Kuah Ann Thia News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Kuah ann thia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Kuah Ann Thia Today - Breaking & Trending Today
Creditors of distressed Singapore shipping firm Pacific International Lines (PIL) were to have voted yesterday on a restructuring deal that involved a capital injection from a unit of Temasek.. Read more at straitstimes.com. ....
The Straits Times Singapore retail investors to vote on fate of struggling shipping firm PIL Under the terms of PIL s restructuring plan, each holder of unsecured notes would pick one of two options.PHOTO: PIL UpdatedFeb 1, 2021, 10:42 am PublishedFeb 1, 2021, 7:36 am SGT https://str.sg/JKCn They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. ....
By David Ramli and Ameya Karve (Bloomberg) Creditors to struggling Singapore shipper Pacific International Lines Pte will vote Monday on a restructuring deal that involves a capital injection from a unit of Temasek Holdings Pte. It’s an important day for investors who oppose the plan like Singapore businessman Kuah Ann Thia, an unsecured noteholder – the most vulnerable in the bond world. He and other individual investors hold parts of PIL’s S$60 million security ($45 million) that came due in November but which the shipper hasn’t repaid. Kuah had initially felt relief last year when he heard that the Temasek unit was providing a $600 million package comprising debt and equity to PIL. But he said he became worried when he saw the company’s restructuring plan. Under the so-called scheme of arrangement, it could be at least five years before unsecured noteholders saw actual cash payments, according to presentation materials. ....
SINGAPORE (Feb 1): Creditors to struggling Singapore shipper Pacific International Lines Pte will vote Monday on a restructuring deal that involves a capital injection from a unit of Temasek Holdings Pte. It’s an important day for investors who oppose the plan like Singapore businessman Kuah Ann Thia, an unsecured noteholder – the most vulnerable in the bond world. He and other individual investors hold parts of PIL’s S$60 million security ($45 million) that came due in November but which the shipper hasn’t repaid. Kuah had initially felt relief last year when he heard that the Temasek unit was providing a $600 million package comprising debt and equity to PIL. But he said he became worried when he saw the company’s restructuring plan. Under the so-called scheme of arrangement, it could be at least five years before unsecured noteholders saw actual cash payments, according to presentation materials. ....