Singapore Paincare dispute settled

The company returned $450,000 security under agreed terms.

Lim Seow Yuen irrevocably released all claims against Singapore Paincare Holdings Limited under a settlement agreement dated 19 November 2025, covering matters raised in her letters to the company.

Singapore Paincare received a partially redacted copy of the agreement on 20 November 2025.

The settlement constitutes a complete release and waiver of all differences, disputes and claims between Lim and the Company, remaining effective irrespective of any breach or alleged breach by either party. Singapore Paincare retains the right to enforce the relevant clauses under the agreement.

The Company noted that the settlement follows its announcements on 2 September 2025 and 5 September 2025 regarding receipt of Lim’s letters of claim and its responses to SGX queries. The settlement terms apply only to matters raised in the earlier correspondence.

The Company returned a $450,000 cashier’s order held as security for indemnity linked to Lim’s earlier claims. Lee Mun Kam Bernard, Executive Chairman and Chief Executive Officer of Singapore Paincare, confirmed that the return does not waive or alter his obligations under the indemnity, which remain fully in force.