DSIC Offshore files for restructuring
Debt-ridden offshore project builder is seeking to work out a resolution to its more than $280m of net liabilities in order to avoid a liquidation. The shipyard has suffered from the ongoing weakness in the offshore market
As of end-2018, DSIC Offshore recorded a net liability of Yuan1.9bn ($283m), while its outstanding debts to CSIC stood at Yuan950m
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