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Memorandum of Agreement

We announced that Daya Vessels Limited, a subsidiary of a 67%-owned subsidiary, Daya OCI Sdn Bhd, had entered into a Memorandum of Agreement with SBM Installer S.A.R.L. for the purchase of a vessel for USD180 million. Mutual termination of the MOA has been sought as our intention was to execute a long-term charter of the vessel and not a direct purchase.

  • 16 Dec, 2013
  • Posted by DMBIT
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