Capital World Ltd (SGX: 1D5) “pre-pack” scheme of arrangement sanctioned by Court; DHC Capital advised on scheme and appointed as Scheme Manager
Capital World Ltd (SGX: 1D5) (“Capital World”) “pre-pack” scheme of arrangement was sanctioned by Court on 24 June 2021 pursuant to Section 71 of the Insolvency, Restructuring and Dissolution Act 2018. The Order of Court was lodged with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) on 9 July 2021. The scheme is effective upon lodgement of the Order with completion subject to satisfaction of conditions precedents as set out in the scheme.
This is the fifth successful application for a “pre-pack” scheme in Singapore under Section 71 of the Insolvency, Restructuring and Dissolution Act 2018 (click here for further information on our involvement in the first “pre-pack” scheme and third “pre-pack” scheme in Singapore).
DHC Capital acted as independent financial advisor to Capital World and appointed as scheme manager.
Read on for Capital World’s announcements on the “pre-pack” scheme.
About Capital World Ltd
Capital World Ltd is a property development company listed on the Singapore Exchange. It is currently developing an integrated development comprising an indoor theme park, shopping mall under the Capital City brand, Hilton hotel, serviced suites and apartments located in Tampoi, Johor Bahru. It has two other projects – an integrated development project in Tebrau, Johor Bahru and a landed housing township project in Pengerang, Johor Bahru.