SINGAPORE (Yosefardi) – ASL Marine Holdings Ltd, through its wholly-owned subsidiary, PT. Sukses Shipyard Indonesia, has acquired a shipyard asset in Batam, Indonesia.
The company have entered into a conditional sale and purchase agreement dated 24 January 2014 with Miclyn Express Offshore Limited (MEO) and its wholly-owned subsidiary, PT Loh & Loh Construction Indonesia.
The purchaser has agreed to acquire the property and fixed assets in respect of a shipyard for the cash consideration of US$20.0 million (equivalent to approximately S$25.6 million).