Beng Kuang Marine: Trading halt to be lifted at 9 am. Co. announced that is has entered into a non-binding term sheet for proposed acquisition & subscription of shares in BannerLexxon Offshore (BLO) Pte Ltd….
Proposed investment will see Co. hold an aggregate of 60% of enlarged issue share capital in BLO. Total outlay of investment is 10.3m, but will be subjected to approval by the board and shareholders in an AGM.
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