Swiber not able to pay coupon, redeem principal of medium-term notes

19 Apr 2017 - Business Times Breaking News
SWIBER Holdings is unable to redeem the principal or pay the coupon for some S$160 million of outstanding medium-term notes, its judicial managers said after the market closed on Wednesday. The principal sum of the notes matured on April 18, 2017. These notes are issued under Swiber's S$1 billion multi-currency ...
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Swiber's lead independent director resigns

4 Apr 2017 - Business Times Breaking News
SWIBER Holdings on Tuesday said its lead independent director Yeo Jeu Nam has resigned "to pursue personal interest". He is also a director at Vallianz Holdings and Frencken Group.
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Swiber subsidiaries file for liquidation

30 Mar 2017 - Business Times Breaking News
TWO wholly-owned subsidiaries of Swiber Holdings have filed for liquidation. The appointed judicial managers of Swiber Holdings said Swiber International Pte Ltd and Equatoriale Services Pte Ltd have applied to undergo creditors' voluntary liquidation. The respective board of directors at the two entities ...
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Swiber defaults on its bond coupon payout due on March 20

14 Mar 2017 - Business Times Breaking News
SWIBER Holdings is unable to pay the upcoming coupon payment on its bond due on March 20, 2017, the company said in a SGX filing on Tuesday evening. The bond it was referring to is the Series 017 450 million yuan (S$92 million) 7.75 per cent fixed rate notes due 2017 issued pursuant to the company's ...
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Swiber JMs apply for court extension to call creditors' meeting

7 Mar 2017 - Business Times Breaking News
SWIBER Holdings said after trading closed on Tuesday that its court-appointed judicial managers (JMs) have filed applications for extension until July to send to creditors a statement of proposals and summon a creditors' meeting. The JMs from KPMG are applying with the Singapore High Court for an extension ...
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Swiber seeks more time to prepare FY16 results

28 Feb 2017 - Business Times Breaking News
SWIBER Holdings on Tuesday said in a filing to the bourse operator that it has asked for an extension of up to one month after the judicial management order (JMO) expiry, or Nov 1, to announce its FY16 results. On Tuesday, the company also asked for an extension of up to two months after the JMO expiry ...
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Claims against Swiber balloon to US$288.8m

30 Dec 2016 - Business Times Breaking News
TOTAL claims received by struggling offshore engineering group Swiber Holdings stood at about US$288.8 million as at Dec 29, 2016, the group said in an update filed to the Singapore Exchange on Friday night. It said that it was seeking legal advice on the claims.
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ONGC asks Swiber units to suspend several projects in existing contracts

19 Dec 2016 - Business Times Breaking News
SWIBER Holdings on Monday said that India's state-owned Oil and Natural Gas Corporation (ONGC) has sent notices of suspension to its wholly owned unit Swiber Offshore Construction (SOC) and associated company Swiber Offshore India (SOI) in relation to several projects. These include the C-26 Cluster ...
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Vallianz says CAD probe into Swiber-linked directors 'not related' to company

7 Dec 2016 - Business Times Breaking News
VALLIANZ Holdings said on Wednesday two of its non-executive directors, Yeo Jeu Nam and Yeo Chee Neng, were interviewed by the Commercial Affairs Department (CAD) in their capacity as directors of Swiber Holdings - a day after Swiber announced the same - but said the matters "are not related" to Vallianz. ...
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Swiber's ex-chief questioned by CAD

7 Dec 2016 - Singapore Business Review
Other current and ex-directors were also investigated. Swiber Holdings announced that it had been informed by the Commercial Affairs Department (CAD) that some of its key current and former directors had been interviewed between 30 November 2016 and 2 December 2016 and released on bail in relation to ...
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