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DISPOSAL OF 39,110 DWT HANDYMAX BULK CARRIER

MALAYSIAN BULK CARRIERS BERHAD

Type

Announcement
SubjectDISPOSAL OF 39,110 DWT HANDYMAX BULK CARRIER

Contents :

Malaysian Bulk Carriers Berhad ("MBC") hereby announces that its wholly-owned subsidiary, Amatklasik Sdn Bhd, had on 23 March 2005 entered into a Memorandum of Agreement to sell its 39,110 dwt Handymax bulk carrier, namely, "MV Alam Sentosa" for a cash consideration of approximately RM72.6 million. The disposal is expected to result in a capital gain of approximately RM45.4 million to the MBC Group.


Completion of the sale is expected sometime in April 2005 when the vessel is delivered to the buyer.



Announcement Info

Company NameMALAYSIAN BULK CARRIERS BERHAD  
Stock Name MAYBULK    
Date Announced28 Mar 2005  
CategoryGeneral Announcement
Reference NoCU-050324-71441


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