Thursday, December 30, 2010

Sealink advances on RM70m contract

KUALA LUMPUR: Shares of SEALINK INTERNATIONAL BHD [] rose in early trade on Thursday, Dec 30 after it secured contracts for the sale of three offshore support vessels for RM70 million.

At 9.03am, it was up seven sen to 68 sen with 262,400 shares done.

The FBM KLCI rose 3.37 points to 1,527.71. Turnover was 19.34 million shares done valued at RM20.34 million. There were 126 gainers, 23 losers and 81 stocks unchanged.

Sealink announced on Wednesday it has secured contracts for the sale of three offshore support vessels.

The vessels were expected to be delivered within the first quarter of 2011.

Two of the vessels were sold for RM68 million to established overseas buyers whilst a 14 year old vessel was sold as part of the company's fleet modernisation plan.


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