Singapore’s stock exchange has handed Swiber Holdings a public reprimand for the second time in less than two months.
In a regulatory announcement, the Singapore Exchange (SGX) criticises the offshore vessel owner for potentially breaching listing rules.
Swiber is accused of misreporting the news about a $710m contract from Royalgate Energy for work in Africa.
Although the two parties had only signed a letter of intent (LOI), Swiber included the value of the contract in its orderbook.
SGX
