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    Malaysia: Sealink sells three vessels

    Vessel & ROV News // November 26, 2013

    The Board of Directors of Sealink International Berhad has announced that the group has secured contracts for disposal of three vessels for a total consideration of approximately RM18 million.

    On 24 October 2013, Midas Choice Sdn Bhd (646673-H) and Sutherfield Resources Sdn Bhd (467227-T), wholly owned subsidiaries of SEALINK, secured contracts for the disposal of two existing vessels to an overseas purchaser for a total cash consideration of US$2.3 million.

    On 4 November 2013, Euroedge Sdn Bhd (571944-T), a wholly owned subsidiary of SEALINK secured a contract for the disposal of another vessel for a total cash consideration of US$3.5million to the same overseas purchaser.

    On 22 November 2013, Euroedge Sdn Bhd received the downpayment for the disposal of the vessel.

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