PETALING JAYA: Avangaad Bhd has finalised the sale of its floating storage and offloading (FSO) vessel for US$10.5mil (equivalent to RM44.5mil), which will deliver an immediate gain of RM29.4mil.
In a filing with Bursa Malaysia, the company said it had entered into a memorandum of agreement with MTC Energy Sdn Bhd for the sale of the vessel.
