Zipmex applies to Singapore court to extend creditor protection until April 2023

According to CoinDesk, Zipmex applied to the Singapore court to extend the protection period of creditors until April 2023. According to people familiar with the matter, Zipmex is still negotiating with an investor on an acquisition transaction that may be completed as early as next week. Foresight News previously reported that Zipmex may sign a rescue plan worth more than $100 million, in which V Ventures, a venture capital firm founded by Thai billionaire and coffee king Prayudh Mahagitsiri's son Chalermchai Mahagitsiri, will lead the rescue plan in exchange for Zipmex 90% of the shares.