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Nam Cheong client cancels contract

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Published Fri, Dec 2, 2016 · 09:50 PM

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Singapore

A CLIENT of vessel builder Nam Cheong has officially cancelled a contract to receive a vessel.

While the mainboard-listed builder is considering legal recourse, it says the cancellation is expected to impact its earnings for this financial year, though the extent is still undetermined, Nam Cheong said in a filing after the market closed on Friday.

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