• 2012 August 2 11:38

  HNA Group unit's takeover offer for SinOceanic 'not fair value': Pareto

  

  An independent financial advisor to SinOceanic Shipping in a takeover bid by Sinindo a branch of China’s HNA Group says the offer is not “fair value” to shareholders, Seatrade Asia online reports.
  
  HNA Group affiliate Sinindo has made a NOK8.00 per share bid for Oslo-listed ship investment company SinOceanic after it increased its stake in the company to 53%.
  
  Acting as an independent financial advisor to the board of directors of SinOceanic Pareto Securities said the offer did “not reflect the current underlying values of the company and therefore not a fair value to shareholders”.
  
  The board of SinOceanic agreed the offer did not represent fair value, although did not see it as hostile. They also noted the risk that SinOceanic vessels could become subject to claims of arrest by creditors of HNA’s Grand China Logistics.

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2024 November 7

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2024 November 6

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17:34	Viking names two newest Nile River ships in Luxor
17:18	Enova grants EUR 65m to five hydrogen projects for maritime fuel in Norway
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11:24	HRDD completes desulphurization tower system conversion for a PCTC
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2024 November 1

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