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 unit was placed into bankruptcy by District Court of Helsinki​
Friday, 17 Nov 2017 06:04am EST 

Nov 17 (Reuters) - Swiber Holdings Ltd ::Bitachon Offshore Contractor Oy has been placed into bankruptcy on Nov 16 by District Court of Helsinki​.Robert Peldan has been appointed as administrator​.  Full Article

Swiber announces ‍proposed acquisition of Interlink Power & Energy Holdings
Wednesday, 1 Nov 2017 09:26am EDT 

Nov 1 (Reuters) - Swiber Holdings Ltd ::Announces ‍proposed acquisition of Interlink Power & Energy Holdings Pty Ltd​.Entered into term sheet for proposed acquisition of Interlink Power & Energy Holdings Pty from shareholders of Interlink​.The aggregate consideration payable by co for proposed acquisition shall be determined by parties in good faith‍​.Purchase consideration will be satisfied by issuance by company of new ordinary shares in capital of company.Proposed acquisition will be subject to completion of subscription of new Swiber shares by investors for cash consideration of US$200 mln​.Proposed acquisition subject to restructuring of all debts and liabilities of Swiber (whether secured or unsecured or contingent).  Full Article

Swiber Holdings says unit lodged for creditors' voluntary liquidation​
Tuesday, 31 Oct 2017 05:49am EDT 

Oct 31 (Reuters) - Swiber Holdings Ltd ::Board of Swiber Corporate Pte lodged for creditors' voluntary liquidation​.Board of Swiber Corporate Pte​ ‍appointed Messrs Bob Yap Cheng Ghee and Toh Ai Ling as joint and several provisional liquidators of SC.  Full Article

Swiber Holdings updates on Judicial Managers’applications to High Court
Friday, 15 Sep 2017 08:25am EDT 

Sept 15 (Reuters) - Swiber Holdings Limited : :Notifies that High Court appointed Yeong Kai Jun, Geraldine of Dentons Rodyk & Davidson LLP as young amicus curiae.Refers to judicial managers' applications to High Court for directions on third-party securities.  Full Article

Swiber Holdings defaults on upcoming redemption and coupon payment of series 017 notes
Wednesday, 13 Sep 2017 05:39am EDT 

Sept 13 (Reuters) - Swiber Holdings Limited ::Default on upcoming redemption and coupon payment of series 017 notes.Unable to redeem and to pay upcoming coupon payment for series 017 CNY450 million 7.75% fixed rate notes.  Full Article

Swiber Holdings says unit lodged statutory declaration of inability of co to continue business
Tuesday, 29 Aug 2017 05:23am EDT 

Aug 29 (Reuters) - Swiber Holdings Ltd :Swiber engineering has made and lodged with labuan financial services authority a statutory declaration of inability of co to continue business.Meetings of co and its creditors have been summoned on 8 september 2017.Board of director of sel has appointed messrs lok peng chuan and adrian hong boo kiat as joint and several interim liquidators of sel.  Full Article

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

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