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Swiber send O&M stocks reeling

Published Thu, Jul 28, 2016 · 09:50 PM
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Singapore

THE share price of Catalist-listed Vallianz Holdings collapsed on Thursday morning before recovering slightly, while other offshore and marine (O&M) counters fell on shocking news that Swiber Holdings - once a darling in the Singapore oil and gas sector - has filed to wind up and is under provisional liquidation.

Shares of Vallianz, in which Swiber holds a 25.15 per cent stake, hit a day's low of 1.6 Singapore cen…

KEYWORDS IN THIS ARTICLE

Ezra
pacific radiance
vallianz

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