The Singapore High Court has granted Swiber Holdings extra time to present debt-restructuring plans to its creditors.

The judicial managers said their application for an extension until 21 October 2017 was approved on Monday.

They added that the time would be used to send creditors a statement of proposals and to summon creditors for meetings.

The Singapore High Court also extended the validity of the orders placing Swiber in judicial management to 21 March 2018.