Oceanus shareholder acquires 'significant stake' from creditor group in married deal

Singapore

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.