Marine & General sells vessel for RM27.2mil

KUALA LUMPUR: Marine & General Bhd's indirect wholly-owned subsidiary, TKH Marine (L) Ltd, today disposed of its vessel, JM Sutera 7, for US$5.8 million (RM27.2 million) cash to an external party, Narsimhaa Shipping Inc, Liberia, on a willing buyer and willing seller basis.

In a filing with Bursa Malaysia, it said the disposal of the vessel would enable the group to realise its original investment in the vessel that it acquired back in March 2018.