Brief: Marco Polo Marine says reasonably confident of generating operating cash flows for next 12 months

Marco Polo Marine

30/12/2016 09:46

Dec 30 (Reuters) - Marco Polo Marine Ltd  MAPM.SI  
    * Is in process of working out with relevant banks to extend 
tenure of its various bank borrowings 
    * Group is working towards procuring financing aid available 
under financial assistance programs instituted by spring 
singapore 
    * Reasonably confident of generating sufficient operating 
cash flows to meet its working capital needs/part of such needs 
for next 12 months 
    * Loans restructuring is expected to significantly improve 
negative working capital position of group 
    * "Is cautiously optimistic that group would be able to 
implement loans restructuring" 
 
Source text for Eikon:  ID:nSNZ4jBcR  
Further company coverage:  MAPM.SI  
 
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