TT International (SGX:T09) has adjourned its scheme meeting to no later than March 14 after creditors approved the delay, according to a Monday filing on the Singapore Exchange.
A Singapore court has extended the company's moratorium until April 14, when it will hear the firm's request to prolong its restructuring deadline and amend the scheme.
The company, whose shares have been suspended since 2017, said there is no certainty the restructuring will succeed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.