info.sgx.com/webcoranncatth.nsf/V...penelement
The total consideration for the Acquisition is RMB110,000,000. The amount of the investment was
arrived at after an arms’ length negotiations on a willing buyer willing seller basis and taking into
account, inter alia, the net book value of RMB286,098,601 of JCSC as at 31 December 2012
seems like a good deal, but changbo is already idle, so not impact on earnings of whatsoever, just bigger capacity to capture maket share when the turnaround come
the juicy news is this
info.sgx.com/webcoranncatth.nsf/V...penelement
The new Contracts secured comprise of six (6) units of 82,000 DWT bulk carriers, eight (

units of 64,000 DWT bulk carriers and one (1) unit of 94,000 DWT transload vessel;
whereby such vessels are scheduled for deliveries in the period from 2015 to 2016, and
therefore will not have any significant impact on the earnings of the Group for the financial
year ending 31 December 2013.
In 1H2013, the Group had secured a total of twenty-seven (27) effective shipbuilding
contracts with an aggregate value of US$1.01 billion. As at the announcement date, the
Group has a total of 51 options worth US$2.64 billion entered with its respective buyers, of
which 22 options are for containerships worth US$1.56 billion and 29 options are for multipurpose bulk carriers worth US$1.08 billion. With the Baltic Dry Index recently achieving a
52-week high of 1179 points, the Group is confident that more options will be exercised in
2H2013. Pertaining to the cessations declared by the Group for its three 2500TEU
shipbuilding contracts previously, the Group has sold all of them to the new customer in 2Q
2013.
Yea!!