for its Acesian Sun unit, following a memorandum of understanding on Feb 1. Under the deal with Singapore-based public transport consultancy Metro Transit Solutions, signed on Monday, Acesian Sun will be sold off for S$321,000 in cash - most of it spread out over monthly instalments. Acesian shares closed flat at S$0.016 on Monday.after the long-stop date for the conditional share purchase agreement was not extended. China Mining has issued a notice of termination over the planned S$37.
, but at"materially lower" day rates that were flagged by the company as a potential downer on earnings. The 33.76 per cent-owned associate, Asia Offshore Drilling, won a three-year extension to June 2022 for one of its three jack-up drilling rigs, in a deal with a long-term Middle East client announced on Monday. The extension is expected to add some US$80 millon to Asia Offshore Drilling's contract backlog. Mermaid Maritime shares finished down 0.1 Singapore cent at S$0.
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