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    Nam Cheong invests in Marco Polo's Indonesian business unit

    Company News // September 29, 2014

    Nam Cheong Limited has entered into a binding Heads Of Agreement with Marco Polo Marine Limited in relation to a proposed investment in Marco Polo Marine's indirect subsidiary, PT Pelayaran Nasional Bina Buana Raya Tbk.

    In a statement, Marco Polo Marine said:"This is the second significant initiative undertaken by Nam Cheong to further extend its interests in the Indonesian oil and gas market, following the forming of a joint venture in Indonesia in September 2013 to own, operate and charter marine vessels."

     

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