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PRESS RELEASE
Singapore, March 31, 2021? The Board of Directors of Pacific International Lines (“PIL” or the “Company”) is pleased to announce that the Restructuring Workforce Day took place on Tuesday, March 30, 2021, with the satisfaction of the Conditions Precedent to Schematic title.
As a result, on March 30, 2021,
(a) The investment of US $ 200 million by Heliconia Capital Management Pte. Ltd. (“Heliconia”) in the Company (by subscription of convertible preference shares in the holding company of the Company) was …
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