GUAN HO'S CASE SETTLED OUTSIDE COURT
JEFFREY HO SEOW WAN NO LONGER SHAREHOLDER AFTER MEDIATION
Regretfully, in all 60 years of Guan Ho's rich history, there has been a dark spot. The first and last(hopefully) litigation was filed due to a conflict between the shareholders.
We are pleased to confirm that through mediation, a settlement was reached on 3rd of December 2015 of the above mentioned claims. The remaining 2 shareholders has bought the minority shareholder's shares in Guan Ho. The completion of the buy-out took place on 13th January 2016 and there has been no further cases against Guan Ho since then.
Despite this unfortunate event we are proud to announce that our financials have remained as strong if not stronger due to the combined efforst of the 2 remaining shareholders and other 2 directors. Guan Ho has continued to remain in the A1 band in DP credit rating where only few others have, once again showing the continuing financial strength of the company.