Beskrivning
| Land | Singapore |
|---|---|
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2024-11-07 16:09:03
Singapore, 7 November 2024, Barramundi Group Ltd. ("the Company") (EURONEXT:
BARRA) - Reference is made to the stock exchange notice dated 11 October 2024
regarding the Company's application for a Moratorium Order.
The High Court of the Republic of Singapore ("the Court") has today, under
section 64 of the Insolvency, Restructuring and Dissolution Act 2018 ("IRDA"),
granted the Company a moratorium period of 4 months commencing from the date of
application. Any extension shall be applied for and granted at the discretion of
the Court.
The Company will take this time to carry on negotiations for restructuring
funding, as well as a compromise of its debts with creditors. Existing
shareholders may reach out for more information regarding these plans.
Further updates will be provided as the restructuring process progresses.
For further enquiries, please contact:
James Kwan
Chief Executive Officer
Vanessa Tan
Chief Financial Officer
Email: investors@barramundi.com