Vallianz in US$36.09m asset deals with parent firm
It is buying Tuas yard and stake in Indonesian chartering firm from controlling shareholder
Add BT as a preferred source
Angela Tan
Singapore
TO further raise its profile as an offshore marine player, Vallianz Holdings has entered into two deals to acquire assets from its controlling shareholder Swiber Holdings for US$36.09 million.
Vallianz, a provider of offshore support vessels, is buying Newcruz International Pte Ltd (NIPL) for US$18.59 million and a 49 per cent stake in PT Swiber Berjaya (PTSB) for US$17.5 million.
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
