Independent journal on economy and transport policy
07:56 GMT+1
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HSH Nordbank has introduced request so that Mercator Lines is placed under judicial administration
the board of directors of the company of Singapore has announced opposition to such demand
September 14, 2015
With a today's official notice to the Stock exchange of Singapore the marine company Mercator Lines (Singapore), than work a fleet of 13 ships portarinfuse, has announced that past thursday the branch of Singapore of the German bank HSH Nordbank, that is one of the creditors of Mercator Lines, has introduced a request to Alta Corte of Singapore so that the shipowning company comes mail under judicial administration, demand that will be examined by the court on 29 September.
Remembering that, as specified 3rd june in response to questions you mail to the company from the Stock exchange of Singapore, the board of directors and management of Mercator Lines is working with the creditors of the company, the financial advisor independent and the legal adviser to the aim to define a restructure plan and in order to in existence resolve the issues with all the creditors, the board of directors of Mercator Lines has emphasized not to consider that the nomination of a judicial administrator is in the interest of the company, its creditors and its shareholders and has announced the intention of Mercator Lines to oppose itself to such request.
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With a today's official notice to the Stock exchange of Singapore the marine company Mercator Lines (Singapore), than work a fleet of 13 ships portarinfuse, has announced that past thursday the branch of Singapore of the German bank HSH Nordbank, that is one of the creditors of Mercator Lines, has introduced a request to Alta Corte of Singapore so that the shipowning company comes mail under judicial administration, demand that will be examined by the court on 29 September.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
