The company said the agreement, signed between its unit Armada Balnaves Pte Ltd (ABPL) and Apache Energy Ltd in September 2011, was to provide and charter a floating production, storage and offloading (FPSO) vessel for an initial fixed-term charter of four years, expiring in August 2018. (File picture shows one of the vessels owned by Bymi Armada)
KUALA LUMPUR: Bumi Armada Bhd
's share price, which had risen in active trade in recent days, saw it hitting a speed bump after Indian tycoon Shapoorji Pallonji Mistry resigned from the board.
Since Feb 17, the share price had risen from 67 sen to a high of 79 sen on Wednesday.
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