KUALA LUMPUR: Malaysian Merchant Marine Bhd (MMM) has been ordered by the Philippines’ Trial Court of Pasig to sell its vessel, MT Ashton, as settlement of debt of US$900,070 owed by the company to a Philippines creditor.
In a filing with Bursa Malaysia yesterday, MMM said the company was also informed that the same creditor had disposed the said vessel on Aug 2 for US$1mil.
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