Swissco and subsidiary go under interim judicial management

Singapore

THE Singapore High Court has approved an application to place Swissco Holdings and its subsidiary, Swissco Offshore Pte Ltd, under interim judicial management (IJM).

Unveiling the court ruling on the IJM before trading close on Friday, Swissco also said Ee Meng Yen Angela and Purandar Janampalli Rao, of Ernest & Young LLP, had been appointed as the joint interim judicial managers of the holding company and its subsidiary.