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The contract will become effective upon the receipt of Letter of Guarantee from the bank of the shipyard. The vessel is expected to be delivered in the fourth quarter of 2017. Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contract. Barring any unforeseen circumstances, the contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2015. By Order of the Board Wu Zi Heng Vice Chairman and President 16 June 2015 Cosco Corporation (Singapore) Limited |
