TT International Limited Faces Winding Up Order and Appointment of Liquidators

TT International Limited (Company Registration Number 198403771D), a company incorporated in Singapore, has made a significant announcement regarding its ongoing winding up proceedings. This development is material and highly relevant for shareholders, creditors, and potential investors, given its potential impact on the company’s future and the value of its securities.

Key Highlights from the Announcement

• Winding Up Application Granted: The High Court of Singapore, during a hearing on 22 January 2026, has officially granted the winding up application against TT International Limited. This follows previous announcements by the company on 28 November 2025 and 25 December 2025 regarding the winding up process initiated by OCBC, a creditor.
• Appointment of Liquidators: The Court has appointed Timothy James Reid, Ng Yau Yee (Theresa), and Ng Zhao Rui of Baker Tilly Advisory Pte. Ltd. as joint and several liquidators. They will be responsible for managing the winding up process, including the realization and distribution of the company’s assets.
• Trading Suspension Remains in Effect: Trading in the company’s securities on the SGX-ST has been voluntarily suspended since 4 August 2017. The suspension remains in place, and there is currently no indication of its lifting in the near term.

Important Information for Shareholders

• Finality of Winding Up: The granting of the winding up order is a decisive step indicating that TT International Limited will proceed with liquidation. This means the company will cease all business operations, and the liquidators will begin the process of realizing assets and settling liabilities.
• Potential Impact on Share Value: The winding up order is typically negative for shareholders, as it usually leads to the dissolution of the company and the possible loss of all shareholder equity. Shareholders should be aware that, in most liquidations, creditors are paid first and there may be little or no residual value for equity holders.
• Ongoing Updates: The liquidators have stated that further announcements will be made if there are any material developments. Shareholders and potential investors are strongly advised to monitor these updates closely, as they may affect their interests.
• Professional Advice Urged: In light of the developments, all shareholders and potential investors are urged to seek advice from their stockbrokers, bank managers, solicitors, accountants, or other professional advisers before making any decisions regarding the company’s securities.

Summary and Outlook

The announcement of the winding up order and appointment of liquidators marks a critical juncture for TT International Limited. Shareholders should brace for the possibility that their investments may be rendered worthless, as liquidation typically prioritizes creditor claims. The status of the company’s suspended shares is unlikely to change until the winding up process reaches a resolution, and any remaining value for shareholders is highly uncertain.

Given the gravity of these proceedings, this news is highly price sensitive and represents a major turning point for the company and its stakeholders.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisers before making investment decisions related to TT International Limited.

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