China Aviation Oil restructuring


China Aviation Oil (Singapore) Corporation Ltd says support from creditors for its restructuring process increased to 66% from 53% of the total value of all creditors of the company during the first week of April.

CAO, which will hold a meeting with creditors on June 10, needs a majority of the creditors representing 75% of the total debt needed to approve its restructuring plan. If creditors don’t agree, the company faces liquidation.

CAO, an oil-trading firm and supplier of virtually of Chin

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: