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Updates on Overseas Subsidiary

| Updated on January 18, 2016 Published on January 18, 2016

With reference to the letter dated November 25, 2015 Mercator Ltd has now informed BSE that hearing for the Judicial Management (JM) Application of the Mercator Lines (Singapore) Ltd (MLS) was held on January 18, 2016 by the High Court of Republic of Singapore (The Court) and the Court approved placing MLS under JM and appointed Judicial Manager.

The Judicial Manager has announced that he intends to evaluate all of the available options in order to preserve the value of the assets of MLS for the benefit of its creditors. The Judicial Manager will provide further updates as and when appropriate.

Source : BSE - >www.bseindia.com

Published on January 18, 2016
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