Thursday, June 24, 2010

Petra Perdana to buy 2 vessels for RM200m

KUALA LUMPUR: PETRA PERDANA BHD [] will use the proceeds from its proposed placement to pay the deposits for two anchor handling tug/support vessels.

The company said on Thursday, June 24 said the vessels, under the sale and leaseback arrangement, would be delivered within the next two months.

"The total consideration of the vessels are approximately RM200 million," it said in reply to a query by Bursa Malaysia Securities over its corporate exercise.

Petra Perdana had proposed a private placement of up to 10% of its paid-up share capital to investor or investors to be identified and also proposed a renounceable rights issue with free detachable warrants.

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