Viking Offshore suspends trading; seeks debt restructuring, moratorium against creditors

Singapore

VIKING Offshore and Marine (VOM) has suspended trading of its shares, and is seeking a court-supervised debt restructuring and a moratorium against creditors seeking payment.

The troubled offshore and marine system solutions provider said it was in a net negative current asset position with net current liabilities of S$11.1 million as at Dec 31, 2018.