SUBSCRIBERS
Linc enters voluntary administration
Published Fri, Apr 15, 2016 · 09:50 PM
Singapore
THE prolonged slump in crude oil prices could claim another scalp. Mainboard-listed oil and gas exploration firm Linc Energy has entered into voluntary administration, a process analogous to judicial management, it said on Friday.
Its directors have appointed Stephen Longley, Grant Sparks and Martin Ford of PPB Advisory as the administrators, effective April 15, the Australia-based company said in its statement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results