Oceanus Group Limited

SINGAPORE (Jan 25): Oceanus Group, the homegrown seafood supply chain manager, announced it has entered into a binding agreement with its key creditors for a proposed debt restructuring, converting 76.4% of its total outstanding debt to equity.

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SINGAPORE (8 Sept): Oceanus Group says it is progressing in its efforts to restructure debt.

SINGAPORE (Sept 2): Seafood supply chain manager Oceanus says it has on Aug 8 filed a counterclaim against Ocean King for specific performance of a loan agreement, as well as damages for breaching the agreement, among other things.

SINGAPORE (July 5): Oceanus Group was served a Writ of Summons by the High Court of the Republic of Singapore on June 30. The plaintiff is Ocean King Group.

SINGAPORE (June 14): Foo Kon Tan LLP, the independent auditors of abalone producer Oceanus Group, has cast significant doubts on the group’s ability to continue as going concerns.