Kreuz Holdings subsidiary inked deal with a China-based shipbuilder
Contract is at a whopping US$113.65m.
In a release, the Board of Directors of Kreuz Holdings Limited and together with its subsidiaries announced that a wholly owned subsidiary of the Company, Kreuz Subsea Marine Pte Ltd has entered into a conditional shipbuilding agreement dated 5 February 2013 with a shipbuilder based in the People’s Republic of China, pursuant to which the Builder shall construct and sell a vessel to the Purchaser for an aggregate consideration of US$113,650,000.