Brief: Vallianz says developments at Swiber will have an impact to group's business

Vallianz Holdings

01/08/2016 24:07

Aug 1 (Reuters) - Vallianz Holdings Ltd  VHLD.SI : 
 * Vallianz holdings limited (company update)  
 * Reiterates that the group's core vessel chartering business is continuing as 
usual 
 * Refers to recent announcements by Swiber Holdings Limited 
 * Group's order book comprises mainly contracts with third-party customers that 
are not related to swiber and its subsidiaries, joint ventures or associates 
 * "Has been reducing its dependence on Swiber entities as a key source of 
revenue" 
 * Recent developments at swiber will have an impact to group's business; board 
is of view that situation is manageable and its operations are continuing as usual 
 
  Source text for Eikon  ID:nSNZ5StwC9  
 
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