[ad_1]
Malaysia’s Petra Vitality has bought its 2009-built lodging work barge Petra Lyra by way of its subsidiary Petra Marine.
The Malaysia-flagged vessel was bought to Nice Sky Investments Company, an organization nominated by Star Likelihood Restricted, for $3.95m in money.
The corporate mentioned in a submitting the disposal is well timed for it to monetise the non-performing asset inside the group, and crystalise the asset worth at an affordable worth.
“On the identical time, the disposal will lead to future financial savings when it comes to annual laid-up prices, reactivation and dry-docking,” Petra Vitality added.
A part of the proceeds to be raised from the disposal might be utilised for working capital, whereas the rest might be for a particular dividend.
The sale is anticipated to be accomplished by December 27 with Petra recognising a web disposal lack of about $120,000.
[ad_2]
Source link
