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Vallianz Holdings Ltd (VHLD.SI)

VHLD.SI on Stock Exchange of Singapore

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16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Vallianz Holdings enters set-off and settlement agreements with Swiber Holdings Ltd and Rawabi Holding Co
Wednesday, 24 May 2017 07:18am EDT 

May 24 (Reuters) - Vallianz Holdings Ltd :Vallianz restructures net payables and advances of up to us$138.7 million to conserve cash and strengthen equity base.Entered into separate set-off and settlement agreements with Swiber Holdings Limited and Rawabi Holding Company Limited.Rawabi also agreed to convert shareholder's advances of us$102.1 million into equity.Group entered into agreement to convert net payables to swiber of us$36.6 million into equity."Group plans to resume its proposed rights cum warrants issue exercise as soon as practicable".  Full Article

Vallianz says it gained new charter contracts worth up to us$115 million
Tuesday, 23 May 2017 04:36am EDT 

May 23 (Reuters) - Vallianz Holdings Limited -:Vallianz scores new charter contracts worth up to us$115 million for 4 vessels.Contracts awarded by national oil co in middle east, as well as two offshore marine services cos based in egypt and turkmenistan.Group will supply 2 maintenance & accommodation osvs for 5 yrs, with customer having option to extend charter for another 2 years.  Full Article

Vallianz expects to post net loss for 3-month 2017 and fp2017
Friday, 5 May 2017 07:22am EDT 

May 5 (Reuters) - Vallianz Holdings Ltd ::Expects to continue to report operating profits for 3m2017 & fp2017, excluding exceptional expenses .Group expects to post a significant net loss for 3m 2017 and fp2017.  Full Article

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

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