NutryFarm International Strikes Restructuring Deal

NutryFarm International (SG:AZT) has released an update.

NutryFarm International Limited, currently under judicial management, has entered a restructuring agreement with Corpbond IV Ltd to address creditor claims. The agreement, dated 15 July 2024, outlines terms including a lump sum payment of 20% of each approved creditor claim in cash by a specified settlement date. This move aims to facilitate the company’s financial restructuring and satisfy creditor claims as part of an ongoing recovery process.

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