EcoHouse winds up, creditors to meet next week to start liquidation proceedings
Singapore investors who put money into its Brazilian housing project have filed a class-action suit
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Singapore
ECOHOUSE Developments Limited, the Brazilian social-housing developer that amassed up to S$65.55 million from Singapore investors and then left them largely unpaid, has met its demise.
Come Jan 15, creditors will meet at the Talbot Hotel in the UK for updates from EcoHouse's directors on the company's statement of affairs, and then appoint a liquidator to wind up the company and distribute its assets appropriately.
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