Hoe Leong: Disposal Of 2 Vessels For US$1.7 Million.

09 Oct 2019 10:04

Arkstar Eagle 1 has been mortgaged to Sing Investments & Finance Limited and Arkstar Eagle 3 has been mortgaged to RHB Bank Berhad. The amount due and owing to SIF and RHB is S$2,434,000 and S$2,434,000 respectively. The Consideration of US$1,700,000 represents a deficit of approximately S$3,145,000 over the book value of the Vessels. The net loss on disposal of the Vessels is S$3,145,000...

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