Brief: Beng Kuang Marine Says Unit Entered Deal For Sale Of Land In Waterfront Fabrication Yard
12/04/2023 11:20
April 12 (Reuters) - Beng Kuang Marine Ltd BENK.SI :
* UNIT ENTERED CONDITIONAL LAND SALE & PURCHASE AGREEMENT
WITH OIL
STATES INDUSTRIES (ASIA)
* DEAL FOR S$8.6 MILLION
* DEAL FOR SALE OF 90,000 SQUARE METRES OF LAND IN GROUP'S
WATERFRONT FABRICATION YARD IN BATAM ISLAND, KABIL
* GROSS PROCEEDS WILL BE USED TO REDUCE GROUP'S BORROWINGS
AND FOR
GENERAL WORKING CAPITAL
Source text for Eikon: ID:nSNjZchd
Further company coverage: BENK.SI
((Reuters.Briefs@thomsonreuters.com;))
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