Sale14 Jul 2026, 06:50 pm
Seamec Ltd Board Approves Sale of Vessel for USD 9.5 Million
AI Summary
Seamec Ltd announced that its Board of Directors, in a meeting held on July 14, 2026, approved the sale of the vessel "SEAMEC GALLANT". This vessel is owned by SEAMEC International FZE, a wholly-owned subsidiary of Seamec Ltd. The sale is to M/s Bo Yuan Han Limited, Hong Kong, for a gross consideration of USD 9.5 million. The Board has recommended this transaction for shareholder approval via a Special Resolution at the upcoming Annual General Meeting. The notice for the AGM will be circulated to shareholders in due course.
Key Highlights
- Board approved sale of vessel "SEAMEC GALLANT".
- Sale consideration is USD 9.5 million.
- Transaction involves a wholly-owned subsidiary.
- Shareholder approval required via Special Resolution.
- AGM details to be announced later.
Price Impact
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