Singapore: In its ongoing restructuring to return to profitability ship supplier Sinwa is offloading its 70% shareholdings in AMS Marine and AMS Engineering
A $1.5m cashier's order has been paid to Sinwa as non-refundable payment of the first installment by the unspecified buyers of the AMS Group.
For more on what Sinwa has planned for this year check out our recent interview with the firm’s boss over at sister site Maritime CEO HERE. [19/03/13]
