Singapore Court Discharges Alpha DX from Judicial Management; Winding-Up Order Issued
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The High Court of Singapore discharged judicial management of Alpha DX and made a winding up order of the company, according to a Wednesday filing with the Singapore Exchange. Earlier, judicial managers had applied to discharge the judicial management order and place the company into liquidation after failing to secure a rescue plan. Alpha DX was placed under judicial management as part of a restructuring effort, but the failure to secure a turnaround plan has prompted the shift toward liquidation.
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