Falcon Energy Group and subsidiary file affidavits ahead of Monday hearing

Published Sun, Jul 12, 2020 · 10:25 AM

DEBT-HIT offshore and marine company Falcon Energy Group and its subsidiary Asetanian Marine have, on July 9, filed their respective affidavits containing their respective revised scheme documents, Falcon said in a regulatory filing with the Singapore Exchange on Sunday.

A hearing for their respective applications to call for creditor votes on a compromise or scheme of arrangement will start at 2.45pm instead of 2.30pm on Monday, July 13.

Falcon and Asetanian also filed applications to hold the scheme meetings by video conference and for a consequential extension of the moratoriums.

"The company and Asetanian have requested that these applications be fixed for hearing on July 13 together with the main leave applications," Falcon's chairman and chief executive officer Tan Pong Tyea said in the filing.