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Kim Heng stands to recoup US$9.6m vessel purchase in one year

Friday, August 4, 2017 - 05:50

Mr Tan said Kim Heng has refrained from over-leveraging for the purpose of expanding after its IPO in January 2014.


KIM Heng Offshore & Marine Holdings' executive chairman expects the US$9.6 million investment made in three vessels the listed group bought over in a bank sale of the pledged assets of the distressed Swiber Holdings, to break even within a year of their acquisition.

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