Claims on troubled Swiber soar to $314.4m
Will it be able to keep its head above water?
Distressed oil and gas firm Swiber Holdings Limited is still treading water as it received a total sum of claims of around S$314.4 million (US$230.7 million) as at 8 September 2016.
According to its latest announcement on SGX, Swiber is seeking legal advice on said claims while the Interim Judicial Managers are verifying the accuracy and completeness of information received by the group.