SGX confirms Swiber probe

Singapore

THE Singapore Exchange has confirmed investigations into developments at Swiber Holdings, saying that the probe is ongoing.

It said this on Wednesday in response to BT's query on the outcome of its probe into possible disclosure breaches, as contained in an Aug 16 letter addressed to Swiber's pre-July 28 board of directors. July 28 was the day when the offshore & marine (O&M) company announced its shock application for a wind-up, which it subsequently withdrew in favour of an application for judicial management.