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: Bumi Armada Bhd
shares were down after investors digested the news that the company has refinanced its debts.
The counter fell 2.5 sen or 9.26% to 24.5 sen by the end of the trading day on a volume of 482.5 million shares.
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