liquidation

This may help already distressed companies lessen their financial burden, and attract “white knight” rescues with fresh funds.

The SGX-ST’s decision is not an indication of the merits of the proposed delisting, says Swiber.

According to the group, the liquidation will contribute positively to its EPS for the current FY as the subsidiary is loss-making.

The ruling came in a hearing that was adjourned from July 12 after Utico attempted to intervene.

In his statement, he added that he feels ‘deeply betrayed by Nelson’ who has left Singapore.

The retailer will close down for good after suffering from at least six years of losses amid declining revenues.

Had the one-off charge occurred in FY19/20 ended March 31, SIA’s FY19/20 loss per share would have increased by 10.4 cents.

SINGAPORE (April 11): Hyflux remains undecided over the possibility of seeking an extended debt moratorium ahead of the April 30 deadline, according to the troubled water and power company’s representing attorney.

SINGAPORE (April 2): Singapore’s authorities say they will continue their investigation into Midas Holdings’ former directors and officers in the event that the insolvent company winds up.

SINGAPORE (Dec 11): Noble Group plans to apply for a court-ordered administration in Bermuda on Dec 14 to complete the restructuring of the company into New Noble.