Brief: Swiber Holdings Announces Proposed Investment Of Up To US$200 Mln By Rawabi Holding
28/12/2020 10:20
Dec 28 (Reuters) - Swiber Holdings Ltd SWBR.SI :
* ANNOUNCES PROPOSED INVESTMENT OF UP TO US$200 MILLION BY
RAWABI
HOLDING
* RAWABI WILL SUBSCRIBE FOR NEW ORDINARY SHARES IN CAPITAL
OF A
NEW WHOLLY-OWNED SUBSIDIARY TO BE INCORPORATED BY CO IN
SINGAPORE
* RAWABI TO INVEST UP TO US$190 MILLION IN EQUATORIALE
ENERGY
* RAWABI WILL SUBSCRIBE TO 80% OF NEWLY INCORPORATED UNIT
FOR UPTO
US$10 MILLION
Source text for Eikon: ID:nSNZc1sZN
Further company coverage: SWBR.SI
((Reuters.Briefs@thomsonreuters.com;))
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