Application to wind up Midas will be heard on May 24
Add BT as a preferred source
Claudia Chong
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MIDAS Holdings' court hearing date for a winding up application has been scheduled for May 24, 2019. The company does not intend to contest the application.
The troubled aluminium train components supplier said on April 26 that executive director Xu Wei Dong filed an application to wind up the company after issuing a statutory demand for unpaid salaries due to him. According to the application, FTI Consulting (Singapore) will be appointed joint and several liquidators.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
