Posts tagged 31-60
DHC Capital supports No Signboard Holdings Ltd (SGX: 1G6) on obtaining Court sanction of the schemes

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.

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David Chew31-60
DHC Capital concludes restructuring support on the Capital World Ltd (SGX: 1D5) pre-packaged scheme of arrangement

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.

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David Chew31-60
In the news – Prosafe schemes sanctioned in Singapore (Global Restructuring Review)

Read on for the GRR article on the sanction of the Prosafe SE (OSX: PRS) and Prosafe Rigs Pte Ltd schemes of arrangement on 18 October 2021. The successful sanctioning of the scheme marks the completion of the Singapore Court supervised process in one of the largest schemes in Singapore enacted under the Insolvency, Restructuring and Dissolution Act 2018 (and its predecessor laws in the Companies (Amendment) Act 2017, which came into force on 23 May 2017).

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David Chew31-60
Prosafe schemes of arrangement sanctioned by Court; DHC Capital acted as Chairperson of the scheme meetings and appointed as Scheme Manager

The Singapore schemes of arrangement for Prosafe SE (OSX: PRS) and Prosafe Rigs Pte Ltd were sanctioned by Court on 18 October 2021. The scheme meetings were held on 28 September 2021, at which the schemes obtained the approval of 100% in number and 100% in value from scheme creditors present and voting for each class of scheme creditors.

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David Chew31-60