STX Pan Ocean plans four special purpose companies
- Wednesday 08 September 2010, 09:33
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- Dry Cargo
- Back to Lloyd's List Asia
SEOUL and Singapore-listed STX Pan Ocean will set up four special purpose companies for financing shipbuilding activities.In a statement to the Singapore exchange, the company said each SPC’s debt would be guaranteed by STX Pan Ocean for $23m each, or a total of around $92m.The...
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