Next week discussions for restructuring starts for lim family and IJM within the next few months to come with solution
"Ocean Tankers should have sufficient cash resources... to be able to continue trading for at least the next three months," said interim judicial managers Angela Ee Meng Yen and Purandar Janampalli Rao in the report seen by The Straits Times.
"This should be sufficient time for the interim judicial managers to formulate a restructuring plan. (They) will accelerate discussions with parties who have expressed interest in the lube plant, storage and terminal facilities." Company only has sufficient resources to operate for next 3 months