Swiber disposes entire shareholding in KHL
Sold to SEA9 for S$0.80 per share.
The board of directors of Swiber Holdings Limited has confirmed the completion of the proposed disposal to SEA9 Pte. Ltd of all its issued and paid-up ordinary shares in the capital of Kreuz Holdings Limited (KHL).
This was done by way of a proposed scheme for S$0.80 in cash for each KHL share. Effectively, KHL has ceased to be a subsidiary of Swiber Holdings Limited.
Along with the disposal confirmation, the company also announced a tax exempt special dividend of S$0.03 per Share.