Temasek President sues Primus Ventures
The company owes Lee Theng Kiat S$67,802 in unpaid rent.
A Bloomberg report said, “Lee Theng Kiat, president of Temasek Holdings Pte, sued the Singapore unit of Primus Pacific Partners Ltd., a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.”
According to the report, Primus Ventures breached a two-year tenancy agreement on a seven-bedroom property when it didn’t pay the monthly rent of S$35,000 from October through December. “In February, the firm paid part of the S$135,638 the Singapore court ordered it to pay Lee,” said Bloomberg.
View the report here.