Singapore-listed shipbuilder JES International Holdings has had its judicial management application accepted.
The Chinese group has been placed under the court-led management of Yit Chee Wah from FTI Consulting.
Yit previously oversaw the judicial management of bulker owner Mercator Lines, which ended in the winding up of the company.
Trading in JES shares has been suspended on the Singapore Exchange since 4 March, 2015.
In January this year, JES said it was hoping to seal a takeover by blockchain company PLMP Fintech.
The sale of JES' shipyard subsidiaries in China failed during 2018.
