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SWIBER Holdings announced on Tuesday that it has been granted approval by the Singapore Exchange for a later release of its financial statements and the holding of its annual general meeting.
The beleaguered offshore and marine group first announced in October that it had applied to the local bourse, among other things, for a further extension of time of 13 months, up to Nov 30, 2018 (being one month after the judicial management order or JMO expiry date), to announce the Q2 2016, Q3 2016, FY 2016, Q1 2017 and Q2 2017 financial results.
It also asked for a further extension of time of 13 months, up to Dec 31, 2018 (being two months after the JMO expiry date), to hold the 2017 AGM, and an extension of time of eight months, up to Dec 31, 2018, to hold the annual general meeting of the company for FY 2017.
Swiber's shares have been suspended from trading since July 27 last year.
On July 28, 2016, the company announced that it made an application to wind up the company and place it into provisional liquidation.