TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") PROPOSED DISPOSAL OF KOTA LAKSAMANA 101 BARGE FOR A MINIMUM CASH CONSIDERATION OF USD11.40 MILLION TO A THIRD-PARTY PURCHASER TO BE IDENTIFIED LATER ("PROPOSED DISPOSAL")
| BARAKAH OFFSHORE PETROLEUM BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")
PROPOSED DISPOSAL OF KOTA LAKSAMANA 101 BARGE FOR A MINIMUM CASH CONSIDERATION OF USD11.40 MILLION TO A THIRD-PARTY PURCHASER TO BE IDENTIFIED LATER ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Barakah (“Board”), Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce that the Company proposes to undertake a proposed disposal of the Kota Laksamana 101 Barge (“KL101 Barge” or the “Barge”) for a minimum cash consideration of USD11.40 million (equivalent to approximately RM53.28 million) to a third-party purchaser to be identified later.
Further details of the Proposed Disposal are set out in the enclosed attachment.
This announcement is dated 12 December 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
| Stock Name | BARAKAH |
| Date Announced | 12 Dec 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12122023-00090 |