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Libra Group gets interim extension of moratoria until Aug 20 hearing

CATALIST-LISTED Libra Group and its sole operating subsidiary have been given interim debt moratoria until an adjourned court hearing on Aug 20, the board said on Friday night.

Building solutions provider Libra, which is going through debt restructuring, and its Kin Xin Engineering unit had asked for an extension of the moratoria initially set to expire on July 30.

The applications for extensions were heard by the High Court on July 30 and then adjourned until Aug 20 at 10am. As such, the court has ordered the interim moratoria, said the board.

The board added that creditors with any questions about the court applications can contact KordaMentha Pte Ltd, which is acting as Libra’s financial adviser for the debt restructuring.

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