Greater China

Jasper fails to sell Yiulian flotel

Singapore: Singapore-listed Jasper Investments announced that a deal to sell the accommodation vessel Jasper Cosmopolitan in Yiulian Shipyard to Singapore’s Alyar Offshore has fallen through as the buyer failed to pay a deposit or inspect the vessel.

Jasper Investments announced earlier this month that it was selling the accommodation vessel at Yiulian Shipyard to Alyar Offshore for $75.6m as it failed to take delivery of the vessel due to insufficient funds.

Yiulian Shipyard was supposed to receive $73.6m of the selling price, with Jasper set to receive the remaining $2m. [19/11/14]




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