Gelonghui, May 23 | Asia Energy Logistics (00351.HK) announced that on May 23, 2024, the seller (the company's indirect wholly-owned subsidiary) signed a memorandum of agreement with the buyer. According to this, according to the terms and conditions contained in the memorandum of agreement, the seller conditionally agreed to sell and the buyer conditionally agreed to buy the ship at a cost of US$9.5 million.
This ship refers to Clipper Panorama, a bulk carrier flying the Hong Kong flag.
The directors believe that through continued management of the Group's assets, the sale will not have any significant adverse impact on the Group's operations, and will enable the Group to improve its operating capital situation and further enhance its working capital.
