Swiber Holdings has announced the incorporation of a wholly owned subsidiary, Swiber Assets. The newly formed subsidiary is an investment holding company with an initial issued capital of US$10,000.
According to Friday filing, the transaction was funded internally and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the current financial year ending Dec 31, 2016.
In a separate announcement, the company also announced that it expects a delay in the completion of its US$710 million ($959 million) offshore field development project in West Africa due to weakness in the oil and gas sector since the latter half of 2014.
Swiber will release further announcements should there be significant updates on the project. This includes information as the expected completion date.
The company advises shareholders and other investors to exercise caution when dealing in the securities of the company.
Swiber last traded at 18 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
According to Friday filing, the transaction was funded internally and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the current financial year ending Dec 31, 2016.
In a separate announcement, the company also announced that it expects a delay in the completion of its US$710 million ($959 million) offshore field development project in West Africa due to weakness in the oil and gas sector since the latter half of 2014.
Swiber will release further announcements should there be significant updates on the project. This includes information as the expected completion date.
The company advises shareholders and other investors to exercise caution when dealing in the securities of the company.
Swiber last traded at 18 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment