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Creditors give nod to Nam Cheong's schemes filed in Malaysia

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Published Mon, Jan 22, 2018 · 09:50 PM

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Singapore

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.

nam cheongDebt restructuring

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