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Published Wed, Dec 20, 2017 · 09:50 PM
Marco Polo Marine
THE Batam-based unit of Marco Polo Marine has been given approval to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment. This means Marco Polo has cleared the final hurdle to proceed with debt restructuring for the holding company and its key shipyard subsidiary under two schemes of arrangement filed with Singapore's High Court.
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