Brief: CMIC Ocean En Tech Says Shelf Drilling To Buy 2 Premium CJ46 Jack-Up Rigs For $174 Mln

CM Energy Tech

04/03/2019 08:42

March 4 (Reuters) - CMIC Ocean En Tech Holding Co Ltd
 0206.HK :
    * SHELF DRILLING TO BUY 2PREMIUM CJ46 JACK-UP RIGS FOR TOTAL
CONSIDERATION OF US$174 MILLION FROM  WEALTHY MARVEL ENTERPRISES
LTD
    * JV TO SUBSCRIBE FOR NEW COMMON SHARES ISSUED BY SHELF
DRILLING
FOR CONSIDERATION OF US$24 MILLION, AT A PER SHARE PRICE OF
US$6.50
    * JV HAS AGREED TO CHARTER 2 ADDITIONAL PREMIUM CJ46 JACK-UP
RIGS
TO SHELF DRILLING, UNITS

Source text for Eikon:  ID:nHKS9Wkd1g 
Further company coverage:  0206.HK 

 ((Reuters.Briefs@thomsonreuters.com;))