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Pan-United's founding family buying its tug & barge business for S$29.92m

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Published Tue, Oct 4, 2016 · 09:50 PM

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Singapore

PAN-UNITED Corporation's founding family and controlling shareholders have proposed to buy its loss-making tug and barge business for S$29.92 million. The deal involves the purchase of wholly owned Pan-United Shipping and PU Vision, which are part of the group's shipping division.

Pan-United Shipping offers shipping services and trading, while PU Vision owns 12 tugboats and 10 barges last valued at S$23.8 million.

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