The Board of Directors of Sealink International Berhad (SEALINK) announced, Dec. 31, that an entity within the SEALINK Group has commenced Arbitration against Boustead Penang Shipyard Sdn Bhd (BPS). The Notice of Arbitration was sent by Rajah & Tann LLP. Sealink has written to the Kuala Lumpur Regional Centre to request for Arbitration with BPS [...]
Boustead Penang Shipyard Sdn Bh (BPS), a wholly-owned subsidiary of Boustead Heavy Industries Group, and Boustead Naval Shipyard Sdn Bhd have entered into Shipbuilding Contract for the design, construction, commissioning, testing, supply and delivery of two (2) units of 16m General Purpose Harbour Tug. The contract between the companies was signed on August 16th 2012. The [...]
Boustead Heavy Industries Corporation Berhad (BHIC) – released an update on proposed disposal of the entire 60% of the equity interest held by its wholly-owned subsidiary, Boustead Penang Shipyard Sdn Bhd in PSC Tema Shipyard Limited. Further to the announcement made on 6 September 2011, the Company announced that, on 27 June 2012, in Accra, [...]