This comes after the maritime company announced the sale on June 23 of $9.89 million, for the group’s 100,970 square metres of its waterfront fabrication yard on the eastern side of Batam Island, Kabil.
Beng Kuang Marine’s sale of 31% of its Batam shipyard property to PT. Bukit Batu Mulia has moved into a definitive agreement between the maritime company and Solid Marine Indonesia, a nominee of the purchaser.
The purchaser nominee and the purchaser, PT. Bukit Batu Mulia, have the same shareholders. Beng Kuang announced that it has received a down payment for the sales on Aug 9.
