Shipping investor Brilliant Choice International and construction magnate Sun Yiyi will buy the 183m shares at SGD 0.036, a discount of 0.28% to its price on 26 January.

The slice represents 15.15% of its capital.

The cash will pay part of the bill owed to Jesoil, from which the company borrowed 120.8m of its shares to pay Chinese businessman, Yang Shushan, for 51% of a company called Scibois that owns 75% of the rights to a $3bn forestry scheme in the Republic of Congo.

These