Meta Health Limited has commenced legal proceedings against six individuals, including former executives, in the High Court of Singapore. The company filed an originating claim on 10 September, alleging breaches of duty and conspiracy related to its acquisition of Gainhealth Pte. Ltd.
The defendants include Chua Kheng Choon, former Executive Chairman and CEO of the company, and other former directors and associates.
The legal action claims that Chua breached contractual duties, whilst Chua and four others breached statutory and common law duties. Additionally, the company accuses Travis Hong, a business associate, of dishonestly assisting in these breaches and unlawfully receiving company assets. Meta Health asserts that these actions have resulted in financial losses and reputational damage.
Represented by Rajah & Tann Singapore LLP, Meta Health is seeking approximately $5.3m (S$7.3m) in damages, along with equitable compensation and other remedies. The company has yet to determine the financial impact of the proceedings on its 2025 fiscal year, ending 31 December. Shareholders are advised to remain cautious and consult professional advisers regarding their investments. Further updates will be provided as the case progresses.
