judicial management

Hatten Land files application for judicial management; trading in shares suspended

According to the terms of the agreement, both Nutryfarm and Corpbond have agreed to pay each creditor a lump sum payment of 20 per cent of their approved claim in cash, rounded up to the nearest dollar.

Nutryfarm International enters into restructuring agreement with investor

Singapore's Insolvency, Restructuring and Dissolution Act 2018 aims to speed up the restructuring of financially distressed companies.

Changes to SGX restructuring framework are an upgrade – for judicial managers

Industry observers have seen more companies facing stress and distress, and seeking assistance, in recent months.
BRUNCH

SOS: Saving One’s Solvency by shaping up – or jumping ship

For businesses facing financial distress, an out-of-court workout offers a restructuring option that is confidential, flexible and minimises disruption.

Working out a solution: Pros and cons of an out-of-court workout 

Tan Wei Cheong and Lim Loo Khoon of Deloitte & Touche have been appointed by the Hight Court as the joint and several judicial managers of Alpha DX Group.

Judicial managers appointed for Alpha DX Group

The notice was sent out to end AusGroup Thailand’s services for Esso Sriracha Refinery (pictured) following a failed bid to attract investments or get the company restructured.

AusGroup to terminate services for Esso Thailand refinery 

Apollo Aquaculture was, in 2021, reported to be building a S$65-million multi-storey fish farming facility.

Temasek-backed fish farmer Apollo Aquaculture in judicial management

Apollo Aquaculture Group was placed under interim judicial management on Mar 17 2022, and subsequently under judicial management on May 4, 2022, said the group's judicial manager Tan Wei Cheong  of professional services company Deloitte & Touche.

Apollo Aquaculture judicial managers in talks with investors; operating subsidiary not under administration

AGV Group, a provider of hot dip galvanising services, was asked by the bourse operator to disclose the details of alleged mismanagement and wrongdoing.

AGV Group responds to SGX queries on police reports filed