The tanker and LNG carrier company has won shareholder approval to swap assets andshares for $141m of borrowings owed to creditor Athens Investment Fund.
President director Theo Lekatompessy told reporters that 95%of the debt would be paid with assets belonging to its Singapore subsidiaryHumpuss Sea Transport, which filed for bankruptcy in 2012.
The remaining 5% would be paid with HIT shares.
“This is a new day for us and we are ready for growth,” hesaid.
“With
