SGX Market Update : Survival is still possible for Swiber, say interim judicial managers .

Image result for Swiber Holdings

SINGAPORE (Sept 5): Swiber Holding’s between time legal chiefs (IJMs) said on Friday that the oil and gas organization could be spared as its significant suppliers, merchants and leasers have demonstrated enthusiasm for helping the gathering to finish its continuous activities.

In a report recorded in the High Court, the IJMs accept there is a “sensible prospect” of accomplishing no less than one of its destinations. These incorporate the survival of the organization or part thereof, accepting endorsement for a plan of game plan with Swiber’s banks, or a superior acknowledgment of advantages than in liquidation.

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