SAM Trade Asia PTE Ltd (SMFX)

[AlexR1]

Delay on court ruling, they found a lot of new irregularities that they want to ask the owners about to understand how things got so wrong.

The new timeline is:

*Dates may subjected to changes

Feb 10 - court directed IJMs to file a report on Mar 25

Mar 18 - IJMs requested court to amend deadline of IJM report and timeline

Mar 22 - court granted IJMs' request and approved ammended timeline

Mar 25 - IJMs to circulate relevant extracts of IJM report to directors

Apr 8 - directors will provide comments on IJM report

Apr 22 - IJMs will file IJM Report and will notify creditors

Apr 29 - creditors who wish to obtain a copy of the IJM report will make a request

May 6 - IJM report will be provided to creditors who requested

Jun 3 - creditors file reply affidavits in JM applications

Jun 24 - Samtrade shall file final reply affidavit (if any)

Jul 8 - written submissions and bundle of authorities for the JM applications (if any) shall be filed, exchanged and tendered to the court

- Samtrade shall submit an attendance list and time bank setting out the estimated amount of time that each party will require for oral submissions at the hearing

Jul 18 - full day hearing for JM Applications

Jul 5 - creditors who wish to attend the hearing must inform Rajah & Tann