Brief: Gogl says increased investment in dry bulk freight operator

Golden Ocean

16/09/2019 06:45

Sept 16 (Reuters) - Golden Ocean Group Ltd  GOGL.O :
    * GOGL – INCREASED INVESTMENT IN DRY BULK FREIGHT OPERATOR
    * AGREED TO MAKE A FURTHER INVESTMENT IN SINGAPORE MARINE
PTE LTD
    * INVESTMENT IN CONNECTION WITH ACQUISITION OF MAJORITY OF
ASSETS
AND OPERATIONS OF SWISS MARINE BY SINGAPORE MARINE
    * GOLDEN OCEAN GROUP  - INCLUDING NEW COMMITMENTS FROM CO OF
$9.5
MILLION IN EQUITY, $0.7 MILLION IN FORM OF SHAREHOLDER LOAN,
SINGAPORE MARINE RAISED $44 MILLION
    * SINGAPORE MARINE RAISED $44 MILLION IN ADDITION TO $105
MILLION
IN AVAILABLE CAPITAL RAISED IN APRIL 2019

Source text for Eikon:  ID:nGNX8Q6ycp 
Further company coverage:  GOGL.O 

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