Update on moratorium proceedings

July 28, 2023

Update on the Moratorium Applications and Applications to Convene Scheme Meetings.

Please note that all five entities in the Zipmex moratorium group (the “Moratorium Group”) have filed applications for further extension of the moratoria granted by the Singapore High Court (“Extension Applications”). The Moratorium Group is seeking an extension of the moratoria until 11 November 2023.

Two entities in the Moratorium Group, Zipmex Asia Pte Ltd and Zipmex Pte Ltd, have also filed applications for leave to inter alia convene a meeting for the purpose of considering and, if thought fit, approving with or without modification the respective scheme of arrangement to be proposed (“Leave Applications”).

Copies of the papers filed in the Extension Applications and the Leave Applications have been circulated individually to each creditor by the scheme managers.