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Samudera Shipping Line Ltd ( (SG:S56) ) just unveiled an update.
Samudera Shipping Line Ltd announced an increase in the share capital of its subsidiary, PT Samudera Shipping Indonesia (PT SSI), through a capitalization of a shareholder’s loan amounting to approximately US$2.86 million. This move, aimed at financing the acquisition of two ethylene gas carriers, involves the issuance of Series C shares to maintain the proportional shareholding structure among PT SSI’s shareholders. The transaction highlights the company’s strategic efforts to bolster its operational capabilities and maintain its competitive position in the shipping industry.
More about Samudera Shipping Line Ltd
Samudera Shipping Line Ltd, incorporated in Singapore, operates within the shipping industry, focusing on maritime services and logistics. The company, along with its subsidiaries, engages in the transportation of containerized and non-containerized cargo across a variety of routes, with a significant market presence in Southeast Asia.
YTD Price Performance: 12.35%
Average Trading Volume: 684,093
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$489.6M
Learn more about S56 stock on TipRanks’ Stock Analysis page.
