KordaMentha

With JBJ refusing to accept further shipments, Alita bearing fixed cash costs and a weakening spot market for lithium ore weighing down the price and Alita’s sales volume, the company’s ‘failure was inevitable’, according to KordaMentha

SINGAPORE (July 29): Swiber Holdings’ abrupt failure, just weeks after paying down some debts, flags the uncertain fate of investors in $460 million of bonds that the offshore oil and gas services company has yet to honour.