Brief: Marco Polo Marine responds to SGX queries

Marco Polo Marine

23/04/2017 16:25

April 23 (Reuters) - Marco Polo Marine Ltd  MAPM.SI  
    * Refers to queries raised by singapore exchange securities 
trading ltd on 18 April 2017 
    * "non-payment of april interest payment on 18 april 2017 
has triggered an event of default in respect of the notes" 
    * Company will continue to engage banks and lenders on 
proposed refinancing and debt restructuring 
    * Proposed refinancing and debt restructuring is expected to 
include fresh injection of funds for co's required working 
capital 
    * Subject to satisfactory conclusion of refinancing & 
barring further deterioration in oil prices, co expects to 
continue as a going concern 
    * Board is of opinion that at this time there is no 
necessity to suspend trading 
 
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Further company coverage:  MAPM.SI  
 
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