Asdion seeks creditor scheme of arrangement, triggering automatic moratorium
Bitget2026/10/28 09:47- Asdion and its 51%-owned subsidiary Transeaways Shipping filed for a creditor scheme of arrangement and restraining order on October 27, 2026.
- An automatic moratorium protects the applicants until the court decides the application or December 27, 2026, whichever comes first.
- The protection blocks winding-up actions and receiver appointments, while restricting legal proceedings and enforcement without court permission.
- The High Court of Malaya in Kuala Lumpur will hear the application on November 3, 2026.
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