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    New subsidiary at Swiber

    Company News // December 7, 2010

    The Board of Directors of Swiber Holdings Limited has announced that the company has incorporated a new wholly-owned subsidiary in Singapore, known as Swiber PJW 4000 Pte Ltd (SPJW4). The initial issued share capital of SPJW4 is US$10.00.

    SPJW 4 is an investment holding company. The transaction is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the company and its Group for the current financial year ending 31 December 2010.

     

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