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Swiber Holdings
16-11-2016, 05:31 PM.
Post: #191
RE: Swiber Holdings
Investigation by CAD

Swiber Holdings Limited (Judicial Managers Appointed) wishes to announce that the Company has received a notice dated 15 November 2016 from the  Commercial Affairs Department ("CAD") which states that the CAD is investigating an offence under the Securities and Futures Act (Chapter 289) pursuant to the provisions of the Criminal Procedure Code (Chapter 68, 2012 Revised Edition).

More details in http://infopub.sgx.com/FileOpen/2016%201...eID=429749
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Specuvestor: Asset - Business - Structure.

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06-12-2016, 05:39 PM. (This post was last modified: 06-12-2016, 06:26 PM by weijian. Edit Reason: remove non relevant info )
Post: #192
RE: Swiber Holdings
http://infopub.sgx.com/FileOpen/SHL%20-%...eID=432039

A relevant question : Why did the character and disclosure checks of SGX's Listing/Compliance/Surveillance departments and the quality and character checks of Swiber's bankers (including DBS) fail so miserably in this massive corporate failure?

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06-12-2016, 06:25 PM.
Post: #193
RE: Swiber Holdings
hi dydx,
A gentle reminder that these charges have not been proven yet. Lets not make hasty allegations (before conclusion of the trial) and get VB into trouble. These allegations could also be seen as interfering with trial.

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06-12-2016, 06:49 PM.
Post: #194
RE: Swiber Holdings
(06-12-2016, 06:25 PM)weijian Wrote: hi dydx,
A gentle reminder that these charges have not been proven yet. Lets not make hasty allegations (before conclusion of the trial) and get VB into trouble. These allegations could also be seen as interfering with trial.

Thanks for trying to protect me, but I have never seen so many directors and officers of a large listed company get investigated upon before!

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31-12-2016, 07:30 PM.
Post: #195
RE: Swiber Holdings
Three Norway leased Swiber-linked vessels seized in Singapore
http://www.theonlinecitizen.com/2016/12/...singapore/
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06-10-2018, 12:14 PM. (This post was last modified: 06-10-2018, 12:15 PM by weijian.)
Post: #196
RE: Swiber Holdings
White knight appears finally after 2 years. Another evidence of the recovery in the O&G industry?

Seaspan to invest up to US$200 million in Swiber Group

NYSE-listed Seaspan inks binding term sheet for 80% of Swiber’s enlarged capital and new preference shares in subsidiary Equatoriale Energy

Swiber to diversify into power business and restructure debt under deal terms

http://infopub.sgx.com/FileOpen/Swiber%2...eID=528329

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30-03-2019, 12:40 PM.
Post: #197
RE: Swiber Holdings
Swiber has announced the finalisation of Seaspan's investment into them.

https://links.sgx.com/FileOpen/2019%2003...eID=549453

Seaspan's $200 million investment will be split into 2 Components- (I) 10 million in exchange for 80% and eventually 72% of the company and (ii) $190 million in preference shares.

Existing shareholders will be left with 2.7% of the enlarged share capital while management too will be rewarded with a similar 2.7% stake for going through this ordeal. The outcome is $375k each for existing shareholders and Swiber's existing management.

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07-01-2020, 02:33 PM.
Post: #198
RE: Swiber Holdings
Seaspan and Swiber terminate $200m investment deal
https://splash247.com/seaspan-and-swiber...ment-deal/
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10-01-2020, 05:50 AM.
Post: #199
RE: Swiber Holdings
(07-01-2020, 02:33 PM)Behappyalways Wrote: Seaspan and Swiber terminate $200m investment deal
https://splash247.com/seaspan-and-swiber...ment-deal/


After over 9 months of work and consideration, suitor/potential saviour Seaspan finally decided to walk away. It looks like Swiber is not worth saving after all.

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