Mon 09/07/2020 08:11 AM
At least one major lender to Singapore container shipping group Pacific International Lines (Private) Ltd (PIL) is sounding the market to potentially sell down its unsecured exposure to the company, said two sources familiar with the matter.
The bank has sounded out other lenders to the company and the wider market, the sources said, with one source further detailing that this was due to a “shift in focus” of the bank’s lending strategy.
As of 1H’19, PIL had current liabilities...
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