{"id":2349,"date":"2019-07-03T10:10:32","date_gmt":"2019-07-03T02:10:32","guid":{"rendered":"https:\/\/en.benalec.com.my\/?p=2349"},"modified":"2019-07-05T10:11:42","modified_gmt":"2019-07-05T02:11:42","slug":"benalec-to-dispose-of-two-sand-carrier-vessels-worth-rm15-8m","status":"publish","type":"post","link":"https:\/\/www.benalec.com.my\/zh-hans\/benalec-to-dispose-of-two-sand-carrier-vessels-worth-rm15-8m\/","title":{"rendered":"Benalec to dispose of two sand carrier vessels worth RM15.8m"},"content":{"rendered":"<p><em>The Edge<br \/>\n03rd July, 2019<\/em><\/p>\n<p>KUALA LUMPUR (April 3):<\/p>\n<p>Marine construction services group Benalec Holdings Bhd is disposing of two of its sand carrier vessels for US$3.82 million (RM15.82 million) to improve its cash flow amid the softening of the domestic and regional maritime industry.<\/p>\n<p>In a filing with Bursa Malaysia today, Benalec said its 51%-owned indirect subsidiary, Ocean Pacific Ltd, is selling the vessels to Regiontrade Sdn Bhd.<\/p>\n<p>The assets were purchased by Ocean Pacific in January 2015 and February 2016, respectively.<\/p>\n<p>Due to the current market environment of the domestic and regional maritime industry, Benalec said there has been a softening in demand for vessels which in turn negatively affects the group\u2019s vessel chartering business<\/p>\n<p>Hence, the disposal of the assets, Benalec said, provides an avenue to monetise the assets and crystallise the value of the vessels at a reasonable price, while at the same time improve the cash flow of the company.<\/p>\n<p>Benalec added that the proceeds arising from the disposal would be utilised for the working capital of the group.<\/p>\n<p>The disposal is expected to be completed within the third quarter of 2019.<\/p>\n<p>Shares of Benalec closed up 0.5 sen or 2.86% today at 18 sen for a market capitalisation of RM152.84 million.<\/p>\n<p>Source :\u00a0<a href=\"https:\/\/www.theedgemarkets.com\/article\/benalec-dispose-two-sand-carrier-vessels-worth-rm158m\">https:\/\/www.theedgemarkets.com\/article\/benalec-dispose-two-sand-carrier-vessels-worth-rm158m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Edge 03rd July, 2019 KUALA LUMPUR (April 3): Marine [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[33],"tags":[],"_links":{"self":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/2349"}],"collection":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=2349"}],"version-history":[{"count":1,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/2349\/revisions"}],"predecessor-version":[{"id":2351,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/2349\/revisions\/2351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media\/1531"}],"wp:attachment":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=2349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=2349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=2349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}