SUBSCRIBERS
Koon Holdings seeks court protection to facilitate its debt restructuring
Add BT as a preferred source
Fiona Lam
Published Wed, Oct 9, 2019 · 09:50 PM
Singapore
MAINBOARD-LISTED Koon Holdings and its subsidiary Koon Construction & Transport (KCT) have applied for a 90-day debt moratorium as they intend to propose and implement a scheme of arrangement with their creditors.
The two companies filed the applications with the High Court of Singapore on Tuesday to obtain an order that no legal action or proceedings against them be commenced or continued.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Singapore’s national accountancy body sets up task force to strengthen financial reporting
