For subscribers
HTL co-founder agrees to buy back troubled sofa maker
Sign up now: Get ST's newsletters delivered to your inbox
Co-founder and former managing director of HTL International Phua Yong Tat and his associates have signed a sale and purchase agreement to rescue the firm.
PHOTO: ST FILE
Follow topic:
Distressed Singapore-based sofa maker HTL International has been given a lifeline, with co-founder Phua Yong Tat signing an agreement to buy back the company.
Mr Phua and his associates have signed the sale and purchase agreement with the interim judicial managers from Deloitte and Touche, who had been appointed by the High Court.
