Company Briefs: SGX, Swiber, Mirach Energy

Singapore Exchange

Professor Hans Tjio has been re-designated the deputy chairman of the Listings Advisory Committee (LAC), and Mr Goh Kian Hwee has been appointed as a member of the LAC with effect from Wednesday (July 5).

The LAC is a panel of market professionals that the SGX can draw upon for views on its listing policies. Last year, the LAC advised on SGX's proposed listing framework for dual class share structures.

The appointments were made in consultation with the Monetary Authority of Singapore.

Professor Tjio, who joined the LAC on February 1 last year, is taking over from Professor Tan Cheng Han, following Professor Tan's appointment as the chairman of the newly-established Singapore Exchange Regulation (SGX RegCo).

Professor Tjio has taught at the Faculty of Law in the National University of Singapore since 1990 and is the co-director of the faculty's Centre for Banking and Finance Law.

Mr Goh is the executive director of QAF Limited and an independent director of CapitaLand Commercial Trust Management Limited.

Swiber Holdings

The judicial managers of Swiber Holdings and its subsidiary, Swiber Offshore Construction, have filed applications for extensions of time until October 21 in order to send to creditors a statement of proposals and summon a creditors' meeting under the Companies Act.

The judicial managers are also seeking an extension of the judicial management period to March 21, 2018.

The applications are fixed to be heard at 2.30pm on July 10 at Chamber 5F in the Singapore High Court.

Mirach Energy

Mirach Energy has inked a memorandum of understanding with PRG Holdings Berhad to set up a joint venture company in order for them to pursue property and construction projects in Malaysia and elsewhere.

The joint venture company will be incorporated in Malaysia.

Mirach and PRG plan to work together to undertake the main contractor work in relation to the development of an affordable housing project in West Malaysia.

Mirach said the venture represents its plan to diversify its business into the property and construction business as well as the its first strategy to return to profitability.