Robinsons' liquidators approved; payments to creditors expected between April and June 2021

Sources said the cash distribution to creditors is expected to take place between April and June next year. PHOTO: ST FILE
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SINGAPORE - Creditors of insolvent department store Robinson & Company have approved the appointment of liquidators as the firm begins closing its last two stores - at The Heeren and Raffles City Shopping Centre.

More than half of the 440 creditors which are owed at least $31.7 million attended an online meeting on Thursday (Nov 26) and appointed corporate advisory and restructuring firm KordaMentha's Mr Cameron Duncan and Mr David Kim to undertake the process of winding up the firm.

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