Seroja Investments has agreed to sell its shipping business after receiving what it described as an “attractive offer” for the assets.
Under the sale and purchase agreement (SPA), Seroja said it will sell the entire issued and paid up share capital of Trans LK Marine Pte for $32.16m.
Its activities comprise the provision of marine transportation including the chartering of tugboats and barges primarily to transport dry bulk freight such as thermal coal, sand, and other quarry materials.
