July 2014 picture shows a Perisai Petroleum Teknologi Bhd maiden jack-up drilling rig, Perisai Pacific 101 at PPL Shipyard in Singapore -
PETALING JAYA: Singapore-listed Emas Offshore Ltd (EOL) is seeking legal advice in response to Perisai Petroleum Teknologi Bhd’s recent announcement that a put option on the sale of its equity in SJR Marine to EOL had been revived.
In an announcement dated Aug 17, Perisai attested that the proposed settlement agreement between the two companies “had become ineffective” as the long-stop period had lapsed on July 23, 2017.
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