Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks

By Kyunghee Park and Chanyaporn Chanjaroen (Bloomberg) — With a market value of S$50 million ($37 million), Swiber Holdings Ltd. hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore’s banking and energy industries. The Singapore-based supplier to […]


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