Viking Offshore suspends trading; seeking debt restructuring, moratorium against creditors

VOM and its subsidiary, Viking Asset Management Pte Ltd , have applied for a six-month moratorium which includes a condition that no legal proceedings can be taken against them during the period.against them on Friday.

VOM and VAM have engaged Rajah & Tann Singapore LLP as their legal adviser and DHC Capital Pte Ltd as their independent financial adviser. As part of the reorganisation process, VOM and VAM said they will"work closely with their advisers, creditors and stakeholders to achieve the best possible outcome for all interested parties".

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