Creditors of Swiber Holdings approved Wednesday a restructuring proposal, marking a key step toward an equity investment from New York-listed Seaspan Corp.
These are Singapore companies which may be in focus on Wednesday, 8 May 2019: Keppel, Swiber, CapitaLand Mall Trust, Hyflux, Perennial and Kimly.
The judicial managers of troubled marine engineering group Swiber Holdings recommended Tuesday creditors vote in favor of the restructuring proposal.
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
Efforts to restructure troubled marine engineering group Swiber got a leg up after Seaspan said it would move ahead with an up to US$200 million investment.
Swiber said on Wednesday that it agreed to a proposed US$200 million investment from containership operator Seaspan in a deal that will bolster the troubled…