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Bina Buana Raya purchases two new vessels

21 October 2020 07:55

JAKARTA. PT Pelayaran Nasional Bina Buana Raya Tbk (BBRM) has signed the agreement to purchase two vessels, MP Prakasa and MP Pride for US$7 million each from Maro Polo Offshore (VI) Pte Ltd.

According to the disclosure published on the Indonesia Stock Exchange's (IDX) website, the sale and purchase agreement was signed on Friday (16/10).

According to the agreement, the company must pay a deposit of US$700,000 before delivery. Deposit payment must be made no later than 90 banking days after the signing of the sale and purchase agreement.

The vessels will help support the company's offshore support business. To pay for the vessels, the company will consider rising funds through rights issue or other methods. (AM/AR)

 
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