Swiber Holdings

Swiber under investigation by Commercial Affairs Department

SINGAPORE (Nov 16): Oil services company Swiber Holdings is under investigation by the Commercial Affairs Department.

Results

Vallianz posts 85% drop in 3Q16 earnings

SINGAPORE (Nov 14): Vallianz Holdings, the vessel charterer, posted a 84.9% fall in 3Q16 earnings to US$0.69 million ($1 million) from US$4.6 million in 3Q15 a year ago.

Stocks To Watch

OUE-HT, Rickmers Maritime, Swiber, Ley Choon, Baker Tech, Top Global, iX Biopharma

SINGAPORE (Nov 1): Here are some factors and stocks that could move the market this Tuesday morning:

In print this week

Time for authorities to look into bond defaults by O&M companies?

SINGAPORE (Oct 28): The dearth of contracts and weak cashflows has driven O&M companies to either default on their bonds, or approach their bondholders for permission to loosen their financial covenants.

Rickmers receives letter saying some bondholders considering legal action

SINGAPORE (Oct 20): Singapore-listed Rickmers Maritime, a trust that operates container ships, said on Thursday it received a letter from a law firm informing it that some holders of a $100 million bond want to take legal steps to enforce early repayment.

Court grants judicial management to Swiber Holdings

SINGAPORE (Oct 6): Swiber Holdings, the Singapore-based firm that roiled the local bond market when it defaulted in August, has been put under judicial management while it reorganises debt.

Singapore millionaire, 77, joins bondholders uniting in workouts

SINGAPORE (Oct 4): Jerry Tan, a 77-year-old retired Singaporean businessman, was among dozens of bondholders in the city who joined forces last week to submit their demands as more companies seek to restructure debt payments.

Trikomsel says Indonesian court to review debt workout plan

SINGAPORE (Sept 28): PT Trikomsel Oke, an Indonesian mobile-phone retailer that defaulted on bonds last year, said that a court hearing on the company’s debt workout plan will be held on Wednesday.

Rebound in Ezra seen to be fleeting amid oil industry woes

SINGAPORE (Sept 26): Ezra Holdings is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry,

Swiber updates claims received

SINGAPORE (Sep 16): Swiber Holdings’ interim judicial managers said on Friday that the group has received a total sum of US$231.4 million ($315.6 million) in claims as of Sept 15.
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