Key question facing ‘small but strong’ PIL
Mid-size carrier Pacific International Lines has once again been declared not for sale, but a similar assertion about its Singamas unit was summarily backtracked on
Singamas chairman Teo Siong Seng reiterates that he’s not selling his family-owned liner shipping business. But he had earlier said the same thing about his container-making firm Singamas, which is now in a framework agreement to divest the majority of its assets
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