing me over my wealth.
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Originally posted by Junyang700:
Never have 2 wives!
Malays love to have more wives even though he has little saving. -
The Yeo's Ice Lemon Tea is the best.
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Yeo Holdings produce yeo hiap seng drinks
rich ppl can afford to have as many wife as they want
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Our creator has already determined how many wives/husbands each gender should have based on the number of their privates.
How many privates does one have?
Only freaks with more than 1 privates should be allowed to have more than 1 spouse.
Not happy? Go grow more privates then.