PIL creditors vote to approve restructuring plan
Financially troubled Pacific International Lines has won the required majorities across four classes of creditors to proceed with a restructuring. This will allow Temasek-linked Heliconia to pump in $600m
The Teos or Changs, as founding family of PIL, have agreed to a massive dilution of their combined equity interests to secure the incoming investment
If content does not display, please refresh your browser.