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Malaysia’s Petra Vitality has offered its 2009-built lodging work barge Petra Lyra through its subsidiary Petra Marine.
The Malaysia-flagged vessel was offered to Nice Sky Investments Company, an organization nominated by Star Probability Restricted, for $3.95m in money.
The corporate mentioned in a submitting the disposal is well timed for it to monetise the non-performing asset inside the group, and crystalise the asset worth at an affordable worth.
“On the identical time, the disposal will end in future financial savings by way of annual laid-up prices, reactivation and dry-docking,” Petra Vitality added.
A part of the proceeds to be raised from the disposal will probably be utilised for working capital, whereas the rest will probably be for a particular dividend.
The sale is predicted to be accomplished by December 27 with Petra recognising a internet disposal lack of about $120,000.
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