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Judicial management period for Swiber extended to Oct 31, 2018

The offshore and marine group had applied for a time extension under the Companies Act to hold the AGM by Dec 31, 2018 and to lay the FY2016 financial statements at the AGM.

The Singapore High Court has on Friday granted an extension of the judicial management period for Swiber Holdings and its subsidiary Swiber Offshore Construction Pte Ltd to Oct 31, 2018.

It also granted an extension of time until March 31 for the judicial managers to, among other things, send to creditors a statement of proposals and summon a creditors' meeting, Swiber said on Friday.

Swiber Holdings and its subsidiary have been placed under judicial management since Oct 2016.

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