Caterpillar distributor files winding-up petition against Triyards subsidiary

A SUBSIDIARY of Ezra Holdings' shipyard arm has been hit with a winding-up application, Triyards Holding disclosed on Thursday, even as another hearing for the winding-up of parent Triyards was postponed.

Regional Caterpillar dealer Tractors Singapore filed an application against Triyards Marine Services on Oct 3, and a court hearing has been scheduled for Oct 26.

Meanwhile, the hearing for Hong Leong Finance's Sept 18 winding-up application against Triyards has been rescheduled from Friday (Oct 12) to Nov 7.

Holding company Ezra has previously announced plans to wrap up its own United States Chapter 11 bankruptcy proceedings and apply to the Singapore High Court to be placed under judicial management.