Saturday, Apr 25, 2015Saturday, Apr 25, 2015

Z-Obee and subsidiary served winding-up petitions by ANZ

Published on Apr 9, 2014 11:31 AM

SINGAPORE - Z-Obee Holdings, a technology company listed in Singapore and Hong Kong, said on Tuesday night that two winding-up petitions have been filed against it and its wholly-owned subsidiary Max Sunny.

The petitions were filed by Australia and New Zealand Banking Group (ANZ) in Hong Kong's High Court, Z-Obee said in a statement.

They involve an outstanding loan in the net amount of US$6.78 million (S$8.5 million).

The winding-up petitions will be heard at the High Court on April 29.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!