Swee Hong supplier withdraws winding-up application against firm
SWEE Hong Limited said on Monday that its supplier Hock Hin Leong Timber Trading (HHLT) has withdrawn its winding-up application against the company on the day it was to be heard in court.
In a filing on Apr 3, Swee Hong said that HHLT had filed the application in the High Court on March 29, and the hearing date was fixed on Apr 26. Swee Hong owes HHLT money for supplies that it purchased.
However, on Apr 26, the construction company received a letter from HHLT's solicitors, stating that the application had been withdrawn on the same day.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Starbucks points to weaker consumer as profit falls
Trump social media firm's rising shares pressure short-sellers: S3
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions