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High Court grants Nam Cheong permission for debt restructuring, extends moratorium
Published Mon, Oct 30, 2017 · 09:50 PM
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Singapore
THE Singapore High Court has extended a six-month moratorium on certain legal proceedings against Nam Cheong after granting the listed holding company the greenlight to proceed with debt restructuring under a scheme of arrangement (SA).
Nam Cheong said after Monday trading close that its SA was granted by the court on Oct 27.
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