Avance Gas Holding Ltd: Successfully completed the second VLGC delivery to BW LPG

GlobeNewswire11-20

Hamilton, Bermuda. November 20, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) refer to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd (“Buyer”) for $1...

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(«Avance Gas» or «Company») (OSE: AGAS) refer to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd (“Buyer”) for $1...</p>\n\n<a href=\"https://finance.yahoo.com/news/avance-gas-holding-ltd-successfully-080800111.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avance Gas Holding Ltd: Successfully completed the second VLGC delivery to BW LPG</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvance Gas Holding Ltd: Successfully completed the second VLGC delivery to BW LPG\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/avance-gas-holding-ltd-successfully-080800111.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hamilton, Bermuda. November 20, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) refer to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd (“Buyer”) for $1...</p>\n\n<a href=\"https://finance.yahoo.com/news/avance-gas-holding-ltd-successfully-080800111.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LPG","symbol_name":"Dorian LPG","start_time":0,"source_url":"https://finance.yahoo.com/news/avance-gas-holding-ltd-successfully-080800111.html","article_id":"2484616524","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C6tCYLQRfOLS.MIZpdEtyA--~B/aD04Mjt3PTI4OTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/33865f4d8c3f725ee362a2c42c3fc7fd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484616524","pubTimestamp":1732090080,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hamilton, Bermuda. November 20, 2024 Avance Gas Holding Ltd.   refer to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd  for $1,050 million.On November 1, 2024, the Company announced the first VLGC delivery, and today Avance Gas announce the second VLGC delivery, the 2022-built dual-fuel ship Avance Capella. Avance Capella was under a sale leaseback agreement, which has been successfully novated to the Buyer. As a part of the transaction, outstanding lease obligation of $64.4 million have been novated to BW LPG. In connection with the delivery, 2.1 million shares in BW LPG were issued by the Buyer to Avance Gas. Additionally, the Company also received net cash proceeds of $15 million. Following the delivery, Avance Gas owns 3.45 million shares in BW LPG corresponding to a 2.4% ownership share. These consideration shares have a lock-up period of 40 days from the issuance date as previously announced.For further queries, please contact:Media contact: ystein Kall","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LPG":"Dorian LPG","BK4585":"ETF&股票定投概念","AVACF":"Avance Gas Holding Ltd.","BK4144":"石油与天然气的储存和运输","BK4588":"碎股","BW":"Babcock & Wilcox Enterprises Inc","BK4182":"重型电气设备"},"translate_title":"Avance Gas Holding Ltd：成功完成向BW LPG的第二艘VLGC交付","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BW":1,"LPG":1,"AVACF":0.9},"content_text":"Hamilton, Bermuda. November 20, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) refer to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd (“Buyer”) for $1,050 million.\nOn November 1, 2024, the Company announced the first VLGC delivery, and today Avance Gas announce the second VLGC delivery, the 2022-built dual-fuel ship Avance Capella. Avance Capella was under a sale leaseback agreement, which has been successfully novated to the Buyer. As a part of the transaction, outstanding lease obligation of $64.4 million have been novated to BW LPG. In connection with the delivery, 2.1 million shares in BW LPG were issued by the Buyer to Avance Gas. Additionally, the Company also received net cash proceeds of $15 million. Following the delivery, Avance Gas owns 3.45 million shares in BW LPG corresponding to a 2.4% ownership share. These consideration shares have a lock-up period of 40 days from the issuance date as previously announced.\nThe ten remaining vessels are scheduled for delivery to BW LPG prior year-end. As of today, three deliveries are expected to be delivered in November while the remaining seven are expected to be delivered in December.\nAvance Gas will issue regular press releases in connection with the remaining deliveries and the Company will revert with more information in its third quarter results presentation scheduled on November 27, 2024.\nFor further queries, please contact:Media contact: Øystein Kalleklev, CEO Tel: +47 23 11 40 00Investor and Analyst contact: Randi Navdal Bekkelund, CFO Tel: +47 23 11 40 00This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484616524"}