Corporate digest
Mermaid Maritime
AN ASSOCIATE of Mermaid Maritime, Asia Offshore Drilling (AOD), has secured contract extensions for two of its jack-up drilling rigs to serve a client in the Middle East, the oil and gas play announced on Tuesday.
The three-year extensions will continue directly from the current contracts scheduled to expire on April 14, 2020 for its AOD II rig, and Dec 31, 2019 for its AOD III rig. The total contract values are expected to be about US$98 million for AOD II, and US$101 million for AOD III.
Thakral Corporation
TO FINANCE a stake purchase in an office building in Japan, Thakral Corporation's joint venture (JV) has increased its share capital by some 1.54 billion yen (S$19.1 million) to 1.6 billion yen. All proceeds from the share issue were used for the investment, Thakral Corp said on Monday night.
The company had announced on Monday morning that the JV, Thakral Umeda Properties (TUP), had invested an undisclosed amount to take an undisclosed stake in the 11-storey Umeda Pacific Building in Osaka.
Libra Group
LIBRA Group's wholly-owned subsidiary, Cyber Builders, has appointed joint and several provisional liquidators for the creditor's voluntary winding up of Cyber Builders. The provisional liquidators are Lim Loo Khoon and Tan Wei Cheong from Deloitte & Touche LLP, Libra said in a filing on Tuesday morning.
