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Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) just unveiled an announcement.
Mermaid Maritime Public Company Limited announced that its subsidiary, Mermaid Subsea Services (Thailand) Limited, has entered into an agreement to acquire four newbuild state-of-the-art electric work-class remote operated vehicles from Argus Remote Systems AS in Norway. The acquisition, scheduled for delivery in the third quarter of 2025, is expected to enhance Mermaid’s operational capabilities and strengthen its market position in the subsea services industry.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited is a leading international provider of subsea and offshore services, specializing in subsea and cable installation, marine operations, SAT/AIR diving, engineering, remote operated vehicles, and survey services. The company is headquartered in Thailand with operational bases in the Middle East, the United Kingdom, Africa, and Southeast Asia.
YTD Price Performance: -22.31%
Average Trading Volume: 4,739,164
Technical Sentiment Signal: Buy
Current Market Cap: S$135.7M
For a thorough assessment of DU4 stock, go to TipRanks’ Stock Analysis page.