Source: Business Times
Article Date: 21 Feb 2025
Author: Tay Peck Gek
The court also dismisses her application to set aside the S$4.3 million in claims from SME Care that the private trustee has accepted as valid.
The valid claims against high-society figure Jannie Chan have risen by S$18.9 million, after the High Court on Wednesday (Feb 19) accepted a creditor’s previously rejected debts.
Chan, the co-founder of mainboard-listed luxury timepiece retailer The Hour Glass : AGS 0%, was declared bankrupt in 2019.
The loan that she had guaranteed for JASC – one of the firms where she was the sole director and shareholder – was overdue. It landed…
