AMTC in breach of agreement: Swiber IJMs
Singapore
The interim judicial managers (IJMs) of Swiber Holdings said in a statement issued on Thursday that AMTC is in breach of the terms of a subscription agreement for preference shares in Swiber Investment Ltd (SIL).
The statement also said no representative of AMTC has contacted the IJMs following AMTC's claim in an Aug 6 report in The Business Times that it has flown a representative to Singapore last week to work on the deal with Swiber. AMTC also told BT the deal with Swiber was still alive.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention