Carimin to acquire new RM23mil boat

PETALING JAYA: Carimin Petroleum Bhd (CPB) is proposing to acquire an unregistered newbuild crew boat, named “Hull 460,” from Singapore-listed Penguin Shipyard Asia Pte Ltd for RM23.39mil.

In a filing with Bursa Malaysia, the firm said the proposed acquisition was in line with the expansion plan of CPB’s business in providing marine support services for its offshore maintenance and hook-up and commissioning activities.

“The proposed acquisition will complement the company’s vessel fleet operations,” it said.

CPB said the vessel is scheduled to be delivered by the end of June 2024.

Additionally, CPB said the proposed acquisition will increase its gearing ratio from 0.04 to 0.12.

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

Next In Business News

ICT Zone get shareholders' nod to transfer to ACE Market
Rehda expects Mapex 2024 to exceed RM30mil in sales value
IJM Corp unit bags two contracts worth RM962.3mil
Unisem acquires lands in Kinta, Perak for RM30.14mil
Ringgit extends losses to close lower against US dollar
UUE's IPO oversubscribed by 103.83 times
GDB wins RM865.7mil logistics hub construction contract
RM24.2mil fraud: BNM requests prompt refunds to all affected account holders
Marine & General is cautiously optimistic
MCMC to commence the process of selecting MNO to develop second 5G network

Others Also Read