Family feud brewing? George Ty cuts business ties with daughter Margaret
The young heiress cannot represent the bilyonaryo tycoon anymore.
The family of George S.K. Ty has issued a notice to the public which effectively cuts all business ties with daughter Margaret Ty-Cham.
In an Inquirer report, Ty’s family represented by the Puno Law firm announced that Margaret now has a “completely estranged” relationship with the founder of GT Capital Holdings, Inc., and any deals which she forges will not be accepted as a formal business agreement of the conglomerate.
“The public is put on notice that any dealings with Ms. TyCham are purely her own account and responsibility,” the notice read. It was reported that the Ty daughter had been engaging in a series of business ventures which all turned sour, with the clan coming to bail her out as debts piled up.
Despite her dad’s billions of wealth, there’s apparently only so much which he can shell out for a daughter in trouble.