Vallianz postpones EGM to approve rights cum warrants issue on Swiber’s interest

SINGAPORE (Oct 13): Vallianz Holdings announced that it will postpone the extraordinary general meeting on Oct 17 due to Swiber’s interest in participating in the rights cum warrants issue.

The EGM, which shareholders would vote to approve the issue, has been postponed to an undetermined time after Vallianz was informed by Swiber’s judicial managers of its interest to participate.

Swiber’s participation is still subject to approval of its own shareholders in a general meeting. The extent of participation of Swiber in Vallianz’s rights cum warrants issue is still subject to the company and Swiber setting off and settling the actual subscription amount payable by Swiber for the issue.

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