In summary, SFSs Victor Hoo and Kenneth Lim joined Life Corporation, then later Life Corporation bought over SFS. Lau and Kam are both involved in Life Corporation and Cordlife when Life Corporation sold its core operations to Cordlife. When Life Corporation had to borrow money to pay for the their bid for the columbarium, they borrowed money from a company which Kam has significant influence in and from a company registered by Hoo Hung Chye, who is the brother of Victor Hoo but who also works at Life Corporation. It looks like the background behind Life Corporation throws up a lot of question and this is only the beginning. It looks like another controversy is brewing.
Posted on: Wed, 14 Jan 2015 19:43:11 +0000
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