Mencast, FEG seek cash from asset deals

Singapore

TWO listed offshore and marine (O&M) counters, Mencast Holdings and Falcon Energy Group (FEG) are looking to seal asset deals in a bid to cash up to tide over a protracted industry downturn.

Mencast said after Thursday trading close that it is in early-stage exploratory discussions with unnamed parties over the divestment of its assets. It clarified that no definitive agreement or contract has been signed.