TA Enterprise looking at Tee Keong’s assets

KUALA LUMPUR (Nov 28): In a new twist to an ongoing dispute in Genting group’s Lim family, TA Enterprise Bhd is looking to recover amounts owed to it by Datuk Lim Tee Keong, the eldest son of the late gaming tycoon Tan Sri Lim Goh Tong. Tee Keong died in April 2014.

TA Securities Holdings Bhd and TA Centre Bhd — wholly-owned subsidiaries of listed stockbroking outfit TA Enterprise — have obtained a court order under Section 31 of the Bankruptcy Act 1967 to query 10 individuals to ascertain if there exist any assets belonging to Tee Keong, who was a bankrupt when he passed away.

According to court documents, Tee Keong owed 13 creditors, including TA Enterprise, as much as RM146.62 million ($47 million).

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