Brief: Swiber updates on court orders on placement of Co into judicial management

Swiber Holdings

01/12/2016 12:23

Dec 1 (Reuters) - Swiber Holdings Limited  SWBR.SI  
    * Singapore high court also ordered that validity of orders 
placing companies in judicial management shall be extended to 
remain in force for a further 180 days 
    * Court granted an extension of time until 23 march 2017 for 
judicial managers to, inter alia, send to creditors a statement 
of proposals 
    * Judicial managers will also be making arrangements to 
convene an informal creditors' meeting in january 2017 
    * Refers to orders of Singapore High Court dated 6 october 
2016 placing company and Swiber Offshore Construction Pte Ltd 
into judicial management 
    * Orders placing companies in judicial management shall be 
extended to remain in force for a further 180 days from 4 april 
2017, until 1 october 2017 
 
Source text for Eikon:  ID:nSNZ3Y7Fzl  
Further company coverage:  SWBR.SI  
 
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