Seatrium Limited ( (SG:5E2) ) has issued an update.
Seatrium Limited has announced the settlement of a legal dispute with EIG Management Company, LLC, which was initially brought against Keppel Offshore & Marine Limited. Following the merger of KOM and Sembcorp Marine Limited, Seatrium took over the litigation and has agreed to resolve the matter by paying EIG a nominal sum of USD1 million. This settlement marks the conclusion of the litigation, potentially stabilizing Seatrium’s operational focus and reducing legal uncertainties for its stakeholders.
More about Seatrium Limited
Seatrium Limited operates in the marine and offshore engineering industry, focusing on providing integrated solutions for the construction and repair of ships and offshore structures. The company is involved in the design and building of rigs, floaters, and other marine vessels, catering to a global market.
YTD Price Performance: 8.68%
Average Trading Volume: 1,538
Technical Sentiment Signal: Sell
Current Market Cap: $5.12B
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