United Kingdom

Swissco updates on meeting with holders of S$100 mln notes due 2018

Wednesday, 12 Oct 2016 

Swissco Holdings Limited : Update On Informal Meeting With Holders Of S$100 mln 5.7% Notes Due 2018 . noteholders informed that company will not be able to pay interest due under terms and conditions of notes on next interest payment date . Announce a suspension in trading of shares of company with effect from today, 12 october 2016 . expects to be able to fund its current operations from its cash, revenue from existing businesses and possible asset disposals .At same time, company and Ernst & Young are actively working on a debt restructuring plan.