PETALING JAYA: Marine & General Bhd has disposed of 40% equity interest in its sub-subsidiary M&G Sutera 8 Sdn Bhd to Muhibbah Engineering (M) Bhd (MEB) for RM21.84mil.
The subscription sum represents the amount still owed to MEB for the construction of the JM Sutera 8 chemical tanker (JMS8). M&G Sutera 8 had last year made payment of RM32.76mil to MEB to partially settle the contract amount of RM54.6mil.
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