In the news – Legal and financial firms advising Singapore-based food company with debt restructuring (Global Restructuring Review)
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 has been appointed as independent financial advisor and proposed scheme manager to No Signboard Holdings Ltd (SGX: 1G6).
No Signboard Holdings Ltd applied to commence a Court supervised process to restructure its liabilities. The Court granted the application for a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 64 of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) and super priority status for rescue financing pursuant to section 67(1)(b) of the IRDA.
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