Asiatic minority shareholder Jerry Low hit with second defamation claim from executive directors

SINGAPORE (July 23): The three Tan brothers who helm Asiatic Group (Holdings), have issued a cease and desist letter against dissenting minority shareholder Jerry Low for making “false allegations” and republishing “unsubstantiated and scurrilous complaints” against the company.

The letter, sent by RHTLaw Taylor Wessing on July 23 and sighted by The Edge Singapore, represents Asiatic’s managing director George Tan Boon Kheng, and executive directors Tan Boon Yew and Tan Boon Siang. All three are sons of the company’s founder Tan Ah Kan.

It comes three days after Asiatic issued a similar cease-and-desist letter against Low for alleged defamatory remarks in a May 9 open letter criticising Asiatic’s management of its power plant business, and in emails to parties including Asiatic’s board, substantial shareholders Bobby Lim and Bernard Lim and the Singapore Exchange.

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