liquidation

SINGAPORE (May 23): RHB and OCBC Investment Research are reiterating their “buy” calls on Viva Industrial Trust (VIT) after the trust this morning announced that it had reached a settlement agreement with Jackson Private Limited (JIPL) and its directo

SINGAPORE (April 26): OCBC Investment Research is reiterating its “buy” call on Viva Industrial Trust (VIT) with a slightly lower fair value of 79.5 cents compared to 80 cents previously, following news of Jackson International Private Limited (JIPL)

SINGAPORE (Feb 3): CIMB Research remains “underweight” on Singapore banks given that asset quality concerns still loom, especially since Ezra Holdings today announced the possibility of a US$170 million ($240 million) writedown.

(Oct 24): Two Platinum Partners hedge funds have sought US Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in the New York federal court on Oct 18. In August, a Cayman Islands court ordered

SINGAPORE (Sept 5): Swiber Holding’s interim judicial managers (IJMs) said on Friday that the oil and gas company could be saved as its major suppliers, vendors and creditors have indicated interest in aiding the group to complete its ongoing projects.

SINGAPORE (Aug 3): UOB Kay Hian is turning negative on the offshore and marine (O&M) sector, downgrading its rating to “underweight” on mounting liquidity pressure on the sector amid a prolonged downturn.

SINGAPORE (Aug 2): DBS Group Holdings, Singapore's biggest bank, made two loans to oil and gas services firm Swiber Holdings totalling US$146 million ($196 mil) weeks before the company filed for liquidation, according to court documents seen by Reute

SINGAPORE (July 29): Some of Swiber Holdings’ lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks.