Singapore’s offshore vessel operator CH Offshore has appointed a new non-executive director to its board following an acquisition of shares in the company by SZ Offshore Investment.
Earlier in April, SZ Offshore bought 153,846,150 shares in CH Offshore corresponding to 21.83% of the total shares in CH Offshore for approximately S$20 million.
The shares were sold by Falcon Energy which now remains with 64.91% of the total shares in CH Offshore.
According to the terms of the sale & purchase agreement, SZ Offshore was entitled to appoint a nominee director to the board of directors of the company.
Following the nomination, CH Offshore has reviewed the credentials and experience of Zhang Haibo and has approved, with recommendation from the nominating committee of the company, his appointment as non-executive director of the company.
Previously, Zhang Haibo was a chairman and general manager of Longkou Haimeng Machinery until 2015. He has been a general manager at PTS Capital since 2015.
CH Offshore operates 15 anchor handling vessels and one offshore support vessel. Nine of these AHTS vessels are wholly owned by the company.
Offshore Energy Today Staff