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Swiber

Swiber Holdings Limited

You have a point. But shareholder always entitled to sell their shares, with proper disclosure.

pinkowl ( Date: 28-Jul-2016 12:35) Posted:

Won' t liquidator help to sell off (liquidate) swiber' s assets, including her shares in Vallianz? Such selling will depress Vallianz share price, right? That' s why it plunged 47% as of now.

investshare ( Date: 28-Jul-2016 12:28) Posted:

No, even if the major shareholder is chap 11, it does not affect the company. It just mean that the company major shareholder may change person. Remember that shareholder does not have further obligation to the company other than the capital they already invested.

Resigned for health reason ? He better resign also from Pungol North CCC grassroot all other activities etc... DPM Teo better take note!

Mr. Raymond Kim Goh is an industry veteran with close to two decades of experience in the offshore oil and gas industry. As Founder and Executive Chairman of the Swiber Group, Mr. Goh is the key figure in leading Swiber&rsquo s overall business, operations and marketing activities globally. In his role, Mr. Goh sets the long-term growth strategy of the Swiber Group and spearheads growth initiatives to expand the Swiber Group&rsquo s resources, develop new markets, and invest in new vessel designs and technology. Mr. Goh is also active in grassroot community activities. He serves as a patron of the Punggol North Citizen&rsquo s Consultative Committee. He also serves as Chairman of the School Advisory Board for Westwood Primary School. Mr. Goh is currently also the Non-Executive Chairman of Vallianz Holdings Limited. Mr. Goh graduated from Murdoch University in Australia with a Bachelor of Commerce (Honours) degree.

Don' t know how you' ll can come up with all this kind of unrealistic hopes.

Hei123 ( Date: 28-Jul-2016 12:38) Posted:

DBS is their banker.

How will it affect DBS? Not much right?

Only hope for Swiber is DBS ask Sembcorp to buy over.

sheerluck ( Date: 28-Jul-2016 12:09) Posted:

Now Swiber owes:

- bank US$322mil

- note US$556mil

- fin lease US$142mil.

So how?

Dunno which idiot placed 1.5 million in buy queue. SGX should investigate that also...coz some may have been conned into buying vallianz.

1bye1. Leylong l-ing...:(((

moron101 ( Date: 28-Jul-2016 07:56) Posted:

They will call back their 51 vessels and sell them in the open market?

Not forgetting paying themselve higher dir fees while knowing company in trouble !!!!

DBS is their banker.

How will it affect DBS? Not much right?

Only hope for Swiber is DBS ask Sembcorp to buy over.

sheerluck ( Date: 28-Jul-2016 12:09) Posted:

Now Swiber owes:

- bank US$322mil

- note US$556mil

- fin lease US$142mil.

So how?

CPIB should investigate them... CSI

Auditors PricewaterhouseCoopers LLP is useless , they din' t even highlight on any account risk at all in annual report, management really bunch of snakes !

Directors Current directorship in other listed company Past directorship in other listed company Other principal commitment Raymond Kim Goh Vallianz Holdings Limited Kreuz Holdings Limited Patron of Punggol North Citizen&rsquo s Consultative Committee Chairman of the School Advisory Board for Westwood Primary School... !!!!

Francis Wong Chin Sing &ndash Kreuz Holdings Limited &ndash Yeo Chee Neng Vallianz Holdings Limited &ndash &ndash Jean Pers &ndash &ndash &ndash Nitish Gupta &ndash &ndash &ndash Tay Gim Sin Leonard ISDN Holdings Limited &ndash &ndash Yeo Jeu Nam Vallianz Holdings Limited Frencken Group Limited &ndash Director of Radiance Consulting Pte. Ltd. Oon Thian Seng &ndash &ndash Partner of Oon & Bazul LLP, Singapore and T.S. Oon & Partners, Malaysia Chia Fook Eng &ndash &ndash &ndash

miumiu ( Date: 28-Jul-2016 12:19) Posted:

It is all the Management's fault. Those bunch of snakes...... Hope they don't escape unscath.

Won' t liquidator help to sell off (liquidate) swiber' s assets, including her shares in Vallianz? Such selling will depress Vallianz share price, right? That' s why it plunged 47% as of now.

investshare ( Date: 28-Jul-2016 12:28) Posted:

No, even if the major shareholder is chap 11, it does not affect the company. It just mean that the company major shareholder may change person. Remember that shareholder does not have further obligation to the company other than the capital they already invested.

FATABA ( Date: 28-Jul-2016 12:11) Posted:

Fully understand your point if this is not companies or a minor shareholder.

However one of the major ( 25% is one quarter ) owner is Chap11....which means nearly 25% of your company V is under liquidate too.
( debt collector seeing every dollar loan to V is gone ......)

Now....is this serious enough for SGX or responsibility for V to be halted.?

agreed.

it just means Swiber will dump V shares at the appropriate time.

market is pre-empting that dump amounts to 903,534,986 shares

investshare ( Date: 28-Jul-2016 12:28) Posted:

No, even if the major shareholder is chap 11, it does not affect the company. It just mean that the company major shareholder may change person. Remember that shareholder does not have further obligation to the company other than the capital they already invested.

FATABA ( Date: 28-Jul-2016 12:11) Posted:

Fully understand your point if this is not companies or a minor shareholder.

However one of the major ( 25% is one quarter ) owner is Chap11....which means nearly 25% of your company V is under liquidate too.
( debt collector seeing every dollar loan to V is gone ......)

Now....is this serious enough for SGX or responsibility for V to be halted.?

No, even if the major shareholder is chap 11, it does not affect the company. It just mean that the company major shareholder may change person. Remember that shareholder does not have further obligation to the company other than the capital they already invested.

FATABA ( Date: 28-Jul-2016 12:11) Posted:

Fully understand your point if this is not companies or a minor shareholder.

However one of the major ( 25% is one quarter ) owner is Chap11....which means nearly 25% of your company V is under liquidate too.
( debt collector seeing every dollar loan to V is gone ......)

Now....is this serious enough for SGX or responsibility for V to be halted.?

sheerluck ( Date: 28-Jul-2016 12:03) Posted:

That' s why I said " under the cover of technicality" . Say you own some shares in Sauybo and you bankrupt, SGX needs to do anything about it? No because your bankruptcy in in you own personal capacity.

you are right.

thanks for heads up.

not vested.

sheerluck ( Date: 28-Jul-2016 12:22) Posted:

quarterly report. pls read them to know what you are buying into.

hem2998 ( Date: 28-Jul-2016 12:15) Posted:

terok.

where did u get this please?

BT article is so misleading...

quarterly report. pls read them to know what you are buying into.

hem2998 ( Date: 28-Jul-2016 12:15) Posted:

terok.

where did u get this please?

BT article is so misleading...

sheerluck ( Date: 28-Jul-2016 12:09) Posted:

Now Swiber owes:

- bank US$322mil

- note US$556mil

- fin lease US$142mil.

So how?

It is all the Management's fault. Those bunch of snakes...... Hope they don't escape unscath.

terok.

where did u get this please?

BT article is so misleading...

sheerluck ( Date: 28-Jul-2016 12:09) Posted:

Now Swiber owes:

- bank US$322mil

- note US$556mil

- fin lease US$142mil.

So how?

Leylong leylong liao....cheap sales their ships asset.

RedEye1811 ( Date: 28-Jul-2016 12:05) Posted:

Swiber owned about 26% - 27% of Vallianz. Do not think having entered provisional liquidation they permitted to sell stake in Vallianz without liquidator authorization, and do not think that will happen. But I not legal expert so may be wrong.

teeth53 ( Date: 28-Jul-2016 11:59) Posted:

Think....is abit late now. :(

Fully understand your point if this is not companies or a minor shareholder.

However one of the major ( 25% is one quarter ) owner is Chap11....which means nearly 25% of your company V is under liquidate too.
( debt collector seeing every dollar loan to V is gone ......)

Now....is this serious enough for SGX or responsibility for V to be halted.?

sheerluck ( Date: 28-Jul-2016 12:03) Posted:

That' s why I said " under the cover of technicality" . Say you own some shares in Sauybo and you bankrupt, SGX needs to do anything about it? No because your bankruptcy in in you own personal capacity.

FATABA ( Date: 28-Jul-2016 11:53) Posted:

Correct me if I am wrong ...officially Swiber owns Valliance ( % ) ...so if Swiber is Chap11, all their assets would be under bank liquidation ...unless they are NOT a major shareholder. Anyone can confirm the % ownership here .

So SGX can say they dont know?

Pack up and leave

sheerluck ( Date: 28-Jul-2016 12:09) Posted:

Now Swiber owes:

- bank US$322mil

- note US$556mil

- fin lease US$142mil.

So how?

I think swiber is sabotaged by some kam cheong spider creditors leh.

Pity those people who holds swiber shares.

If swiber is allowed to dispose their stake in Vallianz, they can meet the payment on letter of demand.

In chinese, we call it: 弃车保帅

RedEye1811 ( Date: 28-Jul-2016 12:05) Posted:

Swiber owned about 26% - 27% of Vallianz. Do not think having entered provisional liquidation they permitted to sell stake in Vallianz without liquidator authorization, and do not think that will happen. But I not legal expert so may be wrong.

teeth53 ( Date: 28-Jul-2016 11:59) Posted:

Think....is abit late now. :(

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Swiber Holdings Limited