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Corporate digest

Published Wed, Nov 6, 2019 · 09:50 PM

Libra Group

CATALIST-LISTED building solutions provider Libra Group, which suspended trading in August when it could not continue as a going concern, disclosed on Wednesday that United Overseas Bank (UOB) has appointed receivers for the company's mortgaged property in Loyang Drive. Libra's board said the company is taking legal advice on its next steps. It is "considering its options" over the letter, from KPMG, that named receivers for the property at 53, Loyang Drive - which is excluded from a six-month debt moratorium granted by the High Court on Nov 14.

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