Friday, July 30, 2010

Singapore's 8th richest man this year

Published July 30, 2010

According to data collected by Forbes Asia. Mr Peter Lim, a investor is Singapore's 8th richest man with a net worth of US $1.6 billion.

Thursday, July 29, 2010

Peter Lim wins suit

Jul 29, 2010
By Lee Su Shyan, Deputy Money Editor

Biggest payout ever in S'pore for a person who is not a public leader

LEADING investor Peter Lim has won damages of $210,000 in a defamation case - likely the highest amount awarded to someone in Singapore who is not a public leader.

The previous high was likely $150,000 awarded to lawyer Arul Chandran in a libel case a decade ago, lawyers said.

Mr Lim's case centred on a long-running row over Raffles Town Club.

In October last year, he won his defamation suit against the club's shareholders, Ms Margaret Tung and Mr Lin Jian Wei.

Mr Lim had claimed that a statement signed by Mr Lin and Ms Tung was defamatory as it implied that the club's financial difficulties were due to mismanagement by the original directors. Mr Lim was said to be a de facto director during that period.

The statement was sent out to members in 2005, explaining why the club was embarking on a scheme of payment. The scheme was needed as the club had been sued by members for recruiting too many people, but could not pay the damages.

$420,000 for ST pocket money fund

The Straits Times
29 July 2010, Thur

By Lee Su Shyan

PRIVATE investor Peter Lim is donating $420,000 to The Straits Times School Pocket Money Fund, which helps needy children cover daily expenses.

Half of the sum, $210,000, will come from damages that he was awarded in a defamation case.

Mr Lim will match the award payout dollar-for-dollar and donate the total of $420,000 to the fund.

Mr Peter Khoo, the fund's organising chairman, said yesterday: "We need to raise $5 million this year to help more than 12,000 children. As of now, we are nowhere near the target set. And this donation will definitely help."

To mark its 10th anniversary this year, the pocket money fund recently launched an initiative encouraging Singaporeans to combine the virtues of thrift and generosity.

It is selling Help-A-Kid Coin Banks at $5 each. When the coin banks are full, users may either save the money for themselves or give any amount to charity.

The coin banks can be purchased at 40 NTUC FairPrice supermarkets, with full proceeds going to the fund.

Wednesday, July 28, 2010

Informatics: Peter Lim Eng Hock Increase Stake From 6.48% To 9.59%.

28 Jul 2010 09:27

Peter Lim Eng Hock, the man formerly known as the "Remisier King" increased its stake in Informatics Education Ltd. from 6.48% To 9.59% via open market purchase on 23 July 2010.