Liquidated Robinsons owner's priority claims paid in full; unsecured claims get 3.295% on the dollar
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ALL the seven priority claims totalling S$2.65 million filed in the liquidation of the owner of Robinsons department stores were settled in full. In contrast, only S$152.94 million of the S$243.3 million unsecured creditor claims filed were successful, and these only got back 3.295 per cent.
A total of 594 creditor claims were filed in the liquidation, with priority claims and unsecured creditor claims numbering seven and 587 respectively, said Cameron Duncan, a partner at KordaMentha, the liquidator for Robinson & Company (Singapore).
Robinson & Co had owned and operated Robinsons department stores till the century-old firm went into liquidation last October.
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