Hiap Seng enters subscription agreement with Singaporean logistics group
Credit: iStock.com/1971yes
Struggling oil and gas services provider Hiap Seng Engineering has entered an agreement with Singapore-headquartered logistics group Vibrant and the chief executive of construction company CGC Group, which will see them subscribe to almost US$6 million of new shares to help pay off its debts.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now