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Swissco judicial management bid gets High Court nod

Court is told that there are 6 indicative offers for the assets or businesses of the group

Published Fri, Apr 21, 2017 · 09:50 PM

Singapore

SINGAPORE'S High Court has approved Swissco group's judicial management (JM) application after a court hearing on Friday found no objections against the motion.

The court ruling effectively places Singapore-listed Swissco Holdings and its asset-holding subsidiary, Swissco Offshore Pte Ltd, under the care of judicial managers from EY.

A third …