Shareholders of SGX Mainboard-listed Swissco Holdings Limited, together with its subsidiaries, has approved at an extraordinary general meeting (EGM) the acquisition of Scott and English Energy Pte. Ltd. for approximately S$285.0 million.

Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support major oil and gas corporations in their exploration and production activities. The acquisition is considered as a very substantial acquisition under the rules of the SGX Listing Manual.

Tags: Swissco Holdings Limited