Novena Global Healthcare (NGH) co-founder Terence Loh was declared bankrupt yesterday after his “white knight” plan was abandoned.
Mr Loh, 43, who has total outstanding debts of about $70 million with five banks stemming from personal guarantees for the loans held by NGH, had tried to enter into a voluntary arrangement with his creditors to repay them.
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Read the full article at: https://www.straitstimes.com/business/companies-markets/terence-loh-declared-bankrupt-after-white-knight-plan-abandoned
