Beng Kuang Marine to buy remaining 49% of ASOM for S$60 million

Reuters

Feb 26

Beng Kuang Marine to buy remaining 49% of ASOM for S$60 million

Beng Kuang Marine Limited has signed a term sheet to buy the remaining 49% stake in Asian Sealand Offshore and Marine Pte. Ltd. for S$60 million, taking its ownership to 100%. The consideration includes S$20 million in new shares issued at S$0.35 each, S$20 million in cash payable at completion, and up to S$20 million in deferred and contingent cash payments linked to ASOM achieving at least S$15 million net profit in each of FY2026 and FY2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beng Kuang Marine Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I3TFV3HHYSW6FCVT) on February 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: I3TFV3HHYSW6FCVT) on February 26, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260226:nNDL6RBHMw:1","article_id":"2614941043","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614941043","pubTimestamp":1772106246,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Beng Kuang Marine Limited has signed a term sheet to buy the remaining 49% stake in Asian Sealand Offshore and Marine Pte. 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Ltd. for S$60 million, taking its ownership to 100%. The consideration includes S$20 million in new shares issued at S$0.35 each, S$20 million in cash payable at completion, and up to S$20 million in deferred and contingent cash payments linked to ASOM achieving at least S$15 million net profit in each of FY2026 and FY2027.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beng Kuang Marine Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I3TFV3HHYSW6FCVT) on February 26, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}