Nam Cheong Limited Finalizes Financial Restructuring

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

Nam Cheong Limited has successfully completed a series of financial restructuring initiatives, including share consolidation and capital reorganization. These efforts follow a string of announcements detailing the company’s strategies since 2018, which involved schemes of arrangements with creditors, debt restructuring, and regulatory compliance through whitewash waivers and extensions. The culmination of these actions represents a significant step in the company’s commitment to stabilizing its financial position and future growth.

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