Home-grown electronics retailer Newstead Technologies, which owns brands such as nbox, Digital Style, and @notebook.com is currently in liquidation.
A listing onthe Accounting and Corporate Regulatory Authoritys (ACRA) Business Filing Portal indicated that the companys status wasin liquidation creditors voluntary winding up.
According to The Straits Times, this refers to the process in which a companys assets are collected and sold in order to pay its debts. Any monies remaining after all debts, expenses and costs have been paid off are distributed among the shareholders of the company. When the winding up has been completed, the company is formally dissol…
Read the full article at: https://www.humanresourcesonline.net/singaporean-electronics-retailer-newstead-technologies-undergoing-voluntary-liquidation/
