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Swiber Holdings Ltd (SWBR.SI)

SWBR.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Swiber Holdings announces default on upcoming coupon payment
Tuesday, 14 Mar 2017 05:26am EDT 

Swiber Holdings Ltd : Swiber Holdings Limited (default on upcoming coupon payment) .It is unable to pay upcoming coupon payment for series 017 cny450 million 7.75% fixed rate notes due 2017.  Full Article

Swiber granted extension of time to announce its financial statements
Friday, 10 Mar 2017 08:43am EST 

Swiber Holdings Ltd :SGX-ST informed co it has no objection to co's application for an extension of time to announce its financial statements by 1 Nov 2017.  Full Article

Swiber Holdings Limited updates on judicial management
Wednesday, 8 Mar 2017 05:30am EST 

Swiber Holdings Limited : Board wishes to notify that singapore high court has granted an extension of time until 21 July 2017 . Refers to orders of singapore high court dated 6 Oct 2016 placing co and units, Swiber offshore construction into judicial management .Extension for judicial managers to, inter alia, send to creditors a statement of proposals and summon a creditors' meeting.  Full Article

Swiber updates on judicial management
Tuesday, 7 Mar 2017 04:37am EST 

Swiber Holdings Ltd : Pdf 1: Swiber Holdings Limited (Judicial Management Announcement) . Judicial managers of companies have filed applications for an extension of time until 21 July 2017 .Extension to send to creditors a statement of proposals and summon a creditors' meeting.  Full Article

Swiber updates on dissolution events of series 002 trust certificates
Tuesday, 28 Feb 2017 08:29am EST 

Swiber Holdings Ltd : Bank Of New York Mellon has notified company that dissolution events of series 002 trust certificates have occurred .Says co is in judicial management and presently unable to comply with its payment and/or purchase obligations in connection with series 002 trust certificates.  Full Article

Swiber Holdings update on claims received by group
Friday, 30 Dec 2016 05:58am EST 

Swiber Holdings Ltd : As of 29 december 2016, total sum of claims received by group is approximately US$288.8 million .Update on claims received by group.  Full Article

Seamec, creditors pursuing available options for recovery of dues of Swiber
Tuesday, 20 Dec 2016 06:28am EST 

Seamec Ltd : Says co is along with other creditiors pursuing available options for recovery of dues of swiber .Bombay high court granted liberty to co, others to approach single judge who would decide motion on merits following failed settlement talks.  Full Article

Swiber Holdings updates on investigations by Commercial Affairs Department
Tuesday, 6 Dec 2016 04:21am EST 

Swiber Holdings Limited : understands from cad that yeo chee neng, was also interviewed by cad in course of investigations . "however, he was not placed on bail" . refers to an announcement dated 16 november 2016 in relation to investigations by commercial affairs department . company is presently assisting cad in its investigations and will cooperate fully with cad . understands from cad that its investigations are still ongoing and that no formal charges have been brought against listed persons .investigations by commercial affairs department.  Full Article

Swiber updates on court orders on placement of Co into judicial management
Thursday, 1 Dec 2016 07:23am EST 

Swiber Holdings Limited : Singapore high court also ordered that validity of orders placing companies in judicial management shall be extended to remain in force for a further 180 days . Court granted an extension of time until 23 march 2017 for judicial managers to, inter alia, send to creditors a statement of proposals . Judicial managers will also be making arrangements to convene an informal creditors' meeting in january 2017 . Refers to orders of Singapore High Court dated 6 october 2016 placing company and Swiber Offshore Construction Pte Ltd into judicial management .Orders placing companies in judicial management shall be extended to remain in force for a further 180 days from 4 april 2017, until 1 october 2017.  Full Article

Swiber says creditors' voluntary liquidation of Swiber Offshore Marine has begun
Monday, 28 Nov 2016 05:16am EST 

Swiber Holdings Ltd : swiber holdings limited (creditors' voluntary liquidation of swiber offshore marine pte ltd) . "accordingly, creditors' voluntary liquidation of som has commenced on 28 november 2016" . appointed messrs bob yap cheng ghee, graham hunter martin and toh ai ling, all care of kpmg services pte. ltd., as joint and several provisional liquidators of som .directors of unit have on 28 nov lodged with official receiver and registrar a statutory declaration under section 291(1) of companies act (cap 50).  Full Article

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BRIEF-Swiber updates on judicial management

* Pdf 1: Swiber Holdings Limited (Judicial Management Announcement)