Singapore Court Grants Judicial Management to Swiber
By David Yong (Bloomberg) — Swiber Holdings Ltd., the Singapore-based firm that roiled the local bond market when it defaulted in August, has been put under judicial management while it...
Swiber International Pte. Ltd. and Swiber Offshore Construction Pte. Ltd. announced on 25 April the incorporation of a new wholly-owned subsidiary in Mexico, known as Tuscan Marine, S.A. de C.V. SOFOM E.N.R..
Swiber notes the new subsidiary will be “principally engaged in leasing activities.”
No further details were provided by Swiber on the new company.
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