Swee Hong shares surge 43%: Here's why

Swee Hong announced closure of the scheme which took effect from December 2, 2015.

• By Aastha Agnihotri
  July 21, 2017 12:46 +08

• Civil engineering company Swee Hong shares rose as much as 42.8 percent on Friday to S$0.02
• Swee Hong announced closure of the scheme which took effect from December 2, 2015: company statement
• Company has paid all creditors under the scheme
• With effect from July 20, the company is completely released and discharged from all claims, obligations and liabilities and indebtedness to all creditors