Courage Investment Group to Acquire Poly Odyssey Marine for $15.5 Million

MT Newswires Live

Sep 16, 2024

Courage Investment Group's (HKG:1145, SGX:CIN) subsidiary Peak Prospect agreed to acquire the entire issued share capital of Poly Odyssey Marine and its shareholder's loan for at least $15.5 million on Friday.

The acquisition will also facilitate the group's takeover of a dry bulk Supramax vessel named Diva, which Poly Odyssey Marine agreed to purchase from Star Trident VII through a same-day memorandum of understanding.

Courage Marine, another subsidiary of Courage Investment Group, on Friday also agreed to dispose entire issued share capital of Zorina Navigation, its shareholder's loan, and the vessel Zorina to Velda Marine for $13.8 million, a Friday filing with the Hong Kong Exchange said.

The company's shares were down over 6% on Monday.

Price (HKD): $0.17, Change: $-0.011, Percent Change: -6.08%

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