Vallianz Holdings defers distribution for US$22.5m perpetual securities
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
OFFSHORE support vessel owner and operator Vallianz Holdings is postponing a perpetual securities distribution originally due on Friday.
The company said it has exercised its rights to defer the payment of distributions for its US$22.5 million 4 per cent senior perpetual securities.
This was done on the basis that in the preceding 12 months, the company did not make any payments for obligations junior to the perpetual securities.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
