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Pacific Radiance receives S$85m lifeline amid prolonged downturn

The loans come from two financing schemes under IE Singapore and Spring Singapore

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Mr Pang said market conditions will remain challenging in the near-term.

Singapore

OFFSHORE marine support services company Pacific Radiance has received S$85 million in loans under two Singapore government-backed financing schemes to help it tide over the prolonged marine and offshore engineering industry (M&OE) downturn.

The overdraft, disbursed

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