Swee Hong gets order against proceedings

Singapore

LISTED contractor Swee Hong on Thursday said it had on Feb 25 obtained an order from the High Court which restrains further proceedings in any action against the company for six months.

This follows its announcement two weeks ago that it had filed an application in the High Court to propose a debt restructuring plan with three of its creditors - United Overseas Bank, the Building and Construction Authority of Singapore and ACL Construction.