How many firms under JM could be staring down the barrel of liquidation?

Singapore

FROM the get-go, the corporate rescue of debt-hit ZenRock Commodities Trading had seemed like a long shot.

The trader of crude oil and petroleum products counted oil majors and China refineries as customers. And it had faced severe financial strain earlier this year as oil prices plumbed, credit tightened and the Chinese markets shut down due to Covid-19.

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