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Jurong Aromatics in receivership as talks to restructure debt stall

Petrochemical plant has failed to service interest payments amid plunge in oil prices
Wednesday, September 30, 2015 - 05:50
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Jurong Aromatics Corp, operator of one of the world's largest petrochemical plants, has been pushed into receivership after debt-restructuring talks stalled, according to a filing with the Accounting and Corporate Regulatory Authority (Acra).

Singapore

JURONG Aromatics Corp, operator of one of the world's largest petrochemical plants, has been pushed into receivership after debt-restructuring talks stalled, according to a filing with the Accounting and Corporate Regulatory Authority (Acra).

Restructuring firm Borrelli