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O&M equity: Eyes on banks' responses to haircuts
Corporate workouts will not move without lenders' support; banks stand to redeem themselves only if they choose wisely which entity to support
Add BT as a preferred sourcePublished Tue, Sep 5, 2017 · 09:50 PM
Singapore
NEWS of two financially challenged listed offshore and marine (O&M) entities getting fresh equity injections buoys hopes that those still holding up three years into an industry downturn may make it to the light at the end of the tunnel.
Emas Offshore Limited is in line for US$50 million of new equity from fellow listed O&M company Baker Technology and privately owned buyout firm Point Hope.
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