SINGAPORE (Sept 23): Marco Polo Marine has issued a clarification on the Singapore Exchange (SGX) regarding media reports that highlight the company expressing “substantial doubt on its ability to operate as a going concern”.

According to the marine logistics provider, the statement of contention was extracted from one of its customary risk factors which Marco Polo disclosed as part of its notice of a consent solicitation exercise launch, dated Sept 22.

This was generally misunderstood among “various media” as a warning that it could not guarantee its ability to operate given its current financial circumstances, says the group.

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