Legal Proceedings Report • Nov 7, 2024
Legal Proceedings Report
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Barramundi Group Ltd: Grant of Moratorium Period
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: [email protected]
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