FILING OF COURT APPLICATION FOR JUDICIAL MANAGEMENT
AND APPOINTMENT OF INTERIM JUDICIAL MANAGERS
1. Reference is made to our corporate statement dated 3 January 2022 (https://www.samtradefx.com/news/corporate-statement-in-relation-to-media-release-3-jan-2022).
2. Our counsel, Messrs Rajah & Tann Singapore LLP, have proceeded to file court applications with the High Court of Singapore on behalf of the following entities to place them into judicial management on 20 January 2022:
(a) Samtrade Custodian Limited;
(b) Samtrade Custodian Pte Ltd;
(c) S.A.M. Fintech Pte Ltd;
(d) Samtrade FX Limited;
(e) S.A.M. Marketing Pte Ltd; and
(f) S.A.M. Trade (V) Limited,
and to appoint Mr Goh Thien Phong from GTP Advisory PAC and Mr Chan Kheng Tek from PricewaterhouseCoopers Advisory Services Pte Ltd jointly and severally as interim judicial managers.
3. We will provide further updates after the Court has fixed a hearing date for the respective applications.
4. Further updates on material developments will also be provided, as and when appropriate.
By: SAM GOH
CHIEF EXECUTIVE OFFICER
21 January 2022
For and on behalf of:
SAMTRADE FX LIMITED
(Company Registration No.:25290 BC 2019)
(Incorporated in St. Vincent and the Grenadines)
If you have any questions relating to this corporate statement, please refer to our media contact:
Mr Charles Ng
E-Mail: [email protected]