Brief: Hoe Leong Enters Into Agreement For Disposal Of Arkstar Voyager
05/03/2020 09:39
March 5 (Reuters) - Hoe Leong Corporation Ltd HLEC.SI :
* HOE LEONG CORP- ENTERED INTO A CONDITIONAL MEMORANDUM OF
AGREEMENT WITH FIRST OIL AND GAS SERVICES W.L.L. FOR DISPOSAL OF
ARKSTAR VOYAGER
* HOE LEONG CORP- NET PROCEEDS FROM PROPOSED DISPOSAL IS
ABOUT
S$5.1 MILLION
* HOE LEONG CORPORATION LTD - TOTAL CONSIDERATION FOR
ARKSTAR
VOYAGER US$3.9 MILLION
Source text for Eikon: ID:nSN4KbLVW
Further company coverage: HLEC.SI
((Reuters.Briefs@thomsonreuters.com;))
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