liquidation

Restructuring

SGX RegCo suggests ways to quicken restructuring process for financially distressed companies

This may help already distressed companies lessen their financial burden, and attract “white knight” rescues with fresh funds.

Company in the news

Swiber Holdings receives nod from SGX-ST to delist

The SGX-ST’s decision is not an indication of the merits of the proposed delisting, says Swiber.

Company in the news

No Signboard Holdings to put subsidiary Danish Breweries under liquidation

According to the group, the liquidation will contribute positively to its EPS for the current FY as the subsidiary is loss-making.
Court grants Hyflux winding-up order - THE EDGE SINGAPORE

Company in the news

Court grants Hyflux winding-up order

The ruling came in a hearing that was adjourned from July 12 after Utico attempted to intervene.
Novena Global Healthcare co-founder Terence Loh says potential liquidation by DBS may not 'result in demise' of company - THE EDGE SINGAPORE

Company in the news

Novena Global Healthcare co-founder Terence Loh says potential liquidation by DBS may not 'result in demise' of company

In his statement, he added that he feels ‘deeply betrayed by Nelson’ who has left Singapore.
Robinsons Singapore to close after 162 years - THE EDGE SINGAPORE

Company in the news

Robinsons Singapore to close after 162 years

The retailer will close down for good after suffering from at least six years of losses amid declining revenues.

Aviation & Engineering

SIA to liquidate associated company of Scoot TigerAir, records one-off charge of $123.6 mil

Had the one-off charge occurred in FY19/20 ended March 31, SIA’s FY19/20 loss per share would have increased by 10.4 cents.

Update

Backed into a corner, Hyflux remains uncertain over plans to extend debt moratorium

SINGAPORE (April 11): Hyflux remains undecided over the possibility of seeking an extended debt moratorium ahead of the April 30 deadline, according to the troubled water and power company’s representing attorney.

Management & Corporate Governance

Singapore authorities to continue investigation of key Midas personnel amid winding-up woes

SINGAPORE (April 2): Singapore’s authorities say they will continue their investigation into Midas Holdings’ former directors and officers in the event that the insolvent company winds up.

Management & Corporate Governance

Noble seeks court-ordered administration in Bermuda; says only way to avoid full liquidation

SINGAPORE (Dec 11): Noble Group plans to apply for a court-ordered administration in Bermuda on Dec 14 to complete the restructuring of the company into New Noble.
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