SUBSCRIBERS
Marco Polo Marine's shipyard unit seeks stay on creditor claims
Published Wed, May 17, 2017 · 09:50 PM
Singapore
THE shipyard unit of troubled offshore and marine group Marco Polo Marine is seeking a scheme moratorium to restrain creditors from commencing legal proceedings against the unit.
An application for the stay order was made to the Singapore High Court after Marco Polo Shipyard Pte Ltd received a claim from its creditor, Hock Leong Enterprises Pte Ltd.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad