Ntegrator Provides Details on Singapore High Court's Winding Up Order

MT Newswires

Feb 04, 2025

Ntegrator Holdings (SGX:WVJ) disclosed further details of the winding up order by the High Court of Singapore and appointment of liquidator, according to a filing with the Singapore Exchange on Monday.

The court said the company had failed to respond to the statutory demand issued by former financial controller Sw Chan Kit to demonstrate its solvency, with a proposed scheme of arrangement deemed unacceptable to creditors.

Moreover, the company had not filed any audited accounts since 2022 and did not call for an annual general meeting by the end of October 2024.

Therefore, the court ordered the company to be wound up and Baker Tilly Consultancy was appointed as the liquidator.

The company added that it is still in the process of reviewing the court's grounds of decision and will decide whether to appeal the decision by Feb. 7.

Separately, David Dong-Won Kim and Cameron Lindsay Duncan of KordaMentha have been appointed as the interim judicial managers of Ntegrator Pte Ltd., a unit of Ntegrator Holdings, the filing said.

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