Sinindo Holdings Ltd. completed the acquisition of an additional 28.1% stake in SinOceanic Shipping ASA (OB:SINO) for NOK 30.1 million.
As of July 25, 2012, Sinindo has received acceptances for 10837 shares of SinOceanic. As of July 31, 2012, Sinindo has received acceptances for 41101 shares of SinOceanic. As of August 3, 2012, Sinindo has received acceptances for 32780 shares of SinOceanic. On August 6, 2012, Sinindo has received acceptances for 22797 shares of SinOceanic.
As of August 7, 2012, Sinindo Holdings received further acceptances of 0.04 million shares of SinOceanic Shipping ASA. As of August 8, 2012, Sinindo Holdings Ltd. received further acceptance of 0.08 million shares. Sinindo Arctic Securities ASA and DnB NOR Markets, ASA acted as financial advisors to Sinindo Holdings. Pareto Securities ASA acted as fairness opinion provider to Board of Directors of SinOceanic Shipping ASA.
Sinindo Holdings Ltd. completed the acquisition of an additional 28.1% stake in SinOceanic Shipping ASA (OB:SINO) for NOK 30.1 million on August 10, 2012. With this acquisition, Sinindo Holdings Ltd. acquired additional 3.7 million shares & now holds 81.3% stake in SinOceanic Shipping ASA, in totality.