Otto Marine has withdrawn the winding-up application against Hoe Leong Corporation after the latter paid its outstanding debt.
The Singapore-listed company said former partner Hoe Leong had paid $0.92m on 9 September.
This sum was part of a total debt of $1.5m arising from a supplemental deed in 2014.
Hoe Leong had paid $0.58m in the past and it has now covered the whole outstanding amount.
The
