Bumi Armada completes sale of the Armada Claire FPSO for RM88.9mil

KUALA LUMPUR: Bumi Armada Bhd’s wholly-owned subsidiary, Armada Balnaves Pte Ltd (ABPL), has completed the sale of the Armada Claire floating production storage and offloading (FPSO) vessel for US$20mil (RM88.9mil).

In a filing with Bursa Malaysia, Bumi Armada said it will recognise a gain on sale of the Armada Claire FPSO of approximately US$12mil (RM53mil) in its second quarter financial results.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bumi Armada , FSPO , Armada Claire

   

Report it to us.

Next In Business News
Opensys to cultivate new revenue streams alongside core biz expansions
SunCon secures RM1.72bil in new orders for 1Q24
Magma executive chairman Ismail Abdullah retires
Ringgit appreciates vs US dollar at the close
KLK 2Q net profit declines to RM117.07mil
Teladan to launch projects with RM1.2bil GDV
Bursa Malaysia to close for Wesak Day
Hong Leong Bank to fully subscribe to RM350mil Asean Green Bond to finance green warehousing
Coastal Contracts secures vessel sale and 5-year charter extension
TSH to seek strategic opportunities within sustainable segment

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.