Nam Cheong’s Strategic Financial Restructuring

Nam Cheong Limited (SG:1MZ) has released an update.

Nam Cheong Limited has been actively managing its financial restructuring, as evidenced by a series of announcements regarding arrangements with creditors, debt restructuring, and compliance with regulatory requirements. The company has recently entered into a private placement agreement and is working towards meeting the conditions for a whitewash waiver, including the appointment of an independent financial adviser to guide shareholders. These steps signal Nam Cheong’s ongoing efforts to stabilize its financial position and secure its future.

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