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Swiber seeks more time to prepare FY16 results

 

 

SWIBER Holdings on Tuesday said in a filing to the bourse operator that it has asked for an extension of up to one month after the judicial management order (JMO) expiry, or Nov 1, to announce its FY16 results.

 

On Tuesday, the company also asked for an extension of up to two months after the JMO expiry date, or until Dec 1, to hold the 2017 annual general meeting.

 

The Singapore High Court had previously granted an extension on the validity of orders placing the company and Swiber Offshore Construction in judicial management for a further 180 days from April 4 until Oct 1.

 

Since Swiber was placed under judicial management on Oct 6 last year, the judicial managers have been engaging with creditors, potential investors and other stakeholders to identify and safeguard property and assets, among other things.

 

The company said that the judicial managers need more time to review its financial affairs and that the group does not have the financial resources and manpower to prepare and update the financial results.

 

http://www.businesstimes.com.sg/companies-markets/swiber-seeks-more-time-to-prepare-fy16-results

<_< 

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Hypersonic

Yup, its coming.....

 

Offshore marine sector really bad.

The Lee family of Ezra has been liquidating their assets over the past few years....

And also fighting divorce case.

 

And DBS CEO still say , no problem, the worst is over?

Got shitload of shit to write off in the coming months.

KNN, these CEos really JLB. Instead of apologising and cleaning up, act cool and talk big.

don't anyhow anyhow spread fear hor....

 

 

stock market up up and away

 

 

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My good friend went in at 6c. Said nothing to lose since so low. Just gamble.

 

I warned of the likelihood of total loss.

 

But good income earner, money can earn again, just a pity did not capitalise on advantage.

 

If go down to 1 cent

 

I will buy 10,000 shares  [thumbsup]

 

:D

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Hot stock: Ezra shares dive as going concern issues stick

 

 

SHARES of Ezra Holdings dived on Friday after the group said that the Chapter 11 filing on associated company Emas Chiyoda Subsea (ECS Group) does not deal with its charter-hire liabilities of hundreds of millions that relate to vessels chartered by the ECS Group.

 

The stock fell to S$0.013, down 0.6 cent or 31.6 per cent. Ezra lifted a trading halt at 12 pm.

 

The embattled oil-and-gas firm said late Thursday evening that it will still face going concern issues if creditors make claims against the liabilities that are guaranteed by Ezra.

 

Ezra said that it has guaranteed a substantial proportion of these liabilities, which total to about US$0.4 billion. In addition, the ECS Group currently has an aggregate of about US$0.5 billion of loans owing to financial institutions. These are guaranteed by Ezra.

.....

http://www.businesstimes.com.sg/stocks/hot-stock-ezra-shares-dive-as-going-concern-issues-stick

 

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Twincharged

waaaaaaa jialiat . alot really tng kor liao

A lot cut loss already lah

Jamesc coming in at 1c

If go up by 1c, he makes 100%

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Twincharged

Yup worth a risk for a 100% profit. [thumbsup]

 

:D

Yep just quickly be the first to buy before the rest get the same idea
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Supersonic

Isn't lowest price per share 0.001 and not 0.01?

Good GP . you guys planning to dump how many millions into it ? [thumbsup]

Don't need much. At 0.001 , 3 MIl can buy the whole company already
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Twincharged

Good GP . you guys planning to dump how many millions into it ? [thumbsup]

Wanna co invest with us? We only charge a low 20% profit sharing fee

Isn't lowest price per share 0.001 and not 0.01?

Don't need much. At 0.001 , 3 MIl can buy the whole company already

U so greedy wanna wait until 0.1c

Don't regret and miss the boat ok

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Good GP . you guys planning to dump how many millions into it ?  [thumbsup]

 

I want to get 10% of a million shares.

 

Start small.  [thumbsup]

 

:D

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Isn't lowest price per share 0.001 and not 0.01?

Don't need much. At 0.001 , 3 MIl can buy the whole company already

I think its 0.01 at the moment.
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