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Chinese businesswoman sues Tan Sri Ngan for breach of contract

KUALA LUMPUR: A Chinese businesswoman on April 14 filed a RM1 million civil suit against prominent businessman Tan Sri Ngan Ching Wen for breach of contract of a development project in Xi'an Qujiang, China.

Wang Yunzhen, 49, filed the suit at the High Court registrar's office through Messrs Halim Hong & Quek.

She named Ngan, 78, and CM Xi'an Qujiang Properties (M) Sdn Bhd, a joint-venture company incorporated here, as defendants.

In her statement of claim, Wang said she signed a cooperation agreement on Feb 26, 2007, after Ngan showed interest in the project.

Wang said Ngan agreed to pay RM13 million as additional 25% share ownership in CM Xi'an and that she was to be appointed company manager.

She claimed that Ngan who obtained the project through her had breached the contract and that his nominee company had benefited from the project.

Wang is claiming compensation of RM1 million, general, examplary and additional damages, interest and cost. -- Bernama

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