Natural Cool Holdings Settles Subsidiary’s Debts

Natural Cool Holdings Limited (SG:5IF) has released an update.

Natural Cool Holdings Limited has reached a settlement agreement with its subsidiary Natural Cool Investments Pte. Ltd. (‘NCI’) and its creditors for the voluntary winding-up process initiated in August 2022. The settlement pertains to approximately S$2.2 million in intercompany debts owed by related entities to NCI. The High Court of Singapore has granted an order authorizing the settlement, as a result of negotiations between the company, the liquidators, and the creditors’ committee.

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