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Strained PIL launches comprehensive restructuring

Family-owned container line PIL has now developed a "comprehensive restructuring plan" in collaboration with its lenders and a fund under Singapore's state-owned investment fund Temasek.

Photo: PR / PIL

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One third of Lim family ships have new owners

Around one third of the ships controlled by Hin Leong founder O.K. Lim and his family have new owners, Reuters reports. The rest of the ships are expected to be sold by the end of the year.

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