Rickmers Maritime forced to adjourn noteholders' meeting
Just eight individuals representing 65% of notes issued show up
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
A noteholders' meeting seeking consent for the restructuring of S$100 million in medium-term notes on the books of Rickmers Trust Management Pte Ltd was adjourned after failing to garner the required threshold to justify a vote.
The trustee-manager of mainboard-listed Rickmers Maritime said in a media briefing on Wednesday afternoon that just eight individuals, representing about 65 per cent of the notes issued, were present at the morning meeting; they represented less than the 75 per cent threshold needed to establish a quorum.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
