Update on moratorium proceedings

October 02, 2023

October 2, 2023

Update on Court Hearings

Please be informed that on 29 September 2023, the High Court of the Republic of Singapore granted the following relief to companies in the Zipmex group who are participating in the Court-supervised restructuring proceedings:

Zipmex Asia Pte Ltd and Zipmex Pte Ltd have been granted leave to convene a meeting of their creditors. This means that a meeting will be called and creditors of Zipmex Asia Pte Ltd and Zipmex Pte Ltd will be given an opportunity to vote on the restructuring and repayment plan.

Copies of the finalised restructuring plan will be circulated to affected creditors shortly.
The moratorium granted to the Zipmex group companies in HC/OAs 381, 382, 383, 384, and 385 of 2022 have been extended to 8 January 2023, or further order of court.

Further updates will follow by email to all affected parties.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.

Zipmex Company Limited ("Company") operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex SG, our affiliated company located in Singapore. No fees or compensation is provided between the parties. Any references to Zipmex SG is a reference to Zipmex Pte. Ltd.