Struggling Singapore offshore owner Swissco Holdings' interim judicial managers have received five initial bids for the company's assets.
They said they were in the process of marketing "all or parts" of Swissco and subsidiary Swissco Offshore.
Twelve non-binding expressions of interest were lodged in February, and this was followed by five indicative bids after due diligence.
"A further due diligence review is to be conducted, and formal bids by way of binding transaction documentation are expected to be received by the second week of April 2017," the managers said.
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