Corporate digest

Swiber Holdings

OFFSHORE marine player Swiber Holdings said its subsidiary Swiber Investment Limited (SIL) is looking into its legal options relating to the delayed completion of a US$200 million preference share subscription by AMTC Ltd. The subscription agreement was entered into on June 9. The subscriber confirmed that funds would be received by SIL by June 29. But on June 27, the subscriber requested to further extend the completion date and this was rejected by SIL, Swiber said, adding that the subscriber failed to make payment on June 29. Besides engaging legal advisers, SIL has also sent a letter of demand, said Swiber.

Singapore Press Holdings