Swiber seeking extra time for judicial management

SWIBER Holdings said after Monday trading close that its court-appointed judicial managers (JMs) are seeking an extension of judicial management period to Oct 31, 2018.

The JMs have also filed applications for an extension until March 31, 2018 to send creditors a statement of proposals and summon a creditors' meeting.

Singapore's High Court has placed Swiber Holdings and its subsidiary, Swiber Offshore Construction Pte Ltd, under judicial management since Oct 6, 2016.