TOP Ships (TOPS) said Wednesday it has struck a deal with Rubico to sell 100% of its shares in a special purpose vehicle which is a counterparty to a ship building contract with Guangzhou Shipyard International Company Limited.
The contract is for a very-high specification 47,499 dwt Medium Range product/chemical oil tanker for delivery during 2029, the company said.
The selling price is about $6.25 million, payable in full at closing, TOP said. It expects to close the deal by the end of September.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments