Brief: Hoe Leong Corp Updates Will Be Completely Exiting From Its Vessel Chartering Business
04/09/2020 16:23
Sept 4 (Reuters) - Hoe Leong Corporation Ltd HLEC.SI :
* UPDATES HAS SOLD FOUR VESSELS AND WILL BE DISPOSING ITS
REMAINING VESSEL, COMPLETELY EXITING FROM ITS VESSEL CHARTERING
BUSINESS
* ACTIVELY TAKING STEPS TO STREAMLINE ITS COST STRUCTURE
WITH A
VIEW TO IMPROVING PROFITABILITY FOR ITS EQUIPMENT SEGMENT
* SUBMITTED APPLICATION TO SGX-ST FOR EXTENSION OF TIME OF 3
MONTHS TO SUBMIT ITS RESUMPTION PROPOSAL
Source text for Eikon: ID:nSNZ2Y1WtL
Further company coverage: HLEC.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Hoe Leong
See all newsBrief: Hoe Leong's Unit Increased Investment In Australian Unit To S$6.8 Million
Brief: Hoe Leong Corp Says High Court Ruled In Favour Of Auspicious Journay
Brief: Hoe Leong Corporation Enters Conditional Subscription Agreement With Escoopg
Brief: Hoe Leong Corporation Says Entry Into Non-Binding Term Sheet
Brief: Hoe Leong Corporation Says Cessation Of Liew Yoke Pheng Joseph As Executive Chairman