An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

Here is a press release issued by Singapore’s Pacific International Lines (PIL) today.

Heliconia Capital is a wholly owned subsidiary of Temasek which, as expected, came to the rescue joining a full capital restructuring that for PIL is necessary as “the persistent Covid-19 pandemic has caused the situation to worsen over the past month”.

Our full PIL coverage can be found here.

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