Corporate digest

Swiber Holdings

MARINE group Swiber Holdings' bid to restructure its debt by buying a power generation firm has ended with the automatic expiry of a term sheet on Sunday, it said the next day. It inked a non-binding term sheet last November for a share swop deal with Australia's Interlink Power & Energy Holdings. The original long stop date of March 31 was extended to Sept 30 as talks continued, but no second extension was agreed upon.

Shanghai Turbo Enterprises