Pacific Radiance acquires remaining interest in CrestSA

Singapore: Pacific Radiance announced that its wholly-owned subsidiary, Crest Shipyard, has acquired the remaining 40% equity in CrestSA Marine & Offshore, an indirect subsidiary of the company, from Soon Aik Marine Engineering.

The purchase price is S$2m. CrestSA Marine & Offshore has become a wholly-owned subsidiary of Crest Shipyard after the transaction. [23/09/14]

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