Avangaad Signs Agreement To Sell FSO Vessel For US$10.5 Mln
In a Bursa Malaysia filing, Avangaad said the divestment unlocks RM44.5 million in immediate cash flow, and the proceeds will be strategically redeployed into higher-yielding and longer-tenured assets, in line with Avangaad's long-term strategy, while providing additional headroom for financial flexibility.
'The transaction is expected to strengthen the group's financial capacity to sustain a broad, balanced fleet and expand its service offerings across oil and gas (O&G) and non-O&G markets.
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