Swissco

Swissco - Recent news was its proposal to acquire Scott and English Energy (S&E), which is in the business of owning and leasing mobile offshore drilling units and service rigs, and majority-owned by Kim Seng Holdings. Consideration of $285m will be satisfied by the issue of 452.4m consolidated Swissco shares at issue price of $0.63 each, post a 2-into-1 share consolidation exercise.