Brief: Havyard Group Updates On Financial Situation

Eqva ASA

04/05/2020 14:56

May 4 (Reuters) - Havyard Group ASA  HYARD.OL :
    * UPDATE OF FINANCIAL SITUATION
    * HST HAS NOW REACHED AGREEMENT WITH SHIPOWNERS, GIEK,
INVOLVED
BANKS AND GUARANTORS
    * ENSURE COMPLETION AND DELIVERY OF REMAINING ORDER BOOK OF
6
VESSELS (PHASE 2-PROJECTS), OF WHICH 5 HULLS ARE CURRENTLY UNDER
CONSTRUCTION AT CEMRE IN TURKEY
    * CONTRACTS WILL BE TRANSFERRED FROM HST TO NEW HAVYARD SHIP
TECHNOLOGY AS (NHST) (A WHOLLY OWNED SUBSIDIARY OF HST) AND
VESSELS WILL BE COMPLETED BY NHST
    * DELIVERY OF LATEST VESSELS IN THIS PORTFOLIO IS SCHEDULED
FOR
MID-2021
    * SHIPYARD BUSINESS IN HAVYARD GROUP ASA WILL BE CONTINUED
IN
NHST, AND GROUP'S FURTHER EFFORTS IN SHIPBUILDING WILL BE
CONTINUED BY THIS COMPANY

Source text for Eikon:  ID:nObi1g8Bna 
Further company coverage:  HYARD.OL 

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