Lee Theng Kiat, president of Temasek Holdings Pte (TMSK), sued the Singapore unit of Primus Pacific Partners Ltd. (PPPTLZ), a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.
Primus Ventures (Singapore) Pte owes Lee and his wife S$67,802 ($53,840) in unpaid rent, according to papers filed with the Singapore High Court. Primus Pacific is led by founding partners Huan Guocang, HSBC Holdings Plc’s former China investment banking head, and Ng Wing-Fai, who was managing director at Taiwan’s Fubon Financial Holding Co., according to data compiled by Bloomberg. Full story
