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Stratech fails to get creditors' nod for scheme of arrangement
Published Mon, Jul 2, 2018 · 09:50 PM
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.
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