No Signboard Holdings Ltd (SGX: 917) and its subsidiaries NSB Hotpot Pte Ltd and NSB Restaurants Pte Ltd completed the Cash Distribution (as defined in the Scheme) to Scheme creditors on 22 April 2024.
David Chew was invited to join as Technical Co-Chair for INSOL International Singapore Seminar 2024. The seminar is scheduled to be held on Tuesday 27 August 2024 at the Fairmont Singapore, Raffles City Convention Centre. The seminar is a collaboration with INSOL Asia Hub and is part of the Singapore Convention Week.
David Chew was recognised as a Senior Accredited Director under the Singapore Institute of Directors (“SID”) Director Accreditation Programme on 8 February 2024.
"6 years, 72 months, 312 weeks, 2190 days"
-- Unknown
We are excited to celebrate our journey of the past 6 years since our formation (click here for our 1-year update, 2-year update, 3-year update, 4-year update and 5-year update).
Read on for the Business Times article on the Ministry of Law’s (MinLaw) announcement of plans to make permanent a programme that helps micro and small companies restructure and Second Minister for Law, Edwin Tong, highlighting the successful restructuring of Axis Group Asia Pte Ltd as an example in his keynote address at the Singapore Insolvency Conference 2023.
We provide our key takeaways from the INSOL Future Leaders Program session held in Singapore on 21 November 2023.
We provide our key takeaways from various panel discussions conducted at INSOL Tokyo 2023 held at the Palace Hotel Tokyo from 11 to 13 September 2023.
An engaging and insightful panel discussion on “Crystal ball gazing – identifying future trends among disrupted markets, macro-economic uncertainty, and corporate distress” at INSOL Tokyo 2023 held at the Palace Hotel Tokyo on 13 September 2023.
"Remember to celebrate milestones as you prepare for the road ahead"
--Nelson Mandela
We have just passed the first half of 2023, our sixth year of business (click here for our update on our fifth year). It has been a good start to the year with multiple deals completed or in progress.
DHC Capital Partner, David Chew presented on pre-pack schemes in Singapore at the inaugural IWIRC x IPAS Lunch & Learn held on 20 July 2023.
DHC Capital advised Axis Group Asia Pte Ltd on the first “pre-packaged” scheme of arrangement in Singapore under Section 72M of the Insolvency, Restructuring and Dissolution Act 2018. The “pre-packaged” scheme was sanctioned by Court on 28 June 2023. The scheme will become effective upon the Order of Court being lodged with the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
DHC Capital advised the informal steering committee of Noteholders in the restructuring of S$101.75 million 7% Notes due July 2020 issued by Century Sunshine Group Holdings Ltd (In provisional liquidation) (For restructuring purposes only) (HKEX: 509) (“CSG”). The scheme meetings were held on 15 June 2023 for the six scheme entities, at which the schemes were approved by the requisite statutory majorities of scheme creditors. The scheme terms offer an excellent outcome for the retail led Noteholders from an offshore China creditor return perspective.
DHC Capital sponsors INSOL Tokyo 2023, the leading global conference for restructuring and insolvency professionals to be held at the Palace Hotel from 11 to 13 September 2023.
363Xchange is a technology-driven global marketplace that connects buyers, sellers and investors of distressed assets and special situation opportunities.
An engaging and insightful panel discussion on valuation of assets and treatment of claims and contracts in insolvency proceedings at the Strengthening Insolvency Systems in Asia and the Pacific Conference held in Manila on 15-16 December 2022. The conference was co-organised by the Asian Development Bank, Singapore Management University, Singapore Global Restructuring Initiative, University of Chicago Law School’s Center on Law and Finance, University of Cambridge’s Centre for Corporate and Commercial Law and INSOL International.
“Five years, 60 months, 260 weeks, or 1,825 days”
-- Unknown
We turned 5 years old (click here for our 1-year update, 2-year update, 3-year update and 4-year update).
DHC Capital Partner, David Chew presented on pre-pack schemes at the Singapore Global Restructuring Initiative (“SGRI”) Inaugural Conference 2022 held on 14 November 2022.
The schemes of arrangement for No Signboard Holdings Ltd and its subsidiaries NSB Hotpot Pte Ltd and NSB Restaurants Pte Ltd were sanctioned by Court on 28 October 2022. The scheme meetings were held on 11 October 2022, at which the scheme companies obtained the approval of 100% in number and 100% in value from scheme creditors present and voting for each of the three schemes.
An engaging and insightful panel discussion at the Legal Era 7th Annual Insolvency Law Summit 2022 held virtually on 14 October 2022.
Read on for DHC Capital’s insights in the GRR article on the establishment of new rules allowing the Singapore International Commercial Court (“SICC”) to have jurisdiction over international restructuring and insolvency proceedings under the Insolvency, Restructuring and Dissolution Act 2018 with effect from 1 October 2022.
DHC Capital supported INSOL International on the “Insolvency Training Programme for the Brunei Courts, the Attorney General’s Chamber, the Law Society, Banks and Financial Regulators”.
An engaging and insightful panel discussion at GRR Live Singapore 2022 “Question Time” held on 24 August 2022 where the panel answered questions direct from the audience on topical issues in restructuring.
Read on for GRR’s article on No Signboard Holdings Ltd (SGX: 1G6) filing for restructuring proceedings via scheme of arrangement in Singapore and the appointment of legal and financial advisors.
DHC Capital sponsored the CA ANZ / ACCA golf tournament held at Marina Bay Golf Course on 29 July 2022. The event was an immense success with members of both organisations having the opportunity to re-connect post pandemic and make new connections. Congratulations to the event winners for the excellent golf played on a challenging golf course.
Read on for the Business Times article on the Ministry of Law’s (MinLaw) announcement of the final extension of the application period for the Simplified Insolvency Programme (“SIP”), which was due to close on 28 July 2022. The deadline is extended for a period of 18 months to 28 January 2024.
DHC Capital has been appointed as independent financial advisor to No Signboard Holdings Ltd (SGX: 1G6) to advise on the debt restructuring and scheme of arrangement.
DHC Capital appointed as independent valuer by Viking Offshore and Marine Ltd (SGX: 1Y1) for divestment of subsidiaries, Viking Airtech Pte Ltd and Viking HVAC Pte Ltd to Acapella Energy Pte Ltd.
Capital World Ltd (SGX: 1D5) completed the allotment and issuance of the Scheme Shares (as defined in the Scheme) on 14 April 2022. The Scheme Shares were listed and quoted on the Catalist Board of the Singapore Exchange with effect from on or about 19 April 2022. Accordingly, under the terms of the Scheme, the Scheme has been completed on 26 April 2022.
An engaging and insightful discussion on Singapore’s Simplified Debt Restructuring Programme (“SDRP”) and Simplified Winding Up Programme at the iPAM / INSOL Asia Hub webinar held on 21 April 2022.
An engaging and insightful discussion on “Post COVID-19 business recovery – Where are we now, dealing with the challenges ahead and capitalising on new opportunities” at the CA ANZ webinar held on 19 April 2022.