Serrano seeking to extend effective date of creditors schemes

INTERIOR design and furniture firm Serrano Limited is convening a creditors meeting to seek an extension of the effective date of its schemes from July 3, 2017, to Sept 28, 2017, it announced in a Singapore Exchange filing late on Tuesday night.

Due diligence exercise has identified certain liabilities which need to be resolved first. The company is in talks with creditors to resolve its debt but talks are taking longer than expected.

The creditors meeting will be held at the office of the scheme administrator at 10am on July 3, 2017.