Corporate digest

Triyards Marine Services

TRIYARDS Marine Services has been ordered to wind up, upon the application by its creditor Tractors Singapore. The court order was issued on July 5 and a notice of the winding-up order was published in the newspapers on Thursday. The liquidators for the winding-up are Joshua James Taylor and Yit Chee Wah of FTI Consulting (Singapore).

Regional Caterpillar dealer Tractors Singapore filed the application against Triyards Marine Services on Oct 3 last year. It was reported last year that Triyards Marine Services had also received statutory demands for US$14.6 million from Taiwanese lender CTBC Bank and for around US$800,000 from a supplier.