FEG aims to wrap up US$80m debt revamp in two months' time

Singapore

SINGAPORE-LISTED Falcon Energy Group (FEG) is looking to complete the restructuring of US$80 million of bank loans in the next two months, managing director P T Tan told The Business Times.

Mr Tan acknowledged that one of the four principal lenders, Ambank has put pressure on the group. But he expressed confidence in the restructuring exercise progressing further with three other lenders, OCBC Bank, CIMB Bank and Maybank indicating their support towards FEG.