Sembcorp Marine gets rid of Jurong Autoblast Services

Jurong Shipyard,a subsidiary of Singapore’s Sembcorp Marine, has sold its 100% equity interest in Jurong Autoblast Services Pte Ltd (JAS).

Sembcorp Marine said that JAS was sold to a party unrelated to the company for an aggregate cash consideration of $256,933.

The principal activities of JAS are surface preparation of steel plates, structures as well as marine engineering services.

The company added that the consideration was agreed between the parties on a willing-buyer and willing-seller basis after taking into consideration the net asset value of JAS of $281,175 on October 31, 2017. As a result of the sale, JAS ceases to be a subsidiary of Jurong Shipyard.

According to Sembcorp Marine, the transaction is not expected to have any material impact on the net tangible assets and earnings per share of the company for the financial year ending December 31, 2017.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply