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Pacific Radiance Ltd (PACI.SI)

PACI.SI on Stock Exchange of Singapore

0.14SGD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Pacific Radiance re-establishes presence in middle east with multiyear contracts
Tuesday, 10 Jan 2017 04:15am EST 

Pacific Radiance Ltd : Pacific Radiance re-establishes presence in middle east with multiyear contracts worth up to US$68 million ."Outlook remains challenging; will continue to grow and deepen footprint in key target markets in Asia, Latin America and Africa".  Full Article

Pacific Radiance says unit enters share purchase agreements with Navigatis Radiance Pte
Thursday, 22 Dec 2016 04:55am EST 

Pacific Radiance Ltd : Unit Radiance Offshore Holdings entered into share purchase agreements with Navigatis Radiance Pte. Ltd . Aggregate consideration for both ra shares and aoh shares payable by Navigatis Radiance to roh is us$5.2 million .Deal to transfer entire shareholding interests of 500,000 ordinary shares in Radiance Alliance Pte. Ltd to navigatis radiance.  Full Article

Pacific Radiance updates on defered delivery of vessel to charterer
Friday, 9 Dec 2016 04:22am EST 

Pacific Radiance Ltd : dot radiance has on 2 december 2016 agreed with charterer to defer delivery of vessel under charterparty to 31 december 2017 . parties to jv also agreed to work towards finding alternative employment for vessel should one be available before 31 dec 2017 .on 17 nov 2014 co made a media release that group's jv, dot radiance pte ltd secured a long term charter.  Full Article

Pacific Radiance posts Q2 net loss $57.7 million
Friday, 12 Aug 2016 07:13am EDT 

Pacific Radiance Ltd : Qtrly revenue $20.0 million versus $34.8 million . Says Q2 net loss $57.7 million versus profit $2.21 million .  Full Article

Pacific Radiance updates on additional investment in Strato Maritime Services
Friday, 12 Aug 2016 06:07am EDT 

Pacific Radiance Ltd : Additional investment in strato maritime services pte. ltd.) . Subscription shall be funded through internal resources . Following the subscription, the company now holds 10 million ordinary shares in strato. . Subscription not expected to have any material impact earnings per share of the company for the current financial year . Co has subscribed for additional 9.9 million ordinary shares for total consideration of s$9.9 million in the capital of strato maritime services . Source (http://bit.ly/2bn5Bff) ((Further company coverage: [PACI.SI])) ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Pacific Radiance responds to query regarding trading activity
Wednesday, 10 Aug 2016 07:06am EDT 

Pacific Radiance Ltd : Response to query regarding trading activity) . Company confirms that it is in compliance with the listing rules of the sgx-st and, in particular, mainboard rule 703 .  Full Article

Pacific Radiance updates on business
Wednesday, 10 Aug 2016 06:00am EDT 

Pacific Radiance Ltd : Provision is expected to negatively impact earnings per share of the company for the financial year ending 31 December 2016, . Company will continue to pursue all legal avenues of recovery of the doubtful receivables . It is a non-cash accounting provision which is not expected to significantly affect the company's cash flow position" . Says to pursue all legal avenues of recovery of the doubtful receivables . Clarify that it operates on a different business model and in a different business segment from Swiber . Says group wishes to clarify that it operates on a different business model and in a different business segment from Swiber . Refers to the announcements released on 29 July 2016 and 1 August 2016 .  Full Article

Singapore exchange issues query regarding trading activity on Pacific Radiance
Wednesday, 10 Aug 2016 04:13am EDT 

Pacific Radiance Ltd : Query regarding trading activity) . Singapore exchange issues query regarding trading activity on Pacific Radiance Ltd .  Full Article

Pacific Radiance clarifiies on statements made in the news articles
Monday, 1 Aug 2016 05:27am EDT 

Pacific Radiance Ltd. : Clarifies on statements made in the articles in the business times and the Straits times . clarifies expected provision of US$10.1 million is in respect of trade receivables for services rendered by the co's units to Swiber .Clarifies expected provision of US$10.1 million not due to amounts lent to Swiber's subsidiaries as stated in the articles.  Full Article

Pacific Radiance expects to make provision on Swiber's related entities
Friday, 29 Jul 2016 05:40am EDT 

Pacific Radiance Ltd : Expected to make a provision of doubtful receivables of about USD 10.1 million in respect of services to Swiber's related entities . Provision of doubtful receivables expected to "negatively" impact EPS for financial year ending 31 December 2016 .  Full Article

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