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Triyards gets new cash injections, faces claims from DBS, other banks

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Published Fri, Sep 7, 2018 · 09:50 PM

Singapore

FINANCIALLY distressed yard operator Triyards has received fresh cash injections in excess of US$4 million as it faces new claims from DBS Bank and other lenders.

DBS has issued letters of demand for claims of about US$43.9 million which the bank indicated as having been triggered by events of default, Triyards disclosed after Friday's trading close.

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