Brief: Beng Kuang Marine Says Discontinuation Of Group's Cattle Line Business

Beng Kuang Marine

05/10/2022 10:46

Oct 5 (Reuters) - Beng Kuang Marine  BENK.SI :
    * DISCONTINUATION OF GROUP'S CATTLE LINE BUSINESS
    * DISCONTINUATION TO INVOLVE DISPOSAL OF LIVESTOCK VESSEL
ASSETS
    * LIKELY TO RECORD A LOSS FROM DISPOSAL OF LIVESTOCK VESSEL
ASSETS
    * NOT ENTERED ANY DEFINITIVE AGREEMENT RELATING TO PROPOSED
DISCONTINUATION
    * HAS ENGAGED RSM CORPORATE ADVISORY TO ADVISE IT ON
PROPOSED
DISCONTINUATION
    * ONE-TIME LOSS ON DISPOSAL OF LIVESTOCK VESSEL ASSETS MAY
CAUSE
GROUP TO RECORD LOSS FOR FY ENDING 31 DEC 2022

Source text for Eikon:  ID:nSN80jK0S 
Further company coverage:  BENK.SI 
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