Marco Polo Marine to meet noteholders to discuss options as notes' maturity nears
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MARCO Polo Marine on Wednesday said that it has appointed KPMG Services as adviser to the group to conduct an independent business review, in view of the upcoming maturity date of its notes on Oct 18.
These are its Series 001 S$50 million 5.75 per cent fixed rate notes due 2016, issued under its S$300 million multicurrency medium-term note programme.
The company will be hold an informal meeting with noteholders on Sept 13 to present the independent business review to them, and discuss with them the various options.
"The informal meeting will be held on a 'without prejudice' basis," it said.
Marco Polo Marine is an integrated marine logistics group. Its businesses include ship chartering, ship building, conversion, repair and maintenance services. The stock finished flat at S$0.088 on Wednesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
