Corporate digest
Mercator Lines (Singapore)
THE court has dismissed an application by HSH Nordbank to put shipping company Mercator Lines (Singapore) under interim judicial management (IJM). HSH is a creditor of Mercator, whose management had resisted the application and instead sought to restructure the company via a scheme of arrangement after the company was placed on the Singapore Exchange's watch-list for posting three straight years of losses. Shares in Mercator last traded at S$0.019 on Wednesday.
Thai Beverage Public Co
TRENDING NOW
QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singapore staff first to go in Meta’s 8,000 global job cuts
Xi Jinping has just rewritten the rules of US-China rivalry