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Hong Leong Finance files winding-up petition against Triyards

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.

sentifi.com

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