Chitchat PAP Poster Boy Ex NMP Teo Siong Seng PIL Is Face Great Debt Problems

[JurongEast]

S.S Teo

Managing Director, Pacific International Lines (Pte) Ltd Chairman, Singapore Business Federation Mr S.S. Teo is the Managing Director of Pacific International Lines Pte Ltd (“PIL”). Mr Teo started his shipping career with PIL Group in Singapore since 1979 and was appointed the Managing Director in 1992. PIL Group’s activities includes ship-owning, liner shipping, ship management, ship agencies, freight forwarding, container manufacturing, ship recycling, marine services, container depot/terminal operation, warehousing, Logistics Park, real estate and travel. PIL is ranked 19th among the top containership operators in the world. The shipping company owns and operates a fleet of more than 160 vessels, offering container liner services and multi-purpose services at over 500 locations in 100 countries. PIL’s subsidiary Singamas Container Holdings Ltd is the 2nd largest container manufacturer in the world. Mr Teo became the President and Chief Executive Officer of Singamas in 1997 and was appointed as Chairman in May 2013. Appointments in Government and Civic Organisations ○ Chairman, Singapore Business Federation ○ Immediate Past President of Singapore Chinese Chamber of Commerce & Industry ○ Honorary Consul of The United Republic of Tanzania in Singapore ○ Chairman, Singapore Maritime Institute Governing Council ○ Chairman, The Standard Club Asia Ltd ○ Director, Business China ○ Standing Council Member, China Overseas Exchange Association, Beijing Achievements ○ Best Entrepreneur- Golden Eagle Award for outstanding contribution to China-Singapore ○ Trading in commemoration of 10 years of Sino-Singapore relationship, 2000 ○ Foshan Honorary Citizen, 2004 ○ Yixing City, Jiangsu Province Honorary Citizen, 2004 ○ International Maritime Award (Individual), Maritime & Port Authority of Singapore, 2007 ○ Seatrade Personality of the year Award 2010, Seatrade Asia Awards ○ Awarded the Singapore Public Service Award - Public Service Medal in 2010 ○ Honored as Special Advisor to China-Asean Business and Investment Summit (CABIS), ○ Organizing Committee of China-Asean Business and Investment Summit, Nanning, ○ China for outstanding contribution, 2014

 

[JurongEast]

Temasek unit Heliconia throws $810m lifeline to troubled Pacific International Lines

 

[JurongEast]

SINGAPORE - A US$600 million (S$810 million) lifeline has been offered by Temasek unit Heliconia Capital Management to troubled Pacific International Lines (PIL), paving the way for a rescue of the world's 10th-largest container shipping line now facing "tremendous strain on its liquidity" amid the pandemic-induced recession.

 

[JurongEast]

 

[JurongEast]

PIL outlines $600m restructuring plans to noteholders
Company reveals background to financial difficulties and says it has a future if agreement with creditors can be reached

 

[JurongEast]

 

[JurongEast]

 

[gingerlyn]

Board of Directors

Mr S.S. Teo Executive Chairman & Managing Director ​	Mr Peter Chang Deputy Chairman ​	Mr Tan Chor Kee Deputy Managing Director ​	​
Mr Teo Teng Seng Executive Director ​	Mr Tony Teo Executive Director ​	Mr Teo Choo Wee Executive Director (Fleet) ​
Ms Lisa Teo Non-Executive Director ​	Mrs Yvonne Lim Executive Director (Commercial) ​	Mr Kwa Wee Keng Executive Director (Finance) ​

 

[JurongEast]

PIL warns of likely collapse if creditors reject restructuring plan

Keith Wallis, Special Correspondent | Nov 11, 2020 3:26PM EST
If creditors reject the restructuring and PIL is liquidated, it could be the biggest container line failure since the collapse of South Korea’s Hanjin Shipping in 2016, although its impact is likely to be significantly less.

 

[wikiphile]

I count 6 Teos i

Board of Directors

Mr S.S. Teo Executive Chairman & Managing Director​	Mr Peter Chang Deputy Chairman ​	Mr Tan Chor Kee Deputy Managing Director ​	​
Mr Teo Teng Seng Executive Director ​	Mr Tony Teo Executive Director ​	Mr Teo Choo Wee Executive Director (Fleet)​
Ms Lisa Teo Non-Executive Director ​	Mrs Yvonne Lim Executive Director (Commercial)​	Mr Kwa Wee Keng Executive Director (Finance)​

I count 6 Teos out of 9, the other 3 are relatives of the Teos?

 

[KuanTi01]

YC Chang​

He is just someone born with a silver spoon who is not necessarily suited to run PIL. The result speak for itself. PIL is now a pale shadow of its once glory days.

 

[Loofydralb]

Maybe he can beg Whore Jinx to buy over at premium price

Yup The junx will buy high and sell low.

 

[batman1]

Throwing good money on bad investments.Lifeline to a MIW Elite.