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April 7, 2025 Zettai Pte Ltd. It is pleased to announce that the scheme of the agreement received a predominant support in the recent recent voting process by creditors. All creditors were eligible to vote for the proposed reconstruction of Singapore in the Wazirx Platform. The voting process was carried out on the platform of Kroll Issuer’s services from March 19 to March 28.
Strong approval across the board
In general, the approved requirements of 141,476 submit creditors to the approved requirements.
Creditors of the scheme of 101,659 scheme of creditors who submitted by the approved requirements have received a vote of the scheme for the “scheme”. This is 93.1% with a calculator, and 94.6% are according to the value of the creditors of the scheme of voting scheme.
This level of support significantly exceeds the requirement of the “Action 210” (3AB).
Consistent Support: Regardless of Request
The rate of approval is remarkable from 92% to 95%, in all creditors’ sections, creditors with the greatest requirements. This joint support of Zettai’s diverse base confirms a wide range of reconstructions on the recommended reconstruction, regardless of the required claim.
“We are grateful for the strong votes of trust,” said Vazirs’ founder characters. “This consistent support in our entire base shows about our reconstruction approach and recovery program.”
Checking and transparency
Zettai voted for an independent assessment (Hesu Taylor and Henry Anthony Palace by Alvarez and Marsalk) to ensure complete transparency and accuracy in the voting process. After a thorough examination, an independent appraiser informed the official verification report to the Manager of Zetlail and the Scheme to confirm the results and results of the voting (“Voting Report”). The report of the voting report will be available to the creditors of all schemes, which can be seen in a short period of the instructions on how the updated lenders list (which has been changed as a result of the voting results).
The next steps. Appealing to court
According to the results of the inspected voting, the next step by the Singapore court is sanctioned. We are pleased to announce that Zetai soon appeals to the Singapore court for sanctions on the debtor-approved scheme. After accepting the performance, “Singapore” court, Zetai will update all the schemes creditors with a copy of the legal presentation.
The next steps. In accordance with an effective scheme (subject to sanctions)
The first distribution will begin within 10 working days of the scheme subject to the effectiveness of the court’s sanctions and scheme.
The elimination and trade resumption will take place during the stages of adjusting the regulatory guidelines to prioritize the user’s availability.
Moreover, from the press.
- More than 90% of Wazirx voting creditors choose to support reconstruction scheme
- Creditors remain behind Vazir’s reorganization scheme last year worth $ 234m
- Wazirx lenders vote for “yes” reconstruction
- Wazirx News. The debt reorganization plan supports the user’s funds disappear.
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