Wintermar raises capital in own subsidiaries
Monday, December 31 2012 - 02:00 AM WIB
IDX-listed offshore marine services company PT Wintermar Offshore Marine Tbk has injected its two subsidiaries in Indonesia, PT Sentosasegara Mulia Shipping and PT Wintermar, with an additional working capital of Rp 204,1 billion.
Of the total fund, Sentosasegara will get Rp 35,1 billion, while Wintermar will get Rp 169 billion.
PT Wintermar Offshore Marine Tbk has more than 99 percent share ownership in both of the subsidiaries, the company said in a press statement over the weekend.
Previously, PT Wintermar Offshore Marine Tbk and PACC Offshore Services Holdings Pte Ltd (POSH) have signed an agreement of joint venture to supply the Indonesian ship market with the type of Anchor Handling, Towing & Supply (AHTS).
The joint venture will own and operate two units of Indonesian flagged AHTS with capacity of 100+ tons bollard pull, namely ?WINPOSH Rampart? and ?WINPOSH Resolve?, which have secured contract from multinational oil and gas companies to support its offshore drilling activities in Indonesia for two and half years.
Editing by Benget Besalicto Tnb