MF GLOBAL SINGAPORE PTE. LIMITEDCompany Registration No. 198403253G
(Provisional Liquidators Appointed)
c/o 16 Raffles Quay #22-00
Hong Leong Building
Singapore 048581
MEDIA STATEMENT
1 February 2012
UPDATE ON THE COURT APPLICATION FOR SANCTION OF THE PROPOSED INTERIM DISTRIBUTION OF CUSTOMERS´ SEGREGATED AND PROPRIETARY FUNDS
Further to the press release of 30 January 2012, the Provisional Liquidators have been informed by the High Court of Singapore that the application for sanction of the proposed Interim Distribution has been fixed for continued hearing on 8 February 2012.
The Provisional Liquidators will update customers of the outcome of the above Court application on MF Global Singapore Pte. Limited (Provisional Liquidators Appointed)´s website at www.mfglobal.com.sg.
Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng
For and on behalf of
MF Global Singapore Pte. Limited
(Provisional Liquidators Appointed)
30 January 2012
UPDATE ON THE COURT APPLICATION BY MF GLOBAL SINGAPORE PTE. LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) (THE "COMPANY") FOR SANCTION OF THE PROPOSED INTERIM DISTRIBUTION OF CUSTOMERS´ SEGREGATED AND PROPRIETARY FUNDS
The Provisional Liquidators´ application to the High Court of Singapore for sanction of their proposed Interim Distribution of up to US$350 million of the available customers´ segregated and proprietary funds collected was heard before the Honourable Justice Belinda Ang in chambers for half a day today, 30 January 2012, as allocated previously by the Court. Given the thorough investigation into the factual and legal position undertaken by the Court, the matter could not be fully disposed of today, and the Court has ordered that the hearing of the aforesaid application is to continue on a date to be fixed, on an urgent basis, by the Court.
The Provisional Liquidators will update customers of the outcome of the above Court application on the Company´s website at www.mfglobal.com.sg.
Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng
For and on behalf of
MF Global Singapore Pte. Limited
(Provisional Liquidators Appointed)
19 January 2012
UPDATE ON THE COURT APPLICATION FOR SANCTION OF THE PROPOSED INTERIM DISTRIBUTION OF CUSTOMERS´ SEGREGATED AND PROPRIETARY FUNDS
Further to the press release of 13 January 2012, the Provisional Liquidators have been informed by the High Court of Singapore that their application for sanction of their proposed Interim Distribution has been re-fixed for hearing on 30 January 2012.
The Provisional Liquidators will update customers of the outcome of the above Court application on the Company´s website at www.mfglobal.com.sg.
Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng
For and on behalf of
MF Global Singapore Pte. Limited
(Provisional Liquidators Appointed)
13 January 2012
UPDATE ON THE COURT APPLICATION FOR SANCTION OF THE PROPOSED INTERIM DISTRIBUTION OF CUSTOMERS´ SEGREGATED AND PROPRIETARY FUNDS
By the press release of 11 January 2012, the Provisional Liquidators announced that they have filed an application to the High Court of Singapore for sanction of their proposed Interim Distribution of up to US$350 million of the available customers´ segregated and proprietary funds collected. The above application has since been fixed for hearing before the High Court of Singapore on Friday, 20 January 2012. The Provisional Liquidators will update customers of the outcome of the above Court application on the Company´s website at www.mfglobal.com.sg.
Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng
For and on behalf of
MF Global Singapore Pte. Limited
(Provisional Liquidators Appointed)
11 January 2012
UPDATE ON THE PROPOSED INTERIM DISTRIBUTION OF CUSTOMERS´ SEGREGATED AND PROPRIETARY FUNDS OF MF GLOBAL SINGAPORE PTE. LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) (THE "COMPANY")
Bob Yap, Head of Transactions and Restructuring at KPMG Singapore, and one of the Provisional Liquidators of the Company said:
"With excellent progress having been made in the collection of segregated and proprietary funds of customers of MFGS over the last two and a half months, we now propose to effect an interim and provisional distribution of up to US$350 million of such collected funds, with payment to commence in February 2012, subject to sanction of Court, which is pending, being obtained in January 2012. This represents a return of the bulk of the total customers´ funds collected thus far and serves to return monies to customers as quickly as possible, whilst efforts continue to be made to advance the completion of the reconciliation of customers´ accounts and collection of the remaining customers´ funds".
Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng
For and on behalf of
MF Global Singapore Pte. Limited
(Provisional Liquidators Appointed)
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