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A Year of Adventure for PIL As It Stages A Dramatic Turnaround In Fortunes

15 December 2021 |  By Peck Gek, The Business Times

FOR Pacific International Lines' (PIL) 66-year-old executive chairman Teo Siong Seng, the year 2021 began as a crisis: he had to quickly solicit creditors' support for a scheme of arrangement to save the boxship operator once held closely by his family from sinking under a sea of debt.