Swee Hong shares surge 43%: Here's why

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

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A view of construction cranes at a public housing estate in Singapore. REUTERS
  • 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

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