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Pacific Radiance wins some, loses others in restructuring efforts
It continues to reach out to other potential investors to fulfil investment requirements
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Michelle Quah
Published Thu, Dec 20, 2018 · 09:50 PM
Singapore
DEBT-RIDDEN offshore and marine group Pacific Radiance said on Thursday that, despite firm commitments from certain investors on their portions of a previously announced US$85 million (S$116 million) equity injection scheme, other investors have reduced either in part or in full their previously indicated investments.
It added that it continues to, through its advisers, reach out to other potential investors to fulfil these investment requirements.
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