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After the extensive efforts of the month, including the organization’s scheme, which is beneficial to scheme creditors, in cooperation with reliable guardianship suppliers and conduct independent inspection of platform assets and platform liabilities. We successfully completed the voting process.
We are also pleased to inform you that the scheme received overwhelming support for creditors by 93.1% and 94.6% by voting bailiffs.
As the voting and IA approval scheme ends, the Singapore court will hold hearings to review the outcome before the scheme becomes effective. If the scheme becomes effective, the first distribution will be carried out within 10 working days of the effective scheme dates.
The first distribution during the recovery journey marks the main milestone.
However, this is just the first step. But what is next? We aim to maximize the future recovery and provide excessive exchange. Here’s how we plan to provide more in the long run –
- Restoration of blocking platform and stolen assets will be distributed to scheme creditors. Our goal is to ensure that these restored funds are quite distributed to all creditors.
- Income received from income New business initiatives will be distributed among creditors. We believe that these initiatives will create a stable income to strengthen the financial position of the platform and improve the overall recovery process. The goal is to create a long-term value for creditors, just immediately repayments.
- Recovery signs It will be provided to all schemes creditors on a rapid basis, providing fair and fair distribution. When the scheme becomes effective, these signs will be distributed within 60 business days.
Moving forward, as the voting and IA approval scheme is selected, we want to assure you that the percentages of transparency and creditors remain at the heart of our recovery strategy. The success scheme depends on collective efforts, and every step taken is a stronger, more resilient future for all stakeholders.
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