ABALONE producer Oceanus Group announced on Friday that its former major creditor, Ocean Wonder International, no longer owns shares in the group, following the acquisition of a significant stake by its new shareholder group in a married deal.
This marks the exit of the last of the major creditor groups that became shareholders of Oceanus following a debt-restructuring exercise in 2017.
The new shareholder group is led by Alacrity Investment Group Limited, which has been one of the major shareholders in Oceanus prior to the deal. Alacrity is an investment arm of an Indonesian conglomerate that has interests across various industries, including retail and logistics.
Read more here: https://www.businesstimes.com.sg/companies-markets/oceanus-shareholder-acquires-significant-stake-from-creditor-group-in-married-deal
