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Creditors vote in favour of Marco Polo Marine’s debt restructuring plan

PC Lee Published on Thu, Nov 16, 2017 / 10:38 PM GMT+8

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SINGAPORE (Nov 16): Marco Polo Marine’s debt restructuring plan has garnered the necessary majority vote from its scheme creditors.

Two court meetings were held on Thursday for the creditors of the marine logistic group and subsidiary Marco Polo Shipyard (MPSY) to vote.

Under its debt restructuring plan, Marco Polo Marine is asking creditors to forgive up to $258 million of debts to clear the way for $60 million new equity to be injected into group.

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Creditors vote in favour of Marco Polo Marine’s debt restructuring plan