KUALA LUMPUR: Marine & General Bhd has disposed of 40% equity interest in its JM Sutera 8 chemical tanker via a share subscription agreement with Muhibbah Engineering (M) Bhd (MEB) for RM21.84mil.
The subscription sum represents the amount still owed to MEB for the construction of JM Sutera 8, which will be settled via the transfer of 40% stake in the vessel's holding company M&G Sutera 8 Sdn Bhd to MEB.
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