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Local trader in spice and nuts runs into problems

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Published Thu, Dec 3, 2015 · 09:50 PM

    Singapore

    A LOCAL spice-and-nut trading firm, having allegedly had trouble collecting payment from Middle Eastern customers, has been placed in provisional liquidation.

    The business of Pars Ram Brothers was handed over to provisional liquidators from Deloitte & Touche from Nov 24. A creditors' meeting will be held next month, and the company is said to owe money to between 10 and 17 banks.

    Olam

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