OTHERS Memorandum of Agreement between SMF Eden Maritime Ltd ("SMF Eden"), a wholly-owned Subsidiary Company of Straits Inter Logistics Berhad (Straits or the Company) for the proposed acquisition of a vessel namely M.T. MO Satu from Millennium Satu Ltd
| STRAITS INTER LOGISTICS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Memorandum of Agreement between SMF Eden Maritime Ltd ("SMF Eden"), a wholly-owned Subsidiary Company of Straits Inter Logistics Berhad (Straits or the Company) for the proposed acquisition of a vessel namely M.T. MO Satu from Millennium Satu Ltd |
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The Board of Directors of Straits wishes to announce that SMF Eden had on 16 September 2020 entered into a memorandum of agreement ("MOA") with Millennium Satu Ltd ("MSL" or the "Vendor") to acquire a vessel, namely M.T MO Satu from MSL for a purchase consideration of USD4,500,000 to be satisfied entirely via cash over a period of 36 months from the delivery date ("Proposed Acquisition").
Please refer to the attachment for further details of the announcement.
The announcement is dated 17 September 2020.
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Please refer attachment below.
Announcement Info
| Company Name | STRAITS INTER LOGISTICS BERHAD |
| Stock Name | STRAITS |
| Date Announced | 17 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17092020-00030 |