(Aug 26): JES International Holdings, a once actively traded Chinese shipbuilder, has been under judicial management since February as it struggled with debt. It owes two major creditors $5.1 million and $2.2 million each. It no longer generates any revenue, yet incurred losses of RM313,000 ($103,6...

JES International on Friday said that it has signed an implementation agreement with PLMP Blockchain Holding for a proposed transfer of its listing status to PLMP by way of a scheme of arrangement.

SINGAPORE'S High Court has granted JES International’s judicial manager an extension until July 18 to submit its proposals to the Chinese shipbuilding and engineering firm’s creditors and the court's registrar. 

A JUDICIAL manager has been appointed for Chinese shipbuilding and engineering firm JES International following its application for judicial management in February.