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    ASL Marine Holdings to acquire yard in Batam

    Yard News // January 27, 2014

    The Board of Directors of ASL Marine Holdings Ltd has announced that the company and its wholly-owned subsidiary, PT Sukses Shipyard Indonesia, have entered into a conditional sale and purchase agreement dated 24 January 2014 with Miclyn Express Offshore Limited (MEO) and its wholly-owned subsidiary, PT Loh & Loh Construction Indonesia, to acquire the property and fixed assets in respect of a shipyard for the cash consideration of US$20.0 million.

     

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