Swiber stuns O&M and banking giants with wind-up decision

A hearing will commence on 19 August.

Analysts and market players were stunned as Swiber announced its winding-up application amid quarters of slowdown brought about by the crash in oil prices.

According to an announcement by Swiber, the application has been fixed for hearing on 19 August 2016.

Additionally, the press release said the company has filed an application to place the company in provisional liquidation.

“The High Court of Singapore has today appointed Mr Cameron Lindsay Duncan and Ms Muk Siew Peng, care of KordaMentha Pte Ltd, as the joint and several Provisional Liquidators of the Company,” the release said. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!