Homepage
PR Newswire
http://splash247.com/pacific-radiance-ri...teholders/
Pacific Radiance is in trouble as bondholders have voted no to a debt to equity swap, which would have given them about 45.6 mil in shares in exchange of their 100 mil principal.[which might be worth less as selling the shares in mass drove will depress its share price]
http://infopub.sgx.com/FileOpen/2018-02-...eID=487581
I am hoping for Pacific Radiance to undergo a liquidation because I am interested to see how its govt back financing scheme will be reimbursed back to our Stat boards. It will be a good experiment to see if govt agencies will wipe it off to benefit banks and bondholders or otherwise
Pacific Radiance is in trouble as bondholders have voted no to a debt to equity swap, which would have given them about 45.6 mil in shares in exchange of their 100 mil principal.[which might be worth less as selling the shares in mass drove will depress its share price]
http://infopub.sgx.com/FileOpen/2018-02-...eID=487581
I am hoping for Pacific Radiance to undergo a liquidation because I am interested to see how its govt back financing scheme will be reimbursed back to our Stat boards. It will be a good experiment to see if govt agencies will wipe it off to benefit banks and bondholders or otherwise