EFFORTS are ongoing to secure a future for cash-strapped Singaporean offshore contractor Swiber, with the company saying its fate hangs on stakeholder support and its ability to complete US$1.67 billion (S$2.26 billion) worth of secured contracts.
“This in turn could pave the way for a restructuring exercise that the Interim Judicial Managers (IJMs) said would lead to a better outcome for creditors than under a winding-up scenario,” said the company.
The
