Struggling Singaporean liner operator Pacific International Lines (PIL) has said that by the end of September 2020, it expects to complete bailout discussions with a unit of the Singapore government’s investment company Temasek Holdings.
As such, PIL is delaying the release of its 2019 financial results, saying that the figures will be released after the debt re-profiling discussions are more advanced.
PIL has signed an agreement with the Temasek unit, Heliconia Capital Management, which prevents...
https://container-news.com/temasek-bailout-still-under-discussion-as-pil-offloads-more-ships/