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    Pacific Radiance forms JV to control SDM Marine

    Company News // October 8, 2014

    The Board of Directors of Pacific Radiance Ltd has announced that its wholly-owned subsidiary, Alstonia Offshore Pte Ltd, has entered into a joint venture agreement with Daiho Energy Services Pte Ltd to jointly own SDM Marine Pte Ltd, a company incorporated in Singapore, in the proportion of 50:50 of the share capital of SDM respectively.

    The principal activity of SDM is engaged in owning, chartering and leasing offshore vessels.

     

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