Shareholders in Rickmers Maritime Trust (RMT) face a stark choice – back a highly dilutive share issue or see the company wound up.
The Singapore-listed container leasing company is set to present this ultimatum at an extraordinary general meeting due to be held at the end of October.
RMT wants to issue around 1.3bn new shares in a debt-for-equity swap for holders of a SGD 100m ($73.5m)
