Hearing to confirm KPMG as ZenRock's judicial managers set for next Monday

The appointment of KPMG's Martin Wong, Bob Yap and Toh Ai Ling as judicial managers of ZenRock will be determined at the July 13 hearing.
The appointment of KPMG's Martin Wong, Bob Yap and Toh Ai Ling as judicial managers of ZenRock will be determined at the July 13 hearing.ST PHOTO: KELVIN CHNG

A High Court hearing will be held next Monday on an application to confirm KPMG Services' appointment as judicial managers of embattled ZenRock Commodities Trading, which filed for bankruptcy protection in May.

The Singapore-based oil trader owes its institutional lenders over US$165 million (S$230 million).

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A version of this article appeared in the print edition of The Straits Times on July 08, 2020, with the headline 'Hearing to confirm KPMG as ZenRock's judicial managers set for next Monday'. Print Edition | Subscribe