The contracts were associated with the floating production, storage and offloading (FPSO) vessel Armada Perdana, and the suspension was first announced last June after delays to the bare-boat charter payments as well as irregular payments on the operations and maintenance contract.
PETALING JAYA: Shares in Bumi Armada Bhd
rebounded from a record low after the company said it would be selective in pursuing new projects.
The company also hoped to complete its refinancing efforts by the end of the first quarter of next year.
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