Asset Acquisitions and Disposals::DISCLOSEABLE TRANSACTION - VESSELS DISPOSAL

Issuer & Securities

Issuer/ Manager
SAMUDERA SHIPPING LINE LTD
Securities
SAMUDERA SHIPPING LINE LTD - SG1F29855813 - S56
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
18-Oct-2019 17:29:47
Status
New
Announcement Sub Title
DISCLOSEABLE TRANSACTION - VESSELS DISPOSAL
Announcement Reference
SG191018OTHROU7P
Submitted By (Co./ Ind. Name)
Hermawan F Herman
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Samudera Shipping Line Ltd. (the Company ) wishes to refer to the announcement made by the Company on 5 August 2019 relating to the disposals of Sinar Kutai and Sinar Kapuas ( August Announcement ).

The Company wishes to announce that the disposals of Sinar Kapuas and Sinar Kutai have been completed.

Sinar Kapuas was sold to Ningbo Zrich Shipping Pte Ltd and Sinar Kutai was sold to Acorn Shipping Co., Ltd.

The total gain on disposal of Sinar Kapuas and Sinar Kutai is US$245,561.



By order of the Board,



Hermawan Fridiana Herman
Executive Director, Finance
18 October 2019