OW Bunker creditors in Denmark may not have dibs on S'pore units' receivables
Singapore
CREDITORS of the beleaguered Danish marine fuel supplier OW Bunker in Denmark may not automatically have the right to claim from the group's failed Singapore subsidiaries.
KPMG, the provisional liquidators of the two Singapore-based units - OW Bunker Far East (Singapore) and Dynamic Oil Trading (Singapore) - have disclosed that the trustees and receivers in Denmark do not have secured rights over all receivables of these two Singapore companies.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply