General Announcement::Update on status of judicial management order

Issuer & Securities

Issuer/ Manager
8TELECOM INTL HOLDINGS CO LTD
Securities
8TELECOM INTL HOLDINGS CO LTD - BMG3087Y2074 - AZG
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
31-May-2020 10:51:54
Status
New
Announcement Sub Title
Update on status of judicial management order
Announcement Reference
SG200531OTHRH53E
Submitted By (Co./ Ind. Name)
Andrew Grimmett
Designation
-
Description (Please provide a detailed description of the event in the box below)
Further to the announcement of 22 November 2019 in relation to the Company being placed under judicial management, shareholders and other stakeholders should note and are cautioned that the judicial management order ( JMO ) had since expired after its 180-day initial term. No application was made for an extension due to non-availability of funds. Discussion is ongoing with the plaintiff applicant for judicial management, Top Capital Securities Pte. Ltd. ( Top Capital ), to support and fund the application for an extension of the JMO. The Court has directed that the Judicial Managers solicit creditors view and make a submission in support of the application. Further announcements will be made on material developments.