Hong Leong Finance files winding-up petition against Triyards
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
HONG Leong Finance has served a winding-up petition on the yard operating arm of Ezra Holdings, Triyards.
The winding-up application was filed on Tuesday with Singapore's High Court, Triyards said after Thursday's trading close.
Hearing for the court application is scheduled for Oct 12, 2018.
Hong Leong Finance is understood to be the second senior lender after DBS to have pressed on with further legal actions against Triyards.
On Monday, Triyards said DBS has appointed Justin Lim Loo Khoon of Deloitte & Touche as receiver for its Singapore-incorporated subsidiary, Strategic Marine and other assets.
These developments have surfaced about 12 months after the yard subsidiary of erstwhile stock market darling, Ezra Holdings, entered into a trading suspension and embarked on a debt-restructuring exercise.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
