Pacific Radiance Dissolves Joint Ventures

MT Newswires
01/21

Pacific Radiance (SGX:RXS) dissolved three of its joint venture companies, held through its subsidiary, Alstonia Offshore, according to a Wednesday filing with the Singapore Exchange.

Duta Maritime Ventures, a 49%-owned joint venture company, was formally dissolved after it submitted its return to the liquidator on Sept. 29, 2025.

Duta Maritime Alliances, another 49%-owned joint venture, was also dissolved after it lodged its return with the liquidator on Dec. 1, 2025.

Meanwhile, Allianz Radiance, a 50% joint venture, commenced members' voluntary liquidation on Sept. 16, 2025.

The marine and offshore services provider said the liquidations are not expected to impact the company's earnings per share in 2026.

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