Tuesday, July 5, 2011

Viking

Viking: Co. has lodged a report with the CAD over financial issues with Marine Accommodation (MAPL), the firm in which it bought an investment stake. Viking highlighted that it has reasons to believe that among others, there were issues with the financial record keeping of MAPL prior to the acquisition. Viking currently holds a 19.86% stake in MAPL prior to the latter's receivership, total net outlay toward this investment amounted to $7.7m.

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