Koon Holdings seeks court protection to facilitate its debt restructuring
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Fiona Lam
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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.
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