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Oceanus shareholder acquires 'significant stake' from creditor group in married deal

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Claudia Tan HS

Published Fri, Jun 26, 2020 · 09:50 PM

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Singapore

ABALONE producer Oceanus Group announced on Friday that its former major creditor, Ocean Wonder International, no longer owns shares in the group, following the acquisition of a significant stake by its new shareholder group in a married deal.

This marks the exit of the last of the major creditor groups that became shareholders of Oceanus following a debt restructuring exercise in 2017.

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