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Rickmers Maritime forced to adjourn noteholders' meeting

Just eight individuals representing 65% of notes issued show up
Thursday, November 10, 2016 - 05:50

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Rickmers Maritime's chief executive Soeren Andersen urged noteholders to carefully consider the proposal to "avoid a potential winding up of the trust".

Singapore

A noteholders' meeting seeking consent for the restructuring of S$100 million in medium-term notes on the books of Rickmers Trust Management Pte Ltd was adjourned after failing to garner the required threshold to justify a vote.

The trustee-manager of mainboard-listed

sentifi.com

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