Swiber Holdings Ltd. filed a petition to wind up and liquidate the company after facing demands from creditors amid a slump in offshore oil and gas businesses. The Singapore stock exchange said its investigating potential lapses in disclosure.
The company said it made the application on July 27 to a Singapore high court, with a hearing set for Aug. 19, according to its stock exchange filings early Thursday. It also filed an application to place itself in provisional liquidation and the court named Cameron Lindsay Duncan and Muk Siew Peng of KordaMentha Pte. as joint provisional liquidators.
Singapores bond market has been stunned by defaults after PT Trikomsel Oke and Pacific Andes Resources Development Ltd. failed to make payments on thr…
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