An interesting few weeks coming. The 14 days for two of the investors has passed and the 14 days for the third investor, Tanzil Hidyat, is due on Thursday 15 February. After this date Xstate can take enforcement measures, if necessary, to receive the funds.
The investors have spent the last year ducking and weaving and playing their games, breaking promise after promise to pay the funds.
Their time is now up and no more chance to play games. There is also no where to hide, the spotlight of the High Court of Singapore and the business community is firmly on them.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
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