Thursday, July 28, 2016

Swiber Holding Winding down - Share halt trading 27 July


OIL and gas contractor Swiber Holdings has filed a winding-up application, and its directors have resigned to pursue their own interests, the company announced on Thursday.

The company has also filed an application to place the company under provisional liquidation. Cameron Lindsay Duncan and Muk Siew Peng have been appointed as the joint and several provisional liquidators of the company.

The winding-up application will be heard in court on Aug 19.

Executive director and vice chairman Francis Wong, executive director and chief financial officer Leonard Tay and executive director Nitish Gupta have all resigned "to seek new opportunities".

The company said in a separate announcement on Thursday that it was facing letters of demand for about US$25.9 million in total, and that it is seeking legal advice.

On Monday, the company said it was facing just US$15.2 million in outstanding demand letters for which legal proceedings had not commenced, and US$4.76 million of outstanding demand letters that had not been paid off.

Shares of Swiber have been halted from trading since July 27.

Join us in our Up Coming Seminar 

What you will learn:
  • Time Tested Propietory Strategy to trade in Stock
  • How this strategy can apply in any market around the World
  • Simple Steps to pick the Growing Stocks?
  • How you can do Sector Analysis to find what is the Strong/weak sector now
  • Market outlook and individual Singapore stocks analysis using Technical Analysis

  • 28th July2016, Thursday, at 7.00pm - 10.00pm (Registration begins at 6.30pm)
  • 7月29号,星期5中文讲座 7点-10点 (Chinese)
Venue : #34-07, 10 Anson Road, International Plaza, Singapore 079903
Related Posts Plugin for WordPress, Blogger...