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Marco Polo eyes S$60m equity under revamp plan

Its restructuring move also calls for debt-to-equity swap and severe haircuts for some trade claims

Published Mon, Sep 4, 2017 · 09:50 PM
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Singapore

MAINBOARD-listed Marco Polo Marine is tabling under a scheme of arrangement (SA) a restructuring plan involving new equity injections of S$60 million into the parent group, debt-to-equity swap and severe haircuts for some trade claims filed against its shipyard subsidiary.

Court documents rel…

KEYWORDS IN THIS ARTICLE

Debt restructuring

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