Bitter wait for CoAssets noteholders as investments turn sour
This follows reports in December that the group had disposed of US$30 million in receivables to Hong Kong-based debt recovery company Sunfits
Add BT as a preferred source
Singapore
IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.
This comes as hundreds of retail investors - mainly promissory note holders of CoAssets' various subsidiaries - stand to see their investments go up in smoke, following reports in December that the group had disposed US$30 million of receivables to Hong Kong-based debt recovery company Sunfits.
TRENDING NOW
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
