Xinduo La (SINDORA, 6106, board of industrial products group) sold off nearly 14.38 million ringgit a liquefied natural gas vessels, the release of funds of about 10.33 million ringgit will be used to reduce the loan, the balance as working capital.
Xinduo La-fat message that the subsidiary EA Technique (M) Sdn Bhd (EAT) to about 14.38 million ringgit off sale of liquefied natural gas vessels to repay the loan and as working capital.
It projects that in Q4 of this year to complete.
The disposal program is part of the vessel Xin Duola updated plan to sell off the older ships. The disposal also to EAT to focus on other profitable business better.
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