Coolpica 4th Gear December 7, 2013 Share December 7, 2013 From today's Straits Times. Skoda agent served winding-up petition Action arose from dispute over rental By Christopher Tan Senior Correspondent SKODA agent Harvest Automobiles, owned by the family of multimillionaire businessman Peter Kwee, has been served a winding-up petition. It is the first authorised new car agent to fall victim to the depressed car market and the second Skoda agent here to face financial trouble. The petition was filed by Sime Darby Property - an arm of the Malaysian conglomerate - in the High Court on Oct 28, through its lawyers Drew & Napier. Harvest managing director Daniel Au told The Straits Times the petition arose from a "dispute" over rental. Harvest had rented space at an Alexandra Road facility owned by Sime Darby. It had apparently moved out but left behind some equipment. "They asked us to move the equipment out or they would charge us double the rental," Mr Au said. He did not elaborate but gave an assurance it will be "business as usual" at the dealership after a new company, Harvest Automobiles (MB), was formed. Checks with the Accounting and Corporate Regulatory Authority revealed that the new entity was registered on Wednesday. Its sole proprietor is Ms Karen Kwee - Mr Kwee's daughter and Mr Au's wife. Another company, Harvest Automobiles Rental & Leasing, registered in October 2010, is owned by the couple. Both companies are housed in 3 Leng Kee Road, owned by Mr Kwee. Earlier this year, the property and car tycoon sold his Pines country club to developer Oxley Holdings for $318 million. He bought it for about $100 million 10 years ago. Mr Au said the winding up is of no concern to consumers because "we've not been selling any cars for some time". He added the industry is reeling from a dwindling supply of certificates of entitlement (COEs), tighter credit measures and heftier taxes introduced in February. A number of used car dealers shut down this year. In 2002, Skoda dealer JTA buckled amid spiralling COE prices, leaving a group of customers in the lurch. Mr Au was close to being declared bankrupt when he failed to repay a personal loan this year. He managed to stave that off by working out an instalment payment scheme with the lender. Sime Darby said it could not comment as court proceedings are ongoing. ↡ Advertisement Link to post Share on other sites More sharing options...
Fcw75 Hypersonic December 7, 2013 Share December 7, 2013 Skoda has never done well here coz of the badge. Link to post Share on other sites More sharing options...
Mcf777 Turbocharged December 7, 2013 Share December 7, 2013 Skoda design exterior design look very old. Like those russian car that used to be in singapore. I forgoten the brand. Link to post Share on other sites More sharing options...
Kangadrool Supersonic December 7, 2013 Share December 7, 2013 Won't die one lah, lotsa cash to burn. The news reported that they are registering another company with similar sounding name. Link to post Share on other sites More sharing options...
Fcw75 Hypersonic December 7, 2013 Share December 7, 2013 Skoda design exterior design look very old. Like those russian car that used to be in singapore. I forgoten the brand. Lada. The model is Samara. Link to post Share on other sites More sharing options...
Vega Turbocharged December 7, 2013 Share December 7, 2013 existing owners how? warranty can still claim? Link to post Share on other sites More sharing options...
RadX Moderator December 7, 2013 Share December 7, 2013 bavarian better sell his superb Link to post Share on other sites More sharing options...
Camrysfa Turbocharged December 7, 2013 Share December 7, 2013 so fast order coffin and nail, ah.... i seem to read in the report, resurrecting soon. 1 Link to post Share on other sites More sharing options...
Mcf777 Turbocharged December 7, 2013 Share December 7, 2013 Lada. The model is Samara. Ya. Thats the model. Skoda interior is nice. like 4rings n vw. Link to post Share on other sites More sharing options...
ER-3682 Twincharged December 7, 2013 Share December 7, 2013 Ya. Thats the model. Skoda interior is nice. like 4rings n vw. Of course,they belongs to the VW group...alot of parts sharing,inc the famous 7 speed D.S.G..! The Kwee's family likes to go "Lawsuit",too rich & too boring,nothing to do..even sell "Bak Kwa"...also got into trouble. 1 Link to post Share on other sites More sharing options...
Evillusion Supersonic December 7, 2013 Share December 7, 2013 Wah...sold Pine country club for $218 million profit and nearly declared a bangkrupt the same year! Rich pips sure got many pattern wan! Close here closed there open here open there....am i reading it at a superficial level? 1 Link to post Share on other sites More sharing options...
Mcf777 Turbocharged December 7, 2013 Share December 7, 2013 (edited) Wah...sold Pine country club for $218 million profit and nearly declared a bangkrupt the same year! Rich pips sure got many pattern wan! Close here closed there open here open there....am i reading it at a superficial level? if i read correctly, it is the KWEE family that sold Pine Country. that guy nearly bankrupt is Kwee's daughter husband (Harvest managing director Daniel Au) am i right? Edited December 7, 2013 by Mcf777 Link to post Share on other sites More sharing options...
Evillusion Supersonic December 7, 2013 Share December 7, 2013 Kwee son-in-law still inside kwee family mar! run around still at the same place....only those chasing will feel dizzy! hahahaha Link to post Share on other sites More sharing options...
Coolpica 4th Gear December 7, 2013 Author Share December 7, 2013 (edited) if i read correctly, it is the KWEE family that sold Pine Country. that guy nearly bankrupt is Kwee's daughter husband (Harvest managing director Daniel Au) am i right? Yup u are right. Worth noting, he was nearly declared a bankrupt and is no longer a director inthe new company. Edited December 7, 2013 by Coolpica 1 Link to post Share on other sites More sharing options...
Coolpica 4th Gear December 7, 2013 Author Share December 7, 2013 existing owners how? warranty can still claim? Qupted from the report "Mr Au said the winding up is of no concern to consumers because "we've not been selling any cars for some time". He added the industry is reeling from a dwindling supply of certificates of entitlement (COEs), tighter credit measures and heftier taxes introduced in February." The answer is there in the paragraph. Link to post Share on other sites More sharing options...
Baal Supersonic December 7, 2013 Share December 7, 2013 Not selling cars for some time? Covens fault. Not selling cars for some time? Covens fault. Many bkt here still driving s and 7 class....series. just a game to them. Link to post Share on other sites More sharing options...
Maseratigood 5th Gear December 7, 2013 Share December 7, 2013 Kwee son-in-law still inside kwee family mar! run around still at the same place....only those chasing will feel dizzy! hahahaha LOL...... this brand hor, has many lives here.... this is not the first and will not be the last time we hear it 'dying'..... 1 Link to post Share on other sites More sharing options...
Phillim 3rd Gear December 7, 2013 Share December 7, 2013 Skoda design exterior design look very old. Like those russian car that used to be in singapore. I forgoten the brand. Would that be Lada... ↡ Advertisement Link to post Share on other sites More sharing options...
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