Swissco lands US$28.5m offer for offshore support vessel business
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Singapore
THE court-appointed judicial managers (JMs) of Swissco Holdings have secured an offer valued at US$28.5 million from a white knight investor for the offshore support vessel (OSV) business of the beleaguered Singapore-listed offshore and marine (O&M) group.
The deal with the said investor, Asian Strategic Turnaround Ventures Pte Ltd, is the first of its kind tabled for an O&M entity undergoing judicial management.
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