Stratech fails to get creditors' nod for scheme of arrangement
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINBOARD-listed The Stratech Group has failed to garner creditors' approval for its proposed scheme of arrangement, the surveillance technology provider said in an exchange filing on Sunday.
A scheme of arrangement is a collective agreement between a company and its shareholders which must be approved by the High Court, and will be binding on all shareholders if a voting threshold is met.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
