Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

BLT plans S$203m rights issue

Jakarta: Berlian Laju Tankers (BLT) is planning to raise up to S$203.3m through a rights issue to fund fleet expansion opportunities. The Indonesian shipowner has proposed the issue of up to 5.98bn new shares priced at Rp220 per share, or S$0.034, raising up to S$203.3m. The represents a discount of 56.9% to the last traded price of Rp510 on the Indonesian Exchange prior to the announcement. BLT said funds from the rights issue would be used to secure its liquidity level to fuel fleet expansion opportunities. {26/05/10]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish