7 January 2021 - As reported in The Edge Malaysia, we acted in the successful court application for sanction of a scheme of arrangement. This was for MDSA Ventures Sdn Bhd, a subsidiary of the Singapore-listed Hatten Land Ltd.
Judicial Commissioner Maidzura Mohammed granted a sanction order to the company, after being told that the scheme was approved by 96% of the total value of the creditors present and voting in person or by proxy at a creditors’ meeting on Dec 18.
“The court grants the sanction order to approve the proposed scheme of arrangement and the debt restructuring of MDSA Ventures,” the court ruled yesterday.
Counsel Lee Shih of Lim Chee Wee Partnership appeared for MDSA Ventures.