You are here

HOCK LOCK SIEW

For Oceanus minorities, relief comes too late

The company's debt restructuring offers hope, but minority shareholders recall when the stock was worth barely a cent. In these businesses, nature and luck play their hand

OCEANUS Group, touted as the world's largest land-based abalone producer, may have escaped yet another financial crisis with its latest debt-restructuring exercise.

Three days before Christmas, shareholders of the abalone and premium seafood supplier, which has been on the Singapore...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes