The Business Times
business-time-50

Corporate digest

Published Tue, Jan 21, 2020 · 09:50 PM

Pacific Radiance

DISCUSSIONS with a financier who was planning to extend at least US$180 million in new debt to Pacific Radiance have come to a halt. The offshore marine services firm, which is working on a debt restructuring plan, said the talks "stalled" due to "certain difficulties" which arose in the course of discussions.

The new debt and new equity via a placement were meant to finance Pacific Radiance's proposed acquisition of Allianz Marine and Logistics Services and repay existing debts.

Corporate Digest

TRENDING NOW

Higher Singapore dollar rates should support the net interest margins of DBS, OCBC and UOB.

Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact

From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

Desmond Sim’s resignation comes almost 18 months after the merger of ETC and OrangeTee to form Realion.

Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC

Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More