China Aviation Oil, the collapsed Singapore-listed trading company hit by $550m (€468m) derivatives losses late last year, has reportedly attracted interest from at least three new investors which could help fund a restructuring plan in which creditors will get 54 cents in the dollar.

The $510m restructuring deal is dependent on a $130m payout from CAO's parent, CAO Holdings which now hopes to sell 25% of the Singapore unit's equity to several investors for about $55m, The Wall Street Journal reports, citing a person familiar with the company's plans.