judicial management

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

The group also aims to wind up inactive Malaysian subsidiary with zero equity value

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

The durian and health food distributor has been under judicial management since June 2022

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

IF TAYLOR Swift had to perform in a school hall with poor acoustics and a decades-old sound system, would she still sound as good?

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

As corporate stress and distress levels rise, how can companies navigate troubled waters to restructure for a turnaround? 

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 

A BUSINESS facing financial distress has several options – liquidate, commence insolvency proceedings, or undergo a form of judicial reorganisation to either exit the market or attempt to revive its f...

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 High Court on Wednesday (Mar 15) granted an order to place Catalist-listed Alpha DX Group under judicial management.

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 

A SUBSIDIARY of AusGroup, which has been placed under judicial management, will terminate its agreement to provide an Esso Thailand refinery with scaffolding and insulation services.

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

FISH farm Apollo Aquaculture Group is currently in judicial management, according to a filing with the Accounting and Corporate Regulatory Authority (Acra).

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

THE judicial managers of Apollo Aquaculture Group (AAG) on Saturday (Feb 4) said they are in talks with some investors to rehabilitate the group, and its operating subsidiary, Apollo Aquarium, is not ...

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

THE judicial managers of AGV Group on Friday (May 6) responded to queries raised by the Singapore Exchange Securities Trading (SGX-ST), regarding the filing of police reports against individuals from ...