SMRT-backed Strides DST under insolvency for $37.1m debt
The Strides DST team / Photo credit: Strides DST
Strides DST, also known as EVCo, is under insolvency due to a S$50 million (US$37.1 million) debt, reported The Straits Times.
OCBC Bank, as the main creditor, is owed S$47.6 million (US$35.3 million) by Strides DST, according to a document obtained by The Straits Times. The van leasing firm also has dues to SMRT, one of its key shareholders, worth roughly S$39,000 (US$29,000), while several entities associated with Strides are owed around S$590,000 (US$437,000).
……Read full article on Tech in Asia
One-stop lifestyle app dedicated to making life in Singapore a breeze!
English
简体中文
Sam Tan7653 27/03/2024
CPIB to investigate!!!!!
Reply