Corporate digest

Mercator Lines (Singapore)

THE court has dismissed an application by HSH Nordbank to put shipping company Mercator Lines (Singapore) under interim judicial management (IJM). HSH is a creditor of Mercator, whose management had resisted the application and instead sought to restructure the company via a scheme of arrangement after the company was placed on the Singapore Exchange's watch-list for posting three straight years of losses. Shares in Mercator last traded at S$0.019 on Wednesday.

Thai Beverage Public Co