The Business Times
business-time-50
SGSME logo

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

google-preferred-sourceAdd BT as a preferred source

Chelsea Ong

Published Sun, Feb 5, 2023 · 04:27 PM
    • 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 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. PHOTO: REUTERS

    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 under any form of administration.

    Tan Wei Cheong and Lim Loo Khoon of professional services company Deloitte & Touche were appointed as judicial managers of AAG.

    AAG was placed under interim judicial management on Mar 17, 2022, and subsequently under judicial management on May 4, 2022, Tan said.

    judicial managementAgriculture/Farming

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Targeted for completion in 10 months, the oil terminal will comprise two floating-roof tanks that can store 3.5 million litres of diesel and 2.5 million litres of petrol.

    Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    More interest in prime condos comes amid a softening in the broader private residential market.

    Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More