You are here
Nam Cheong defaults on notes, freezes repayment on all debt
Group seeks to restructure over US$1.2 billion of borrowings and US$770 million of contingent liabilities
MAINBOARD-listed Nam Cheong, an offshore support vessel-focused player, is defaulting on a coupon tied to its S$90 million notes as it "temporarily ceases" repayment on all borrowings.
Nam Cheong said on Thursday that the holding company
- CALL +65 6388 3838
- EMAIL firstname.lastname@example.org