Creditors give nod to Nam Cheong's schemes filed in Malaysia
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SCHEME creditors on Monday granted Nam Cheong's two operating companies the green light to proceed with the debt restructuring plan tabled together with its Singapore-listed holding company.
The said operating companies - Nam Cheong International (NCI) and Nam Cheong Dockyard (NCD) - on Monday convened two separate court meetings with their scheme creditors comprising nine bank lenders in all.
