Creditor applies for Oriental Group to be placed under judicial management
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SUSPENDED Catalist-listed steel trader and manufacturer Oriental Group said a creditor has applied to place the company under judicial management.
The pre-trial conference for the matter will take place on Thursday at 4pm.
Oriental is also being sued by investors Aseanzon and Dingji Investments over the re-appointment of three directors after they were removed at an extraordinary general meeting on Dec 9.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
