VIKING Offshore and Marine is mulling the next steps for its debt restructuring, now that a conditional placement agreement - related to a proposed placement of new shares in the company - has fallen through.

CATALIST-LISTED Viking Offshore and Marine is looking to raise gross proceeds of about S$4 million through a share placement to facilitate the restructuring of its debts and liabilities as part of the proposed creditors scheme.

CATALIST-LISTED Viking Offshore & Marine's plan to lease certain assets after selling them off "will help minimise disruptions and provide continuity to the group's operations", the board of the distressed offshore and marine firm said on Tuesday night.

SINGAPORE (May 15): Viking Offshore & Marine posted earnings, or profit attributable to owners of the company of $71,000 in 1Q20 ended March, after posting a loss of $1.7 million in 1Q19. Lower revenue from the company’s offshore and marine services, as well as systems engineering projects la...

VIKING Offshore and Marine has entered into a conditional placement agreement with two parties to facilitate its court-supervised debt restructuring.

DISTRESSED Viking Offshore and Marine (VOM) has entered a term sheet with two parties to raise S$5 million in gross cash proceeds by placing out 66.5 per cent of its enlarged share base, after issuing new shares to creditors. 

VIKING Offshore and Marine (VOM) has suspended trading of its shares, and is seeking a court-supervised debt restructuring and a moratorium against creditors seeking payment.

VIKING Offshore and Marine (VOM) has suspended trading of its shares, and is seeking a court-supervised debt restructuring and a moratorium against creditors seeking payment.

VIKING Offshore and Marine's (VOM) independent auditor, Ernst & Young LLP (EY), has issued a disclaimer of opinion on the group's financial statements for the financial year ended Dec 31, 2018.

VIKING Offshore and Marine's (VOM) independent auditor, Ernst & Young LLP (EY), has issued a disclaimer of opinion on the group’s financial statements for the financial year ended Dec 31, 2018.