SBI Offshore's legal counsel to review PwC findings and provide advice to board

Singapore

AS a boardroom tussle looms at Catalist-listed SBI Offshore (SBIO) this Friday, the offshore and marine firm's legal counsel will review the findings of a PricewaterhouseCoopers (PwC) report that it had commissioned, it said on Saturday.

The PwC report, dated Sept 6, was released by SBIO in a filing to the Singapore Exchange on Sept 10.

The report found that there were two different sets of agreements for SBIO's purchase and subsequent sale of Jiangyin Neptune Marine Appliance Co Ltd (NPT).

The agreements contain conflicting consideratio…