Swiber to delist on Jun 23

INSOLVENT offshore and marine group Swiber will delist on Jun 23, it said on Wednesday (Jun 21).

The move comes after the Singapore Exchange on Monday approved the mainboard-listed company’s application to delist.

Swiber was listed in 2006.

Swiber said the company’s shares held by the central depository as at Jun 23 will be withdrawn.

The troubled company, along with its subsidiary Swiber Offshore Construction, was put under judicial management in 2016. It was ordered by the Singapore High Court to undergo compulsory liquidation in November 2022 after it became insolvent.

Swiber suspended trading on Jul 28, 2016.