Watches.com Limited (SG:WVJ) has released an update.
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Ntegrator Holdings Limited and its subsidiary, Ntegrator Pte Ltd, have been served with three statutory demands by their former Financial Controller for outstanding payments totaling over $330,000. If the company fails to settle the debts or reach a satisfactory agreement within three weeks, insolvency proceedings could be initiated under the Insolvency, Restructuring and Dissolution Act 2018.
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