Analyst Research Report Snapshot

Title:

Flash Note – Perdana Petroleum (ADD, under review) - Fifth barge acquisition in a year

Price:

$12.00

Provider:

Affin Investment Bank

Date:

23 Jul 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

PTRD.KL

Available for Immediate Download
Summary:

Acquiring another accommodation work barge for US$29.5m Perdana Petroleum announced that the group had on 22 July 2013 entered into a memorandum of agreement with Nam Cheong International Ltd for the acquisition of 1 unit of 100m accommodation work barge for US$29.5m cash (approximately RM93.8m). Perdana will pay 20% of the total purchase consideration (US$5.9m) as deposit and the balance (US$23.6m) upon delivery of the vessel in 3Q2014.

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