The firm said in a stock market report that the disposal was completed upon the satisfaction of all conditions and receipt of the balance purchase consideration and shareholders loan owed by MILS to MISC.
“In addition, Swift will repay other receivables due from MILS to MISC within one year from completion of the sales and purchase of shares agreement,” MISC said, adding that the total proceeds from the disposal are expected to come up to MYR358m.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
