The purchase consideration for the acquisition of US$14.8 million ($19.93 million) was arrived at on a willing-buyer willing-seller basis after taking into account various factors including the net assets value of the sale shares as well as the existing time charter contract that LNG EW has entered into.
Samudera Shipping Line has entered into a share purchase agreement for the purchase of 8.6 million ordinary shares of LNG East-West Shipping Company (Singapore) (LNG EW) from Nippon Yusen Kabushiki Kaisha (NYK).
Samudera is an existing shareholder of LNG EW. Upon completion of the acquisition, the company’s shareholding interest in LNG EW will increase from 25% to 50%, while NYK will own the remaining 50% shareholding interest.
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