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

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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

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