Company Briefs: Singapore Exchange

Singapore Exchange

Professor Hans Tjio has been redesignated 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 yesterday.

The LAC is a panel of market professionals that the Singapore Exchange (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.

Prof Tjio, who joined the LAC on Feb 1 last year, is taking over from Prof Tan Cheng Han, following Prof Tan's appointment as the chairman of the newly established Singapore Exchange Regulation.

Prof Tjio has taught at the National University of Singapore's Faculty of Law 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, and an independent director of CapitaLand Commercial Trust Management.

Swiber Holdings

The judicial managers of Swiber Holdings and its subsidiary, Swiber Offshore Construction, have filed applications for extensions of time until Oct 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 next year.

The applications are fixed to be heard at 2.30pm next Monday at Chamber 5F in the Singapore High Court.

Mirach Energy

Mirach Energy has inked a memorandum of understanding with PRG Holdings 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 its first strategy to return to profitability.

A version of this article appeared in the print edition of The Straits Times on July 06, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe