Edition:
United States

Swiber Holdings Ltd (SWBR.SI)

SWBR.SI on Stock Exchange of Singapore

0.11SGD
--
Change (% chg)

-- (--)
Prev Close
$0.11
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
--
52-wk High
$0.13
52-wk Low
$0.11

Latest Key Developments (Source: Significant Developments)

Swiber Holdings says High Court has refixed hearings of applications on Sept 8, 2017
Wednesday, 16 Aug 2017 07:35am EDT 

Aug 16 (Reuters) - Swiber Holdings Ltd :Notifies high court has refixed hearings of applications to 10am on 8 september 2017.High Court has directed that written submissions (if any) be exchanged and tendered by 4pm on 31 august 2017.  Full Article

Swiber says directors of Bitachon & Southsea Engineering have lodged notice
Thursday, 10 Aug 2017 06:05am EDT 

Aug 10 (Reuters) - Swiber Holdings Ltd :Board of directors of Bitachon and Southsea Engineering have made and lodged a notice.Notice for members' voluntary liquidation.Notice lodged with Labuan Financial Services Authority.Appointed Messrs Lok Peng Chuan and Adrian Hong Boo Kiat, both care of KPMG Deal Advisory Sdn, as joint and several liquidators of BL and SSEL.  Full Article

Swiber holdings clarifies on article published by Debtwire Asia-Pacific
Wednesday, 2 Aug 2017 07:48am EDT 

Aug 2 (Reuters) - Swiber Holdings Ltd :clarification in relation to article published by Debtwire Asia-Pacific on 1 August 2017.Clarifies that judicial managers have been engaged in discussions with potential lenders,investors in relation to working capital loans to be extended to group​.Clarifies potential partnership as described is expression of interest as restructuring option for group received by judicial managers from interested party.Company has not received an offer for a super-senior working capital loan from a listed indonesian energy company​.Judicial managers expect to raise another US$243.7 million from further disposals of assets and recoveries to be made from insurance claims.  Full Article

Swiber updates on court proceedings
Wednesday, 2 Aug 2017 06:11am EDT 

Aug 2 (Reuters) - Swiber Holdings Limited :Judicial Management Announcement.Applications are presently fixed to be heard at 10am on 28 august 2017 at singapore high court.during pre-trial conference on 1 august 2017, court made certain directions in respect of applications.judicial managers shall file their affidavits in response (if any) by 21 august 2017.creditors who wish to file affidavits in applications shall do so by 11 august 2017.all parties shall file their written submissions and bundle of authorities (if any) by 12 noon on 24 August 2017..  Full Article

Swiber Holdings defaults on upcoming coupon payment
Monday, 31 Jul 2017 09:47am EDT 

July 31 (Reuters) - Swiber Holdings Ltd :DEFAULT ON UPCOMING COUPON PAYMENT OF SWIBER CAPITAL PTE. LTD.ANNOUNCES THAT IT HAS BEEN ADVISED BY ISSUER THAT IT IS UNABLE TO PAY UPCOMING COUPON PAYMENT FOR SERIES 001 TRUST CERTIFICATES DUE ON 2 AUGUST.  Full Article

Swiber Holdings updates on judicial management
Thursday, 27 Jul 2017 08:50am EDT 

July 27 (Reuters) - Swiber Holdings Ltd ::Refers to orders of court dated 6 Oct 2016 placing co & its unit into judicial management .Application to seek directions on certain matters regarding carrying out of judicial managers' functions for companies .Notifies that judicial managers have filed applications in HC / SUM 3426 / 2017 and HC / SUM 3427 / 2017 on 24 July 2017 to seek directions.Says a pre-trial conference for applications is currently fixed to be heard on 1 August 2017.  Full Article

Swiber says court granted extension of time to summon creditors' meetings
Monday, 10 Jul 2017 10:04am EDT 

July 10 (Reuters) - Swiber Holdings Limited :Singapore high court also extended validity of orders placing companies in judicial management to 21 March 2018.Court granted extension of time to 21 Oct, for judicial managers to send creditors statement of proposals & to summon creditors' meetings.Refers to orders of Singapore high court for placing co and its unit, Swiber Offshore Construction Pte Ltd into judicial management.  Full Article

Alam Maritim Resources refers to an order had been granted by the High Court Of Malaya Kuala Lumpur
Friday, 7 Jul 2017 07:26am EDT 

July 7 (Reuters) - Alam Maritim Resources Bhd :An order had been granted by the High Court Of Malaya Kuala Lumpur in favour of KTL Offshore Pte Ltd‍​.Order stating that Alam Swiber Offshore may be wound up by the court‍​.  Full Article

Swiber Holdings says judicial managers are seeking extension of judicial management period
Wednesday, 5 Jul 2017 05:23am EDT 

July 5 (Reuters) - Swiber Holdings Limited ::Notifies that judicial managers of companies have filed applications.Judicial managers are also seeking an extension of judicial management period to 21 march 2018.Refers to orders of Singapore high court dated 6 october 2016 placing co and unit into judicial management.Applications for extensions of time until 21 Oct 2017 to send to creditors a statement of proposals and summon a creditors' meeting.  Full Article

Swiber Holdings updates on change of interest in Somex Holdings B.V
Tuesday, 20 Jun 2017 09:06am EDT 

June 20 (Reuters) - Swiber Holdings Limited :Change of interest in Somex Holdings B.V.Somex has ceased to be an associated company of company and has become a wholly-owned subsidiary of company.  Full Article

BRIEF-Swiber holdings clarifies on article published by Debtwire Asia-Pacific

* clarification in relation to article published by Debtwire Asia-Pacific on 1 August 2017