Corporate digest

Sanli Environmental

SANLI Environmental on Tuesday said operations at its 60 per cent-owned subsidiary Sanli Environmental (Myanmar) have been disrupted due to the political situation and declaration of martial law in Yangon on March 14. Sanli said it is still too early to ascertain the longer-term impact on the group's businesses.

KrisEnergy

KRISENERGY on Tuesday gave an update on its subsidiary KrisEnergy (Vietnam 115)'s farm-out agreement with a major international oil and gas company to transfer to the latter its entire 100 per cent working interest in the Block 115/09 production sharing contract in offshore Vietnam for a nominal cash consideration.

While both are "actively working" towards fulfilling the conditions under the farm-out agreement, they have mutually agreed to extend the long-stop date to June 30, 2021, making this the fourth extension so far.

First Ship Lease Trust

THE manager of First Ship Lease Trust has successfully completed the disposal of the vessel

FSL Osaka to an unaffiliated third party at book value, and has realised net sale proceeds of about US$10.7 million.

OUE Commercial Reit

THE manager of OUE Commercial Reit on Tuesday said that its trustees have exercised the greenshoe option on its facility agreement dated Dec 2020 to upsize the senior secured facilities from S$900 million to S$978 million.