Swiber Holdings' judicial management extended to Jan 14
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE judicial management period for Swiber Holdings and its subsidiary Swiber Offshore Construction was extended to Jan 14, 2021, at a hearing on Wednesday.
Another hearing will be held on Jan 14 to further determine the extension of the judicial management periods until March 31, 2021, Swiber's board and judicial managers said in a joint bourse filing.
Trading in Swiber shares has been suspended since 2016. Swiber and subsidiary Swiber Offshore Construction were placed under judicial management later that year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance