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Atlantic Navigation Holdings (Singapore) Ltd. ( (SG:5UL) ) just unveiled an announcement.
At the recent Annual General Meeting, Atlantic Navigation Holdings (Singapore) Ltd. announced the passing of their Lead Independent Director, Mr. Gwee Lian Kheng, who had been a significant guiding force for the company. The company reported a successful fiscal year 2024, highlighted by a major fleet disposal that generated US$120 million, which was partially distributed to shareholders. Despite global economic challenges, the company remains optimistic about the offshore oil and gas sector and is well-positioned financially, with net assets of 6.45 US cents per share and a debt-free status.
More about Atlantic Navigation Holdings (Singapore) Ltd.
Atlantic Navigation Holdings (Singapore) Ltd. operates in the offshore oil and gas sector, focusing on providing marine logistics and support services. The company is based in Singapore and is involved in fleet management and related activities, with a market focus on leveraging strong financial performance to navigate industry challenges.
Average Trading Volume: 220,807
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$32.46M
See more insights into 5UL stock on TipRanks’ Stock Analysis page.