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Federal International (2000) Ltd's Subsidiary Announces Acquisition Of 1,000 Hp Brewster N-85 Land Drilling Rig

Friday, 13 Sep 2013 07:00am EDT 

Federal International (2000) Ltd announced that through its wholly-owned subsidiary, PT Federal International (Purchaser), entered into a conditional sale and purchase agreement ("Agreement") with PT Geo Link Nusantara ("Vendor") to acquire a 1,000 HP Brewster N-85 land drilling rig ("Rig")for a purchase consideration of USD10,369,031 (which amounts to approximately SGD12,961,289 based on USD:SGD exchange rate of 1.25 ("Exchange Rate")) ("Purchase Consideration") ("Acquisition"). 

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