The Business Times
business-time-50

Libra applies for court protection; creditors seek S$9.3m, property

google-preferred-sourceAdd BT as a preferred source
Sharanya Pillai

Sharanya Pillai

Published Wed, Sep 18, 2019 · 09:50 PM

Singapore

CATALIST-LISTED Libra Group has applied to the High Court for a six-month debt moratorium, as it faces claims from creditors for some S$9.3 million in repayments and possession of a property at 34 Sungei Kadut Loop.

In a bourse filing on Tuesday, Libra said that it has applied for the debt stay under Section 211B of the Companies Act. Libra now has an interim debt moratorium of up to a month, before the Court decides on its application.

libra groupDebt restructuring

TRENDING NOW

The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

Sats slides 13.6% as investors dump shares on profit-margin squeeze

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More