Troubled lift-boat operator Ezion Holdings will meet bond holders on Monday to present a debt restructuring plan.
Ezion has $695 million in outstanding bonds, which were sold to investors in denominations of $250,000.
The company has said that it will meet holders of five series of notes totalling $425 million and Series 8 $150 million perpetual securities in two separate sessions on Monday.
It added that it will make an announcement when a second meeting is proposed for holders of Series 9 notes.
Last week, an investor who owns some of Ezion's $120 million DBS-backed bonds served the company a redemption notice, citing the bond clause that he can exercise this option "in the event that the shares of the issuer cease to be listed or traded".
These refer to Series 9 notes, which mature in 2020.
If the interpretation had been accepted, Ezion would have to repay immediately all Series 9 bond holders who chose to have their bonds redeemed.
Ezion said in an announcement to the SGX on Monday that it believes the condition for redemption has not been triggered: "The company wishes to clarify that the shares have not ceased to be listed or traded, and that the shares have only been suspended from trading."
Ezion had suspended its shares from trading on Aug 14.The stock last traded at 19.7 cents on Aug 8.
Singapore Technologies (ST) Engineering's aerospace arm ST Aerospace has injected US$10.5 million (S$14.3 million) into ST Aerospace Resources for a flow through injection into Keystone Holdings (Global) to expand its aircraft leasing business.
This fund injection brings ST Aerospace Resources' total share capital contribution for its 50 per cent stake in Keystone Holdings to about US$20 million.
The exercise is not expected to have any material impact on ST Engineering's consolidated net tangible asset per share and earnings per share for the current financial year.