Seatrium Limited (SG:5E2) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
