Swiber Holdings' judicial management period extended till Oct 1, 2017

SWIBER Holdings Limited said the Singapore High Court has ordered that the judicial management period for the group be extended for a further 180 days from April 4, 2017 to Oct 1, 2017.

The Court approved on Thursday the judicial managers' application for an extension of time to send a statement of proposals to creditors and to summon a creditors' meeting.

The judicial managers will also be making arrangements to convene an informal creditors' meeting in January, ahead of a creditors' meeting.