Swiber Holdings

The SGX-ST’s decision is not an indication of the merits of the proposed delisting, says Swiber.

Though Altman’s Z-score, a popular formula for predicting bankruptcy was initially directed at American companies, it provides clues for Singapore’s volatile oil & gas sector.

Rawabi Holding Company, a Saudi energy services provider, plans to invest US$200 million (S$278.6 million) in Swiber Holdings, which is under judicial management.

While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process.

(Aug 7): Singapore is examining ways to tighten regulation of retail bond issues and the real estate investment trust sector as it steps up investor protection in the city-state.

SINGAPORE (May 30): Creditors of Swiber Holdings and its main subsidiary, Swiber Offshore Construciton (SOC), have approved a restructuring proposal which the group says will take it one step nearer to implementing a restructuring with equity investment f

SINGAPORE (Oct 3): Seaspan Corporation, one of the world’s largest owners and operators of containerships, has agreed to a proposed US$200 million investment deal that could pave the way for the recovery of Swiber Holdings.

SINGAPORE (Dec 28): Vallianz Holdings' controlling shareholder Rawabi Holding Company Limited (RHCL), now owns a 41.2% stake in the company from 14.8% previously immediately after the completion of its rights cum warrants issue.

SINGAPORE (Aug 14): Singapore-based oil services company Ezion Holdings said trading in its shares would be suspended temporarily as it is in talks with stakeholders such as bank lenders and creditors about its financing and capitalisation structure.

This article appears in Issue 783 (June 12) of The Edge Singapore which is on sale now