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PR Newswire
31-10-2016, 06:05 PM
SGX reprimands Swiber Holdings Limited
Singapore Exchange reprimands Swiber Holdings Limited ("Swiber") for its breach of Listing Rule 703, read with Paragraph 25© of Appendix 7.1, by failing to provide a balanced and fair announcement in relation to a US$710 million project award. The relevant listing rule requires a company’s announcement to be balanced and fair, and to avoid, among other things, presentation of favourable possibilities as certain, or as more probable than is actually the case.
For background of events leading to public reprimand and basis for the reprimands : http://infopub.sgx.com/FileOpen/20161031...eID=427051
Singapore Exchange reprimands Swiber Holdings Limited ("Swiber") for its breach of Listing Rule 703, read with Paragraph 25© of Appendix 7.1, by failing to provide a balanced and fair announcement in relation to a US$710 million project award. The relevant listing rule requires a company’s announcement to be balanced and fair, and to avoid, among other things, presentation of favourable possibilities as certain, or as more probable than is actually the case.
For background of events leading to public reprimand and basis for the reprimands : http://infopub.sgx.com/FileOpen/20161031...eID=427051
Specuvestor: Asset - Business - Structure.