g8 in legal stoush over c h aquisitions

Of further interest re Cherie Hearts legal dispute where Jenny Hutson the CEO of Cherie Hearts was quoted as saying at the recent AGM ::the chances of Cherie Hearts winning the dispute were ?beyond remote? (http://www.goldcoastbusinessnews.com...QUISITION.html)


Well 'beyond remote' or not the outcome will be interesting. I am sure Ms Hutson is hoping this 'case is baseless' also???

Cherie Hearts Group International Pte Ltd

15th April 2011
MEDIA RELEASE FROM CHERIE HEARTS GROUP INTERNATIONAL PTE LTD TO SINGAPORE
MEDIA
We are pleased to inform that the Singapore High Court on 14th April 2011, granted various interim
reliefs in our favour at today?s hearing on our application for various injunctive reliefs against G8
Education Ltd (?G8?). At the hearing, we were represented by our lawyers, Allen & Gledhill LLP.
Pending the determination of the substantive dispute between Cherie Hearts Group International Pte Ltd
(?Cherie Hearts?) and G8, the Court ordered the following injunctive reliefs:
? The appointment of KordaMentha Pte Ltd as receivers of Cherie Hearts is set aside.
? G8 is not to exercise its right to appoint further receiver(s) until trial or further order.
? The shares and directorship in the following subsidiaries of Cherie Hearts, which were previously
transferred to G8?s subsidiary, were reinstated to Cherie Hearts? Founders, Dr Sam Yap and Dr
Gurchran Singh:
o Cherie Hearts Kids Cottage (TK);
o Cherie Hearts Edukidz Pte Ltd (JT);
o Cherie Hearts Discovery School Pte Ltd (TS 42);
o Cherie Hearts Preschool Pte Ltd (TP);
o Cherie Hearts Sunshine Kidz Pte Ltd (TS 34);
o Our Juniors? Schoolhouse Pte Ltd;
o Cherie Hearts Childcare (Limbang) Pte Ltd (LD);
o Teeny Tiny Child Care & Development Centre Pte Ltd (TT);
o Loving Child Care Centre Pte Ltd (LLC);
o Loving Development Pte Ltd (LDC);
o Gloryland Learning Centre @ Toh Tuck Pte Ltd; and
o Gloryland Learning Centre Pte Ltd.
We take this opportunity to express our gratitude once again to our parents, financial institutions, banks
and government authorities for your support all these years, and also for the understanding shown over
the past few weeks. We look forward to having your continued support.
Yours Faithfully
Sam Yap Soon Guan (Dr.)
Group Executive Chairman
Cherie Hearts Group International