Bitter wait for CoAssets noteholders as investments turn sour

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.