Swissco's judicial managers assessing five indicative bids
THE interim judicial managers of oil-and-gas services provider Swissco Holdings said on Tuesday it is assessing five indicative bids, and formal bids are expected by the second week of April. The bids were whittled down from 12 non-binding expressions of interest.
The judicial managers have been directed by the court to file a further report by April 12. The hearing of the applications by the company and its unit has been adjourned to April 21.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Soilbuild bags contracts worth S$81 million
Spotify’s monthly user numbers miss estimates on lower promotions
China bubble-tea chain Chabaidao plunges on Hong Kong debut
Singapore stocks extend gains on Tuesday led by banks; STI up 1.5%
Adobe to bring full AI image generation to Photoshop this year
BOJ will hike rates if trend inflation accelerates, says Ueda