SGX Market Update : Vallianz says Swiber developments have impact on business but ‘situation is manageable’ .

SINGAPORE (Aug 1): Vessel charterer Vallianz uncovered that as at end March it had exchange receivables and different receivables owing from Swiber elements adding up to US$61.9 million ($83 million).

The gathering additionally had exchange payables and different payables inferable from Swiber elements of US$58.7 million.

Be that as it may, Vallianz guarantees shareholders that while the late advancements at Swiber will have an effect to the gathering’s business, “the board is of the perspective that the circumstance is reasonable and its operations are proceeding of course”, it says in a recording to the trade today.

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