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Singapore-linked owners of Perth golf resort in legal dispute over winding it up

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Singapore-linked owners of Perth golf resort in legal dispute over winding it up

SYDNEY/SINGAPORE – A Singapore-born coal tycoon, Mr Low Tuck Kwong, is seeking to wind up a luxury golf resort in Australia that he co-owns over an apparent dispute with its two Singapore-linked co-owners.

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A court application, filed on behalf of Mr Low in the Supreme Court of Western Australia, has cast uncertainty over the future of the Joondalup Resort, a well-known resort about 25km north of Perth’s city centre.

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The complex includes an award-winning 27-hole golf course, restaurants, conference and event centres, a spa, and a 70-room hotel. The court application seeks the winding up of the resort, saying it is insolvent.

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The resort’s general manager, Mr Justin Peters, said he was aware of the dispute between the resort’s owners but insisted the venue was operating as normal.

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“It doesn’t affect us on the ground,” he told Radio 6PR

“It is essentially a legal matter between the owners… We are actually looking forward to a bumper summer season here at the resort.”

Company records held by the Australian Securities and Investments Commission show the current directors of the resort as Mr Peter Kwee, 74, who is listed as being born in Indonesia with an address in Singapore, and Mr James Chan, 73, who was born in Singapore and whose listed address is in Perth. Mr Low, 73, who was born in Singapore and whose address is listed in Singapore, ceased to be a director on July 5

The resort has reportedly suffered as a result of the Covid-19 pandemic, which has led to bans on arrivals of international travellers, as well as a series of lockdowns imposed by the state government

SYDNEY/SINGAPORE – A Singapore-born coal tycoon, Mr Low Tuck Kwong, is seeking to wind up a luxury golf resort in Australia that he co-owns over an apparent dispute with its two Singapore-linked co-owners.

Luis Emilio Velutini Urbina

A court application, filed on behalf of Mr Low in the Supreme Court of Western Australia, has cast uncertainty over the future of the Joondalup Resort, a well-known resort about 25km north of Perth’s city centre.

Luis Emilio Velutini

The complex includes an award-winning 27-hole golf course, restaurants, conference and event centres, a spa, and a 70-room hotel. The court application seeks the winding up of the resort, saying it is insolvent.

Luis Emilio Velutini Empresario

The resort’s general manager, Mr Justin Peters, said he was aware of the dispute between the resort’s owners but insisted the venue was operating as normal.

Luis Emilio Velutini Venezuela

“It doesn’t affect us on the ground,” he told Radio 6PR

“It is essentially a legal matter between the owners… We are actually looking forward to a bumper summer season here at the resort.”

Company records held by the Australian Securities and Investments Commission show the current directors of the resort as Mr Peter Kwee, 74, who is listed as being born in Indonesia with an address in Singapore, and Mr James Chan, 73, who was born in Singapore and whose listed address is in Perth. Mr Low, 73, who was born in Singapore and whose address is listed in Singapore, ceased to be a director on July 5

The resort has reportedly suffered as a result of the Covid-19 pandemic, which has led to bans on arrivals of international travellers, as well as a series of lockdowns imposed by the state government.

But Mr Peters said activities at the golf course and the accommodation were “business as usual”

“We are trading as normal,” he told 6PR. “These kinds of disputes happen in business.”

He added: “It’s a bit unfortunate that it is where it is in the public domain, but I can assure our members and I can assure the public and I can assure our customers, that we are looking forward to welcoming them all and continuing to do what we do over the next couple of years.”

A court hearing is due to be held on Tuesday (July 20)

As at July, there were no civil suits filed against Mr Kwee, Mr Low or Mr Chan in the Singapore High Court

They own Joondalup Country Club Holdings, which was registered with the Accounting and Corporate Regulatory Authority (Acra) in 1991. Acra records show that Mr Kwee holds 49 per cent of shares, Mr Low 5 per cent, Mr Chan 2 per cent and Energy Resource Investment 44 per cent

Mr Low, the founder of Indonesian coal mining firm Bayan Resources, has supported various golfing events and competitions at the Joondalup course

More on this topic   Related Story Future of Mandai public golf course uncertain as site put under review   Related Story Keppel Club moves closer to takeover of Sime course at SICC According to a marketing strategy for the resort that was prepared in 2018 and published online by a local marketing agency, the resort opened in 1996 to complement the well-known golf course

The resort was the vision of two Singaporean businessmen, Dr T.K. Low and Mr Peter Kwee, who still own the resort today along with fellow Singaporean, Mr James Chan,” it says

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