Company Briefs: Regal International Group

Regal International Group

Regal International Group unit Kenyalang Avenue Sdn Bhd has entered into a project management-cum- construction agreement with an independent third party.

The agreement relates to the development and construction of 20 units of terraced houses and eight units of spektra plus terraced houses on land located at Kampung Sindang Baru in Malaysia's Kota Samarahan.

Kenyalang Avenue will be the project manager and contractor for the land.

The independent third party, which is also the owner of the land area spanning 1.44ha, is the developer of the project.

Swiber Holdings

Offshore oil and gas contractor Swiber Holdings, which is under judicial management, said it is unable to pay the upcoming coupon payment for the Series 17, 450 million yuan (S$92 million), 7.75 per cent fixed-rate notes issued under its S$1 billion multi-currency debt issuance programme and due on March 20.

A version of this article appeared in the print edition of The Straits Times on March 15, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe