In a press release on Tuesday (Oct 9), local IT and electronics retailer Newstead Technologies confirmed that it was placed under provisional liquidation last Thursday.

Acres Advisory’s Tee Wey Lih was appointed as its provisional liquidator and, together with its management team, they have completed a reorganisation of the business.

Acres Advisory – Licensed Singapore Liquidator – Best Restructuring Firm

Insolvency, Financial Advisory, Restructuring Services and Litigation Support Services. We provide turnaround and restructuring advisory services and assist to close Singapore company