LIBRA Group has shed more light on the thinking behind its board reconstitution announced last week, in response to queries from the Singapore Exchange (SGX).

LIBRA Group has shed more light on the thinking behind its board reconstitution announced last week, in response to queries from the Singapore Exchange (SGX).

LIBRA Group on Thursday said it has entered into a legally-binding memorandum of understanding with Cascade Metals, a Singapore-incorporated investment holding company, for the disposal of the company's 100-per-cent stake in Libra Engineering for S$100,000 in cash.

LIBRA Group’s wholly-owned subsidiary, Cyber Builders, has appointed joint and several provisional liquidators for the creditor’s voluntary winding up of Cyber Builders.

DISTRESSED Libra Group said on Thursday its supplier Yick Hoe Steel Industries had filed a winding up petition dated Nov 12 in the High Court of Malaya against Libra's subsidiary, Libra Engineering & Manufacturing Sdn Bhd.

THE chief executive of Catalist-listed building solutions provider Libra Group quit on Friday, according to a disclosure filed with the bourse in the evening.

CATALIST-LISTED building solutions provider Libra Group, which suspended trading in August when it could no longer continue as a going concern, disclosed on Wednesday that United Overseas Bank (UOB) has appointed receivers for the company's mortgaged property in Loyang Drive.

THE Singapore High Court has granted distressed Libra Group a six-month reprieve against its creditors, the Catalist-listed company announced in a bourse filing on Monday. 

DISTRESSED Libra Group has received a letter of demand for US$18.8 million from UOB for outstanding banking facilities, the Catalist-listed company announced in a bourse filing on Friday. 

EMBATTLED building solutions firm Libra Group is facing another S$1.72 million in claims from its creditors and a lawsuit from an insurer, while owing the Inland Revenue Authority of Singapore (Iras) S$82,488 in unpaid taxes.