Wah Kwong Goes Private

Thursday, July 13, 2000
Wah Kwong Shippping Holdings said its shareholders approved a joint HK$50 million buy-out bid from Belgium's Compagnie Maritime Belge SA (CMB) and Wah Kwong president George Chao. Company shares will resume trading in Hong Kong on Wednesday. The last day of trading for Wah Kwong shares in London is July 21, and July 24 for Hong Kong. Delisting is scheduled for July 26.

The joint offer from CMB and Chao was made at HK$5.65 per share, to acquire 57.7 percent of Wah Kwong shares. CMB's Bocimar Far East Holdings unit owned 27.1 percent of the company, whilst Chao held a 15.2 percent stake. Wah Kwong shares closed at HK$5.50 on Tuesday. The company is engaged in the transport of bulk cargo such as coal and iron ore.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

VT Halter to Build Bouchard ATB Tugs

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), today announced new contracts to build two 130-foot Articulated Tug Barge

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Finance

Fortis Earns $47 mi in the 2Q 2014

Fortis Inc. achieved second quarter net earnings attributable to common equity shareholders of $47 million, or $0.22 per common share, compared to $54 million, or $0.

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

 
 
Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0793 sec (13 req/sec)