ASL sells E. Kalimantan floating transfer station
Friday, August 29 2008 - 02:22 PM WIB
Singapore shipping firm of ASL Marine Holdings Ltd. announced on Friday that its associated company, ASL Energy Pte Ltd (ASLE), which is jointly controlled by the Company and Manhattan Resources Limited (MRL) has disposed off a floating transfer station for cash of US$33.1 million to the charterer, P.T. Dermaga Perkasapratama, which operates a coal terminal in East Kalimantan.
The floating transfer station is a 65,000 deadweight tonne floating coal terminal pontoon chartered to the charterer for operations for 10 years.
The company had on 11 June 2008 entered into a conditional share purchase and loan novation agreement with MRL to dispose its entire 50 per cent. interest in ASLE to MRL.
The company and MRL, which are both listed at the Singapore Exchange, controlled by businessman Dato? Low Tuck Kwong, who is a controlling shareholder IDX-listed coal mining group Bayan Resources Tbk. (alex)