SINGAPORE (July 28): DBS Group Holdings, Singapore’s greatest bank, said it hopes to recoup in regards to half of its aggregate introduction of $700 million to Swiber Holdings, the oilfield administrations supplier that recorded to twist up operations.
DBS said on Thursday that it would take advantage of its stores to give completely to the foreseen deficit and that it expects the net stipend charge to be lower, at about $150 million.
Swiber petitioned for liquidation on Wednesday, clasping under a large number of dollars of obligation to end up the most recent casualty of the droop in oil costs.
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