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Unique Cruise Solutions The news you need to know |
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Cruise News for the Corporate Travel Professional |
September 2009 Edition |
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Star Cruises Sells Port Klang Cruise Center |
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Star
Cruises has made another step forward in further strengthening the group's
capital base.
On 28 August, 2009, Star Cruises Terminal Sdn. Bhd. (“SCT”), an indirect wholly-owned subsidiary of Star Cruises, entered into a sale and purchase agreement with Glenn Defense Marine (Asia) Sdn. Bhd. (“GDMA”) in relation to the disposal of the entire issued share capital of Port Klang Cruise Centre Sdn. Bhd. (“PKCC”) and Glamourous Trendy Sdn. Bhd. (“GT”) for an aggregate consideration of RM188 million (equivalent to approximately US$53.2 million). The estimated gain on disposal (subject to audit) will be about US$11.1 million. Principal assets held by PKCC and GT are the land, jetty and terminal building located at Port Klang, Malaysia. |
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Worldwide Travel & Cruise Assoc., Inc. 150 S. University Dr. Ste E, Plantation, FL 33324 - USA Tel: +1 954 452 8800 Fax: +1 954 252 3945 EMail: sales@cruiseco.com |
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