You are here

NEWS ANALYSIS

Arduous journey ahead for Nam Cheong

OSV-focused player needs to overhaul its business model and restructure loans, contingent liabilities
Monday, July 24, 2017 - 05:50

Singapore

AT first glance, it seems Nam Cheong's noteholders hold the trump card in the debt-restructuring bid of the offshore support vessel (OSV)-focused listed group.

Nam Cheong needs a 75 per cent majority vote to proceed with restructuring under the scheme or schemes of

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom