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Avic International Investments Limited News

15 Oct 2012

AVIC International will Acquire Deltamarin

The majority of the shares of Deltamarin Ltd are to be sold to AVIC International Investments Limited, a publicly listed company on the Singapore Stock Exchange. After the closing of the acquisition, Deltamarin’s existing operations will continue as they are and the business will remain independent keeping the name and the brand of Deltamarin unchanged. The aim of the intended new ownership structure is to enable Deltamarin’s solid growth in the marine and offshore oil and gas markets. The new owner to be, AVIC International Investments Limited, is a part of the AVIC Group. Its parent company AVIC is a global Fortune 500 company with approximately 500,000 employees.

03 Apr 2012

AVIC Singapore Wins 5-Vessel Orders – Construction in China Shipyards

China mainland based shipbuilding management and consultancy (“M&C”) services provider AVIC International Investments Limited (“AVIC Singapore”), which is a member of the Aviation Industry Corporation of China (“AVIC”)  group of companies, announce  it has secured a US$60 million contract for the construction of five vessels. The order comprises three  azimuth stern drive tugboats with 55 tons bollard pull each; a diving support vessel, and a bunkering tanker with 1000 deadweight ton cargo capacity. These service vessels, which will be built at the Group’s subcontracted shipyards in China, are scheduled for delivery in 2013. The latest contract win is expected to contribute positively to the Group’s earnings for FY2012 and FY2013.