02-12-2014, 10:23 AM
The current MC is around 30 million, and half might be gone...
(not vested)
Jaya Holdings receives $15.6-million claim for alleged breach of contract
SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.
Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.
Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.
It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract
(not vested)
Jaya Holdings receives $15.6-million claim for alleged breach of contract
SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.
Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.
Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.
It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡