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Tiong Aik Construction unable to pay debts; appoints provisional liquidators

It is facing an “acute tightening” of cash flow from difficulties in collecting payments and retention monies, among other factors. Read more at straitstimes.com.

Singapore , Hougang , Singapore-general- , Bukit-timah , Kian-kiat , Wei-cheong , Deloitte-touche-financial-advisory-services , Ta-corp , Reed-smith-resource-law-alliance , Tiong-aik-construction , Aik-construction , Florence-residences

Tiong Aik Construction unable to pay its debts

Singapore-listed TA Corp says its wholly owned subsidiary, Tiong Aik Construction, has been placed under provisional liquidation as it is unable to pay its debts.

Hougang , Singapore-general- , Singapore , Bukit-timah , Wei-cheong , Kian-kiat , Touche-financial-advisory-services , Ta-corp , Deloitte , Reed-smith-resource-law-alliance , Tiong-aik-construction , Lin-yueh-hung