Seatrium Limited (SG:5E2) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Seatrium Limited has reached a full and final settlement with Awilco Drilling PLC and its subsidiaries over two arbitration awards, with Awilco’s AR2 receiving a $57 million settlement sum. Under the terms of its Asset Co Transaction, RigCo will cover the settlement and related legal fees, resulting in no financial impact on Seatrium New Energy or its parent group. This agreement is not anticipated to affect Seatrium’s net tangible assets or earnings per share for the fiscal year 2024.
For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.
