David Chew appointed as CFO of Ryobi Kiso Holdings Ltd (SGX: BDN)
DHC Capital Partner and Founder David Chew has been appointed as CFO of Ryobi Kiso Holdings Ltd (SGX: BDN). This is the first appointment of a restructuring professional to an executive or interim management role by a company that has filed for a Court supervised restructuring process under Singapore’s new legislative provisions (Section 211). Read on for Ryobi Kiso Holding Ltd’s announcement on the appointment.
About Ryobi Kiso Holdings Ltd
Ryobi Kiso Holdings Ltd is listed on the Singapore Stock Exchange and primarily provides piling services and ground engineering solutions. Ryobi Kiso Holding Ltd applied to commence a Court supervised reorganisation process with the intention of proposing a scheme of arrangement to reorganise its liabilities. Ryobi Kiso Holdings Ltd and certain subsidiaries have applied to the Court pursuant to Section 211B of the Companies Act to seek a moratorium against enforcement actions and legal proceedings by creditors.