High Court grants extension of moratoria for Pacific Radiance
Add BT as a preferred source
THE High Court has granted an extension of moratoria for offshore marine services firm Pacific Radiance and its units, Pacific Crest and CSI Offshore.
The moratoria, which have been extended several times before, will now expire after April 30, 2021 instead of Nov 30, 2020.
The mainboard-listed firm said its legal and financial advisers for its debt restructuring are Drew & Napier and KPMG Services.
Trading in Pacific Radiance shares has been voluntarily suspended since Feb 28, 2018.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
