DHC Capital appointed as independent financial advisor to Viking Offshore and Marine Ltd (SGX: 557) on its debt restructuring
DHC Capital has been appointed as independent financial advisor to Viking Offshore and Marine Ltd (SGX: 557) to advise on the debt restructuring and scheme of arrangement. Viking Offshore and Marine Ltd applied to the Court to commence a Court supervised process to reorganise its liabilities and to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211B of the Companies Act. Its subsidiary Viking Asset Management Pte Ltd also made an application to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211C of the Companies Act. Read on for Viking Offshore and Marine Ltd’s announcement on the appointment.
About Viking Offshore and Marine Ltd
Viking Offshore and Marine Ltd is an offshore and marine specialist that is listed on the Singapore Exchange. Its business includes system integration services and offshore and marine asset ownership and provision of chartering services.