SUBSCRIBERS
Oceanus calls for EGM to approve debt restructuring plan
Published Thu, Dec 7, 2017 · 09:50 PM
Singapore
ABALONE company Oceanus Group on Thursday put out its plan to restructure more than S$80 million in debt owed to key creditors, and will seek approval from its shareholders at an extraordinary general meeting (EGM) for this proposal.
The key creditors are BW Investment, Ocean Wonder International and Ocean King Group. The company also owes money to current and former directors who have yet to be paid director fees.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
UOB awards Wong Kan Seng over S$400,000 in shares
US: Wall St opens lower as megacaps drag
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
New York Times beats profit estimates on bundle strength