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Mary Chia to defend against arbitration claims

Michelle Zhu Published on Wed, Aug 24, 2016 / 8:10 AM GMT+8

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SINGAPORE (Aug 24): Mary Chia Holdings is presently engaged in a legal battle against its former joint venture (JV) partner, Slim Beauty House (SBH), a company incorporated in Japan.

The lifestyle and wellness operator says SBH has initiated arbitration against its wholly-owned subsidiary Mary Chia Beauty & Slimming Specialist (MCBSS) to claim about $4.81 million, excluding interest and cost.

The financial impact, if any, of the purported termination of the JV and of the claim for alleged breaches of contract cannot yet be determined, says the group.

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