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

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Ng Ren Jye

Published Fri, Jun 14, 2019 · 09:50 PM

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.

Debt restructuring

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