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

Financially strained container line Pacific International Lines (PIL) is working to land a comprehensive rescue plan with its lenders and investors.

According to PIL, the shipping line has formulated a "comprehensive restructuring plan" with both lenders and advisors as well as Heliconia Capital Management, which is a fund under Singapore's state-owned investment fund Temasek Holdings.

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