A MANAGING director, who had been ordered by the High Court to pay his half-sister about $650,000 for her late mother's shares, need not do so.

The Court of Appeal was not convinced that the agreement in 1993 between Mr Ng Chee Chuan and the mother of Ms Ng Ai Tee, 45, for him to pay $2,500 a month for her stake in the family firm was meant to continue after her death.

The panel, comprising Judges of Appeal Chao Hick Tin, Andrew Phang and V.K. Rajah, felt that the monthly allowance was meant only during Madam Yap Yoon Moi's lifetime.

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