Singapore-based Jurong Aromatics Corporation, which operates what is said to be one of the largest petrochemical plants globally on Jurong Island, cannot service its interest payments and is said to be negotiating a debt restructuring with bankers amidst declining oil prices, according to a Bloomberg report.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com