SGX raps Swiber for misleading investors on US$710m project
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Singapore
THE Singapore Exchange (SGX) has formally rebuked troubled offshore contractor Swiber Holdings for misleading investors amid a probe that might lead to enforcement actions against the company or its directors.
In a public reprimand, SGX criticised the firm for "failing to provide a balanced and fair announcement" to shareholders and bondholders, thus breaching a listing rule, on a US$710 million project award in West Africa announced on Dec 15, 2014.
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