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Swissco to file for interim judicial management as bank lenders pull the plug

21_40083965.4 (40299707) - 24_10_2016 - mrswissco05.jpg
Debt-saddled Swissco Holdings will file for interim judicial management over the next few days, it said on Monday.

[SINGAPORE] Debt-saddled Swissco Holdings will file for interim judicial management over the next few days, it said on Monday.

The decision comes as its main lenders have rejected the company's financial restructuring plan, the rig and vessel chartering group told The Straits Times by phone.

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