Brief: Oceanus Group entered into term sheet in relation to proposed debt restructuring

Oceanus

08/09/2016 10:14

Sept 8 (Reuters) - Oceanus Group Ltd  OCGL.SI : 
 * Term sheet in relation to the proposed debt restructuring of the company)  OCGL.SI  
 * Entered into binding term sheet with ocean wonder international and bw investment in respect of proposed debt restructuring of co 
 * Restructuring will primarily be effected through conversion of existing debt into equity, by issue of new ordinary shares 
 * As at 30 June 2016, total outstanding debt balance under owil loan agreement & bwil loan agreement is approximately sgd 71.85 million 
 * Source text for Eikon  ID:nSNZbmXpRH  
 
 
 
   ((Further company coverage:  OCGL.SI )) 
   ((Bangalore.newsroom@thomsonreuters.com))