Independent journal on economy and transport policy
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R&A Telecommunication signs a not binding agreement in order to buy the company of navigation Semua Shipping
The value of the transaction is of about 37 million dollars
May 5, 2016
The company malaysian of telecommunications R&A Telecommunication Group has signed a not binding agreement with the compatriot Semua International in order to buy the entire share capital of the Semua Shipping, company of navigation constituted in the 1980 that currently has a fleet of six product tanker with a unitary ability to 8.000 gross capacities in tons that they are all mail rental in the long term with Shell Malaysia.
The preliminary understanding previews that the value of the transaction piles to 150 million ringgit (37 million dollars) and that such value is corresponded by R&A through the emission of new actions.
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