Shares & Derivatives
Singapore Shipping Corp sells of Nanyang Maritime
By Investment Moats  •  April 11, 2014
SSC announced tonight that they will be selling of part of their logistics business. Announcement here. It is likely what is sold off was the following asset they purchased for 5 mil detailed in my first SSC coverage.
NYML, an associated entity of the Vendor, was incorporated in 1988. NYML is 49% owned by the Vendor and 51% owned by ISK Singapore Pte Ltd. It provides distribution, warehousing and other support services and is also in the business of port operations.
  • NTA: SGD $1.8 mil
  • Net Profit Attributable Then: SGD $0.178 mil
  • Acquisition Paid Attributable: SGD $1.5 mil
  • ROIC: 11% ...
...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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