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Claims received by Swiber climb to US$135.9m

Fri, Aug 19, 2016 - 9:59 PM
sandrea@sph.com.sg@AndreaSohBT

30_39237481.1 (39386170) - 09_08_2016 - jwswiber29.jpg
BELEAGUERED offshore marine group Swiber Holdings has received claims totalling about US$135.9 million as at Aug 18.
ST PHOTO: MARCUS TAN

BELEAGUERED offshore marine group Swiber Holdings has received claims totalling about US$135.9 million as at Aug 18.

The company is seeking legal advice on the above claims, it said in an update to the exchange on Friday night.

Swiber has filed a judicial management application with the High Court after dramatically reversing a winding-up petition. The interim judicial managers' report will be submitted to the High Court by Sept 2 and a judge pre-trial conference will be held on Sept 5.

sentifi.com

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