The Business Times
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Corporate digest

Published Thu, Dec 7, 2017 · 09:50 PM

Hoe Leong Corporation

THE Singapore High Court has approved Hoe Leong Corporation's application for a moratorium on creditors taking action against the company or its subsidiaries.

Hoe Leong said in a bourse filing on Thursday that the moratorium for the company will be in place until July 31, 2018, while the moratorium for its relevant subsidiaries will be effective until Jan 31, 2018. The heavy equipment supplier had sought the moratorium as it is in the process of restructuring nearly S$80 million in debts owed to creditors.

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