Mitra International sells Sabre Offshore Marine
Friday, March 20 2015 - 04:08 AM WIB
By Ruli Setiawan
IDX-listed PT Mitra International Resources Tbk and its subsidiary PT Pulau Kencana Raya have sold their entire 100 percent shares in Singapore-registered Sabre Offshore Marine Pte Ltd (SOM) for US$2 million.
Mitra said in a statement Thursday that the loss-making oil and gas transportation unit was sold to PT Pilar Indah Investama.
The company added that in addition to being loss-making, SOM is no longer engaged in its core oil and gas transportation services, and its vessels had been sold to third parties.
Editing by Reiner Simanjuntak