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

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.