Marco Polo wins support for new share issuance
It has just one remaining hurdle to clear before it can proceed with restructuring under two schemes of arrangement filed with Singapore's High Court
Singapore
MARCO Polo Marine won a majority vote at an extraordinary general meeting (EGM) on Thursday in favour of the issuance of new securities that are key to the offshore and marine company's restructuring plan.
This is despite its controlling shareholder having voluntarily abstained from voting for one of the two resolutions tabled at Thursday's EGM.
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