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Vallianz Holdings Ltd (VHLD.SI)

VHLD.SI on Stock Exchange of Singapore

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27 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Vallianz Holdings Limited updates on legal proceedings
Friday, 2 Dec 2016 05:01am EST 

Vallianz Holdings Ltd : Vallianz holdings ltd - company has been notified by indian solicitors appointed by one kishore khanna and 2 other individuals . Suit appears to be in relation to a project between soi and ongc . Vallianz holdings - company was notified of suit by way of emails containing what appears to be draft court papers which were unsigned and unsealed by indian courts . Vallianz - plaintiffs have brought suit on behalf of omi for following payment of unpaid invoices from soi, vom and oer, totalling a sum of approximately us$1.6 million . Vallianz holdings ltd - vom and holmen have taken steps to appoint indonesian lawyers to provide advice on said claims . Vallianz holdings - claims appear to be in relation to maintenance and repair works provided to vessel "holmen arctic" .Vallianz-Vom,Holmen named as defendants alongside swiber offshore construction, newcruz offshore to suit commenced by pt. Asl shipyard indonesia.  Full Article

Vallianz clarifies on delay in payment of salaries for crew on the vessel Swiber Explorer
Tuesday, 25 Oct 2016 08:18pm EDT 

Vallianz Holdings Ltd : Wishes to clarify that group is not owner of vessel explorer . group also wishes to assure shareholders that its vessel chartering business operations are continuing as usual . Vallianz was also informed that explorer has been detained in dubai . following developments at swiber group and sentosa, ownership of these three vessels which are currently anchored off dubai, has been affected . Group has transferred payment of salaries for crew on board explorer and navigator up till august 2016 . "according to regulations in dubai, a court application is required to repatriate or change existing crew for detained vessels" . Deeply regrets current situation faced by crew and is making every effort to help them . clarifies statement on online post in respect of delay in payment of salaries for crew on vessel swiber explorer . "all outstanding salaries to crew of three vessels for month of september 2016 will also be settled by end of this week" .group provides ship management services to explorer which was originally owned by swiber holdings limited and its subsidiaries.  Full Article

Vallianz clarifies on delay in payment of salaries for crew on the vessel Swiber Explorer
Tuesday, 25 Oct 2016 07:46pm EDT 

Vallianz Holdings Ltd : Wishes to clarify that group is not owner of vessel explorer . group also wishes to assure shareholders that its vessel chartering business operations are continuing as usual . Vallianz was also informed that explorer has been detained in dubai . following developments at swiber group and sentosa, ownership of these three vessels which are currently anchored off dubai, has been affected . Group has transferred payment of salaries for crew on board explorer and navigator up till august 2016 . "according to regulations in dubai, a court application is required to repatriate or change existing crew for detained vessels" . Deeply regrets current situation faced by crew and is making every effort to help them . clarifies statement on online post in respect of delay in payment of salaries for crew on vessel swiber explorer . "all outstanding salaries to crew of three vessels for month of september 2016 will also be settled by end of this week" .group provides ship management services to explorer which was originally owned by swiber holdings limited and its subsidiaries.  Full Article

Vallianz postpones EGM, judicial managers notify co of Swiber's interest in rights cum warrants issue
Thursday, 13 Oct 2016 07:52am EDT 

Vallianz Holdings Ltd : notified by judicial managers of swiber holdings of swiber's interest to participate in rights cum warrants issue . also notified by judicial managers of Swiber of Swiber's proposal, to extent that Swiber should participate in rights cum warrants issue . highlight set-off and settlement agreement has not, to date, been agreed on nor entered into between company or Swiber . "there is no assurance that such set-off and settlement agreement will eventually be entered into" .EGM originally scheduled to be held on monday, 17 october 2016 at 10:00 a.m. As set out in notice of EGM will be postponed.  Full Article

Vallianz Holdings updates on Swiber's sale of 25.15% shareholding interest in Vallianz
Tuesday, 6 Sep 2016 07:25pm EDT 

Vallianz Holdings Ltd : On 6 September 2016, received a notification from Swiber Holdings Limited . Shl had on 1 July 2016, entered into a sale and purchase agreement with its wholly-owned subsidiary, Swiber assets pte. ltd . Says the shares have not yet been transferred from shl to sapl . Says agreement for the sale of the 903.5 million ordinary shares in Vallianz .  Full Article

Vallianz says developments at Swiber will have an impact to group's business
Sunday, 31 Jul 2016 07:07pm EDT 

Vallianz Holdings Ltd : Vallianz holdings limited (company update) . Reiterates that the group's core vessel chartering business is continuing as usual . Refers to recent announcements by Swiber Holdings Limited . Group's order book comprises mainly contracts with third-party customers that are not related to swiber and its subsidiaries, joint ventures or associates . "Has been reducing its dependence on Swiber entities as a key source of revenue" .Recent developments at swiber will have an impact to group's business; board is of view that situation is manageable and its operations are continuing as usual.  Full Article

Vallianz says controlling shareholder reaffirmed confidence in group's business prospects
Friday, 29 Jul 2016 07:18am EDT 

Vallianz Holdings Ltd : Rawabi, controlling shareholder of Vallianz reaffirmed its commitment to Vallianz and confidence in group's business prospects . See opportunities for the group to leverage market position in the Middle East .  Full Article

Singapore exchange issues query regarding trading activity on Vallianz Holdings
Wednesday, 27 Jul 2016 09:13pm EDT 

Vallianz Holdings Ltd : Query regarding trading activity .Singapore exchange issues query regarding trading activity on Vallianz Holdings Ltd.  Full Article

Vallianz Holdings says Raymond Kim Goh resigns as Chairman
Wednesday, 27 Jul 2016 08:46am EDT 

Vallianz Holdings Ltd : Raymond Kim Goh has resigned as a non-executive director, Chairman of the board .  Full Article

Vallianz Holdings updates on internal group restructuring
Monday, 11 Jul 2016 06:55am EDT 

Vallianz Holdings Ltd : Has transferred its entire equity interest in the capital of the certain entities to Vallianz International Pte. Ltd. . Says transfers are not expected to have any material financial impact on EPS of group for current financial year ending 31 December 2016 .  Full Article

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