NutryFarm International (SGX:AZT) entered into an agreement along with its judicial manager with Corpbond IV to facilitate the restructuring of claims of its creditors, according to a filing with the Singapore Exchange on Monday.
Based on the agreement, each creditor will receive a lump sum payment of 20% of each approved claim in cash. Following the assignment of claim, a creditor will have no further claims against the company.
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