Singapore's Hontop Energy in talks with banks to manage debt

Singapore's Hontop Energy in talks with banks to manage debt

Hontop Energy (Singapore) Pte Ltd, the trading arm of a Shandong-based refiner, is negotiating directly with banks on managing its debts after it withdrew its application for a debt moratorium, two sources with knowledge of the matter said.

Hontop submitted last month a request to the Singapore High Court to apply for a debt moratorium but the company subsequently withdrew it, they said.

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